http://www.iboughtaduplex.com/rental-market/fallout-from-the-foreclosure-situation-rents-are-falling-fast.php "Are you sure you can handle managing something like that?" Well, there's one sure way to find out... Sat, 28 Jan 2012 23:22:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.iboughtaduplex.com/rental-market/fallout-from-the-foreclosure-situation-rents-are-falling-fast.php/comment-page-1#comment-67982 Patrick Fri, 13 Feb 2009 02:08:57 +0000 http://www.iboughtaduplex.com/rental-market/fallout-from-the-foreclosure-situation-rents-are-falling-fast.php#comment-67982 I have found the most consistent way to figure out the rent in your area is to look at your competition. I keep a close eye on Craigslist, the mls and some local realtors that list rentals. I see what comparable rentals are going for and price my properties accordingly. I have found the most consistent way to figure out the rent in your area is to look at your competition. I keep a close eye on Craigslist, the mls and some local realtors that list rentals. I see what comparable rentals are going for and price my properties accordingly.

]]> http://www.iboughtaduplex.com/rental-market/fallout-from-the-foreclosure-situation-rents-are-falling-fast.php/comment-page-1#comment-67736 LeAnna in MN Wed, 11 Feb 2009 16:47:17 +0000 http://www.iboughtaduplex.com/rental-market/fallout-from-the-foreclosure-situation-rents-are-falling-fast.php#comment-67736 Thanks for posting this--how do you find out some of that information? I'm trying to figure out of my rent is set right, because when I bought the place I just left the rent at what it was, because the tenant was staying. In August when I have to get a new tenant, I am switching over from including all utilities in the rent to breaking out the electricity (it's metered separately, but on the same bill.) So while I'm at it, I want to make sure that my bottom line is healthy, and it's really hard to tell. According to the tax documents that I just filed, my net gain was only a couple hundred dollars for the year, but that factors in half of the cost of a couple of major improvements I would have been doing anyway (attic insulation and water heater replacement). How do I figure it out? Thanks for any input you'd have on that one. Thanks for posting this–how do you find out some of that information? I’m trying to figure out of my rent is set right, because when I bought the place I just left the rent at what it was, because the tenant was staying. In August when I have to get a new tenant, I am switching over from including all utilities in the rent to breaking out the electricity (it’s metered separately, but on the same bill.) So while I’m at it, I want to make sure that my bottom line is healthy, and it’s really hard to tell. According to the tax documents that I just filed, my net gain was only a couple hundred dollars for the year, but that factors in half of the cost of a couple of major improvements I would have been doing anyway (attic insulation and water heater replacement). How do I figure it out? Thanks for any input you’d have on that one.

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