138: Rookie Reply: How Do I Find Rental Comps for My Property?

This week’s question comes from Daniel, who reached out directly to Ashley through her Instagram (@wealthfromrentals). Aside from giving Ashley some more movie quotes to use, Daniel is also asking: How do I gather local rent numbers for my rental property? Landlords can struggle when trying to price a rental appropriately, that’s why rental comparable (comps) research can be so important when looking into a new area or when shopping for properties. Both Ashley and Tony use rental comps daily, so they can calculate the right rent price in their sleep!Here are some suggestions:Look at comparable homes in your area and see what they’re renting for on top rental sitesFocus on a zip code and property type, as these will be two important factors when comparing rentsUse the BiggerPockets Rent Estimator to automatically find a comparable rent priceCall a local property manager and ask them what your property would rent forStart an excel spreadsheet where you can easily track days-on-market and price for rentalsAnd more in the episode…If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Links from the ShowReal Estate Rookie Rookie Facebook GroupReal Estate Rookie Youtube ChannelZillowRedfinCraigslistFacebook Market PlaceBiggerPockets Rental EstimatorCheck the full show notes here: https://www.biggerpockets.com/rookie138

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