How Much Can I Rent My House For?

Alright guys, I'm going to uh shoot a quicktutorial on, how to determine rents.

The other day somebody asked me, well how much can Irent my house for, if I buy this property over here.

This is what we use when we arenot too familiar with uh an area, it's rentometer dot com.

Uh, its easy to use and its Freeto use, okay just plug in your address right here, the address of the subject propertythat you are going to, you are thinking about buying or fixing it up to rent it out.

Uh,the rent and the bedrooms.

Let me just grab an address off of zillow dot com.

I am goingthere because they got addresses that are public.

I am not trying to pick on anybody'sparticular house.

Uh, lets go to uh lets go to Houston.

[pause] Alright, and we are goingto try and get a three bedroom, two bath, uh no apartments so lets filter this out here.

Home type, we just want a house.

By the way guys, if you are on our website, uh at weteach houses dot com, there's a, there's a module called Rental Properties, that willhelp you maximize uh your cash flow and how to get the most out of your rental properties.

It will help you out a lot,when you get a chance, look at it, review it.

I will leavea link to it on this post, Uh, apply here.

Alright guys, what we got here is three bedrooms,houses only, 2 or more bathrooms, so lets just filter or sort them through price here.

And I'm just looking for around fifteen hundred square feet, three bedrooms, two baths, that'sa little low.

Uh, seventeen hundred twelve thirty five.

I don't know that may be uh,lets go right here, Looks good [noise] Again we are just grabbing this, this address sowe can plug it in that rentometer.

oh, come on guys.

Zillow says its eleven twenty [pause]for that property, It should rent for and they're asking a thousand.

Lets go look atthis.

Okay, plug in your address, thousand dollars in rent, three bedroom, analyze mydeal.

Pull up some information here and you should have a map.

There's the subject propertyright in the dead center, the star in the in the box.

All of these little dots aroundhere are rental properties and they show you how much they rent for.

This one here, twentytwo hundred, wow that's pretty good.

Ten fifty and that's pretty close.

Eight hundred, nineseventy five, nine fifty, twelve hundred [pause] That's eleven hundred, and seventeen hundred.

Alright guys, this is based on forty six rental units.

They are all 3 bedrooms, these areall three bedrooms.

Alright, you want to stay as close as you can to the property.

Uh, youwant to compare apples to apples, so these guys are asking a thousand, they should beable to get it fairly easy, uh depending on what they got to do to improve the propertyor get it rent ready.

Uh, personally we would probably get eleven, eleven fifty and we wouldget that very easily.

Again, you can get all that information on the module we over hereon our website, uh rental properties.

So its in video format, its got a presentation inuh power point.

Uh, its got a lot of good information, so use it to help you out, ifyou need it and I hope this little tutorial helped you out on the rents, alright, y'allhave a good day.

[pause].

Source: Youtube