So I often wondered (especially after some of the threads I was a part of on the RD board), what values are in other areas and how my area stacks up.
What I'd like to know (and please only those that are actually in it...for accuracy), is what does an average rental home A) cost B)what size and features (# of beds/bath/garage) C) age/condition D) rents for and would it cash flow at those values.
For instance in my area, the average rental house is: 1200 +/- sqft. 3 bed, 2 full baths and a garage. Average age is within 10 years old +/- . Prices these days for this house run $160K to $185K and rent these days run from $950-1100 and take from 1-3 months to rent (I can only guess on that one, mine rent usually within 30 days or less).
Larger homes here tend to take longer to rent than that small box. Everyone and their uncle is a Landlord around here, so I have to really be on my sales game and make sure I make the most of every contact with prospective renters.
I'd love to know how others have it around the country. I think this group is a bit more mature and not over run with newbies as apposed to the RD forum (I would never ask this there) and I look forward to the regulars chiming in on what they experience. I'd like to hear from those with rentals or that manage. I'd like to keep speculative talk out, I really want accurate pictures of the country, not what someone thinks is happening.
TIA
What I'd like to know (and please only those that are actually in it...for accuracy), is what does an average rental home A) cost B)what size and features (# of beds/bath/garage) C) age/condition D) rents for and would it cash flow at those values.
For instance in my area, the average rental house is: 1200 +/- sqft. 3 bed, 2 full baths and a garage. Average age is within 10 years old +/- . Prices these days for this house run $160K to $185K and rent these days run from $950-1100 and take from 1-3 months to rent (I can only guess on that one, mine rent usually within 30 days or less).
Larger homes here tend to take longer to rent than that small box. Everyone and their uncle is a Landlord around here, so I have to really be on my sales game and make sure I make the most of every contact with prospective renters.
I'd love to know how others have it around the country. I think this group is a bit more mature and not over run with newbies as apposed to the RD forum (I would never ask this there) and I look forward to the regulars chiming in on what they experience. I'd like to hear from those with rentals or that manage. I'd like to keep speculative talk out, I really want accurate pictures of the country, not what someone thinks is happening.
TIA
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
Moli nepz uvjis neslivt, Kedltupwommi iyqisoipdif e tohpogodepv qsodi tashi epf vjisi esi pux nusi junit gus temi vjip vjisi esi cazist. Vjot ot edsutt vji cuesf, op emm qsodi sephit. Ov ot e wisz vuahj voni, og zua esi vszoph vu timm tunivjoph. 
