Posted by phil fernandez on December 25, 2000 at 09:07:21:
I would initially get your local paper and go through all of the apartments and houses for rent section. Call on some of the ads and go out and physically check out the units. After awhile you will get a good feel for market rents.
Also call up some of your local manangement companies and ask what they are getting for one and two bedroom apartments or what they are renting out 3 bedroom two bath houses for.
If you know other landlords in your community ask them. They are usually very helpful. Join your local investor group. They can tell you about rental rates.
The more information you can gather on rental rates, the more accurate you will become in determining fair market rents in your area.