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Answers (6)
- Louis Wolfson, "Louis Wolfson"
- Contributions:173
Do you have CraigsList.org in your area? Try it, you get a rough idea of what rents are. Other avenues, call your local Real Estate Professional, check your local newspaper, google it. You can even find the rents in my area :) Good Luck
- Michele Norris, "michelenorris"
- Contributions:59
Your Realtor can complete a rental assessment for the neighborhood where the home is located.
The assessment will include similar properties that have rented over the last 12 months as sell as properties that are currently on the market for lease.
The assessment will include similar properties that have rented over the last 12 months as sell as properties that are currently on the market for lease.
- Edyta Gryc, "SE Florida broker"
- Contributions:304
The best way would be to compare similar properties what they are rented for. A realtor can help you determine the monthly lease amount, it is similar as determing the price for sale.
- Reallyfedup
- Contributions:815
If you are referring to renting something out, the best way to come up with a price is to find out what others are getting for the same size and condition and base yours off of those.
For example if a 3 bedroom 1 bath home gets $1500/mo then start there and base your price, either more or less, for what it has, doesn't have to offer. If others are including utilities in the rent then you will need to factor that in as well.
If you are renting out something such as office space, then you need to find out what the going rate per square foot is and price your rental accordingly.
For example if a 3 bedroom 1 bath home gets $1500/mo then start there and base your price, either more or less, for what it has, doesn't have to offer. If others are including utilities in the rent then you will need to factor that in as well.
If you are renting out something such as office space, then you need to find out what the going rate per square foot is and price your rental accordingly.
- Shawn Spaw, "shawnspaw"
- Contributions:134
It depends on what you are leasing, how long, and where. It is much like pricing to sell. The market will ultimately determine the price.
- Eugene Hacker, "RiverLakeRE"
- Contributions:165
You need to figure out what market value is. You can accomplish this by driving around looking for for rent signs, calling on newspaper ads, or looking on craigslist. Basically you need to get to know your market.
If you don't have the time or desire to do this, then I would recommend hiring a property manager that can help you with pricing and management.
If you don't have the time or desire to do this, then I would recommend hiring a property manager that can help you with pricing and management.
How would a monthly lease amount be determined?
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