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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; and

4) call old FRBO ads and ask the owners of properties that have already been rented what they received for their property.

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