How to Get Rentals Comps

You need to know the fair market rents for any property you are considering purchasing to hold. How do you do that? 

Buy in an area where you already know the rents. This is easy, once you get started. But everyone has to begin somehow.

Another method is to ask your broker. They have access to rental comps from the MLS. The tricky part sometimes is you may not know a broker in the area and they may be reluctant to simply do time-consuming favors for strangers.

Use Rentometer, Zillow (the rent estimate is much more reliable than the Zestimate) or another third party tool.

Last but not least, go to your favorite search engine and type in “rent a home in ___________” and fill in your target market. 

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