Rick Duchane: Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?KDrF
Lorine Helwick: There are a few methods to figuring out what you should ask for rent.1) Ask around. Knock on doors of other rentals in the area. There is nothing wrong with asking a renter what they pay for their property, and they will usually share the information. This is a very informative method, since the unit is one that is actually being rented. You can also call about other rentals that are listed and find out about rates being asked for comparable units. This can be a little misleading, since the price isn't necessarily one that people are willing to pay, but it is much easier than hoofing around door to door.2) Call an appraiser in your area (If you don't know one, call a real estate agent or mortgage broker/lender that you trust, and they should have a name). You will have to pay him for it, but the appraiser will do a rent schedule for you. If the property is one that you recently pu! rchased or refinanced, you, or your loan officer, probably already have a copy of this document. Most lenders require it for investment properties. The rent schedule is basically an appraisal of rents in the area, and it is a professional statement of what the property could be rented for. This is another education tool, but I have found that creative advertising, unique features, and different types of leases usually lead to a rent that is different (often higher).3) Trial and error. With every property this is going to be the tool that gets you to the "MAX RENT". If you rented a place within a couple days of listing it, then you might want to raise you price. However, when you raise your price you might find a unit sitting a little too long. My experience has been that I've had to own a property for about two lease cycles in order to have an idea of whether my rent was accurate or not. Note: Charging a higher rent can be a little nerve racking when trying to find a renter! . You will always be the last to be looked at. You will notice! other places filling up around you, and it is very difficult to tell how long you are going to have to wait. Take time to think about a break even point - how much your time is worth and how much of it you want to spend renting the place vs. how much extra money you will make from a higher rent. Renters tend to be very "shoppers" and very concerned about even a few extra dollars.Scenario:If you know you can rent a unit for $1500/month but decide to try for $1600/month don't let yourself wait longer than one month. If you miss one month you lose one month's rent (guaranteed $1500) in an effort to wait for someone who will pay you an extra $1200 over the year.Good luck!...Show more
Brenton Cornwall: Here is a website for a ROUGH ESTIMATE. Its kind of like "rental zillow", in the respect that it could be high or low, depending on your area.But, its a good place to start!http://www.rentometer.com/Have fun.
Luana Carothers: 2
Sibyl Siwik: an aprrasor can proba! bly tell you that also. But I would look in the newspaper & see what other houses in ur area are renting for & then add or subtract for amenities you do or don't have which they do..
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