How much to charge for a rental property?
The Wall Street Journal’s real estate columnist June Fletcher suggests 1.1 percent of the home’s value up to about $100,000 or about $1,100 a month. After that demand and what the market will bear will affect values.
She points to rental sites as a good clue for someone setting prices, particularly VRBO.com, Flipkey.com and Craigslist. She also recommends Rentometer.com, which compares proposed rent with comparable rentals nearby.
For help calculating return on investment, try Rentalsonline.com.
Source: The Wall Street Journal, June Fletcher (07/29/2010)
Thursday, August 12, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment