How to Run Rental Comps for a House
Abstract
Table of Contents What Are Rental Comps? What Do You Need to Find Rental Comps? Where to Find Rental Comps Data? 3 Other Things to Consider for Rental Property Pricing Conclusion As a real estate investor, this article will improve your understanding of rental comps and the importance of different property aspects when calculating the ideal rental rate for your property. You'll be able to use the data from rental comps to the fullest to help generate the most lucrative return from your rental property. What Are Rental Comps? Rental comps, which is short for rental comparables, refers to rental properties with similar characteristics and features to the investment property you already own or plan to buy. How Do Rental Comps Work? As mentioned, rental comps allow investors to compare similar properties within the same area in terms of potential rental income. While it's possible to run rental comps even when you proceed to search for rental comps that are near you, entering the specific location/address of the property will generate better results. The best way to get to the most accurate rental price estimate is to have homes with the same number of bedrooms in the rental comps. Using Mashvisor for Rental Comps That said, you can always turn to Mashvisor for rental comps source that's reliable and easy to use, not to mention budget-friendly in terms of everything it offers to its users.
