Rentals in 92545>Question Details

Ken, Renter in Temecula, CA

how do you know what is a fair rent?

Asked by Ken, Temecula, CA Sat Oct 2, 2010

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Hello Keith:

Ask a Realtor for advice and comparisons. There are some who specialize in rentals.

If you want to get a quick and pretty good estimate, you might want to try this website:

http://www.rentometer.com/
2 votes Thank Flag Link Sat Oct 2, 2010
Historically, what the market will bear,.
0 votes Thank Flag Link Sat Sep 22, 2012
Hi Keith,
You can generally go by the going rate in the area.
you can check rental rates off of craigslist, zilpy, zillow, and here on trulia.
Generally you can go by square foot of the home and number of bedrooms.

Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomesrealestate.com
http://www.socalhomesrealestate.com
California Department of Real Estate License # 01312992
0 votes Thank Flag Link Sat Oct 2, 2010
Hi there, funny you should ask, I just finished preparing a pricing analysis for someone who will soon list a condo for rent. You should approach your evaluation in exactly the same way you would a pricing analysis for a purchase...based on comparable closed transactions.

Your agent can help with this. One thing to keep your eye on is the commission - generally here in NJ it is equal to one month's rent and is usually split between the listing agent and the renting agent. The listing should specify who pays, ie, tenant, landlord or a split between the two. If tenant and/or split, you may be able to negotiate further if your lease is otherwise strong.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Sat Oct 2, 2010
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