Trulia Voices Real Estate Q&A in 38104

Show me another »

Beatrice Blatte…
Just Looking
San Jose

Are Midtown house rental prices going up or down, particularly Cooper Young and by how much?

Sat Apr 5 2008, 17:02 - 38104 - Market Conditions - 1 answer

For a 3 BR 1 ba house in excellent condition 1200 sq feet, central air & heat

Answer this question

Helpful (0)

Email Alerts

Send to a friend

Save

Report

Answers (1)

FIRST: Jo Shaner

Jo Shaner
Real Estate Pro
Memphis

Sun Apr 6 2008, 11:21

FIRST ANSWER

People can rent out for anything they think they can get. Rent ranges, as they are referred to, are based on supply and demand. If you are willing to pay $15,000 a month, there is no one or agency that will disallow the landlord from charging you that. When you buy, that is another story since that is an investment usually secured by a loan.

I try to keep my rentals in check with what is fair and honest with the neighborhood. I have had some stay the same for a couple of years and then others that escalating, due to location and demand. Also, I evaluate the risk factor - how nasty is one's credit (usually people rent instead of purchasing because of bad things in their closets). If it is just a case of being in an area for 1 year, a divorce pending or company housing - that's another story. I never discriminate over anything except the ability to pay.

As far as your question in Midtown on rental - it depends on the street!

Take care,

Jo Shaner

Web Reference: http://www.lipseyshaner.com

Helpful (0)

Report

Didn’t you find what you are looking for? Ask a question!