Rental Basics in Long Beach>Question Details

anniebeaudo…, Real Estate Pro in Encino, NM

is there a website to get an accurate market value of a rental in order to figure our how much rent to ask for a condo I wish to rent?

Asked by anniebeaudoinbud, Encino, NM Fri May 25, 2012

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7
Samantha Baksic’s answer
Hello again,

I have one other resource to add:

Zillow has an estimated rent range for every property. If you take the info provided by all of these resources into account, it will help you find the market value for your area.

Best of luck!
Samantha Baksic
Precision Realty

sb@theprecisioncos.com
http://www.theprecisioncos.com/
http://www.ocbeachcitiesrealestate.com/
714.330.2021 (cell)
800.817.7542 (fax)

CA DRE License #: 01904666
0 votes Thank Flag Link Thu May 31, 2012
Another thing to keep in mind is the amenities of your condo as compared with those of other surrounding areas. Rentometer.com can be a good starting point, but since it doesn't list any other options other than number of bedrooms, it is hard to know what you are really comparing. Craigslist, along with having an agent do an MLS search, will help you get a more comprehensive look at what you should be charging.
0 votes Thank Flag Link Tue May 29, 2012
Great question. Any of us agents will be happy to pull up recently leased out condo's in your area. We use the Multiple Listing Service and that can give you a good idea for "fair market rent". also, your local neighborhood newspaper will advertise rentals. I have rental properties and when I see a sign in the yard near my rental , I always call and ask them what the going rents are. Call me if you would like my assistance.

I am happy to help~

Lesley Harris, Realtor
(562) 673-0943
0 votes Thank Flag Link Fri May 25, 2012
You can also check in the Grunion Gazette a local Long Beach paper( havve a site online) that has Long Beach rentals that might be helpful too. I use that and Craig's list to see where the rents are at.

Regards,
Barbara Robbins-Olexa, Broker
L B Brokerage
714-296-7270
bstrealtor@aol.com
0 votes Thank Flag Link Fri May 25, 2012
You have to do your research and understand how to interpret the information. Look at several websites that post rentals in your area and use that as your guide. Then you need to run ads, screen applicants, show the property, negotiate the terms, and then draw up the lease. A lot of landlords think that it is worth the money spent to hire a Realtor to do this for them.
I have a neighbor who likes to save a few dollars and do it himself. His methods are not comprehensive and are ineffective. I have seen it take him over two months to get the condo filled. If he had hired a Realtor, he probably would have saved time and money, and reduced his liability.
0 votes Thank Flag Link Fri May 25, 2012
Besides Rentometer.com you could also check Craigslist to see ads for similar properties.
0 votes Thank Flag Link Fri May 25, 2012
You can check http://www.RentOMeter.com. They give a fairly accurate view of market rents.

Good luck!

Peter Werrenrath
Peter@TheREALPete.com
(562) 208-9818
http://www.TheREALPete.com
0 votes Thank Flag Link Fri May 25, 2012
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