Posted by phil fernandez on January 24, 2001 at 20:27:51:
You are smart wanting to know what your local rental market rents for. Heres what I do, of course I know my market. Take a look in your local paper. What are two bedrooms without utilities renting for. Now call on these ads and go out to take a peek. Hey you’re a potential tenant right. Don’t feel bashful.
Next call some management companies and ask them what they are getting for a nice two bedroom without utilities. Go and look at a few.
Call some realtors. Ask them what a two bedroom without utilities will fetch.
Anybody that you know that is renting a two bedroom, yup you guessed it, without utilities, ask them what they are paying for rent.
After doing all this you will get a great handle on what a two bedroom without utilities is renting for in your market area.
It’s kinda like Ed Garcia’s phrase, " get out in the street." That’s the best teacher.