4 Free Tools to Help Landlords Determine Rent
March 3, 2008
1. The newspaper/apartment websites/craigslist.com. I combined these into one because they are the rates other landlords are advertising.
2. Rent-o-meter.com. Enter the address, the current rent and hit enter. You’ll see what other landlords/tenants are saying they are charging for rent for a similar unit near your unit.
3. US Department of Housing and Urban Development at HUDUser.org. For example, fair market rent in the Hartford/W Hartford/E Hartford area is $985 for a 2 bedroom. This information is helpful for landlords accepting Section 8 vouchers as well as for Section 8 applicants.
4. Your local, friendly Realtor. While not all or even most landlords list their rentals in the Multiple Listing Service, this is a good resource for getting the full details on rentals and maybe even photos.
Entry Filed under: Connecticut, Landlord, Renting. Tags: Connecticut, fair market rent, landlords.
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1. Evan Berman | March 5, 2008 at 12:56 am
Great info here. I am a Realtor and a landlord and I agree with all of the 4 tools that you talk about. Thank you for the good information. Evan