moneynfast 0 Report post Posted January 17, 2003 What is the best method to come up with a fair rent rate?Should I ask people in that area what they are paying for are is there a simplier way to do this. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted January 18, 2003 Rental rates are not as readily identifiable as purchase price, which in all but six states is public domain.When you find yourself interested in a property where you are not sure of what the rental market is, there are a few steps you can follow to try and determine that info:1) check the newspapers to see what the comps in the area are listing for;2) check with the local Realtors office. Most have property management divisions within the office and can quote you a price range;3) check with a local rental agency; and4) call old FRBO ads and ask the owners of properties that have already been rented what they received for their property. Share this post Link to post Share on other sites