Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#68089 - 02/09/07 01:17 PM Rent
mystic Offline
Member

Registered: 07/24/05
Posts: 147
Loc: California
I was just wondering how could you figure out what a certain property would rent for. I want to invest in some property's and get a cash flow from them but I need to no how much I should be expecting to get rent from each property so I can do my calculations properly.

Top
#68090 - 02/09/07 02:34 PM Re: Rent
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Ask your Realtor!

 Quote:
Originally posted by mystic:
I was just wondering how could you figure out what a certain property would rent for. I want to invest in some property's and get a cash flow from them but I need to no how much I should be expecting to get rent from each property so I can do my calculations properly.
_________________________
Paul Oaks
Oaks Real Estate Group

Top
#68091 - 02/09/07 09:21 PM Re: Rent
mystic Offline
Member

Registered: 07/24/05
Posts: 147
Loc: California
I don't want to ask my realtor, I was wondering if there was some sort of website or something. Like how would the realtor figure out the rent I should expect? I'm not looking to buy right now i'm a loan officer right now i'm waiting for a few more of my deals to fund so i get the money i need to buy this investment property.

Top
#68092 - 02/09/07 11:42 PM Re: Rent
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
The Realtor in that area will likely know what the rents are going for if that agent deals with investment property. The Realtor know ths because he or she is a professional and that is what they do for a living.
So why don't you want to ask your agent? Could it be because you don't have an agent?

 Quote:
Originally posted by mystic:
I don't want to ask my realtor, I was wondering if there was some sort of website or something. Like how would the realtor figure out the rent I should expect? I'm not looking to buy right now i'm a loan officer right now i'm waiting for a few more of my deals to fund so i get the money i need to buy this investment property.
_________________________
Paul Oaks
Oaks Real Estate Group

Top
#68093 - 02/10/07 05:23 AM Re: Rent
Ohio Realtor® Offline
Member

Registered: 11/17/05
Posts: 369
Loc: Cincinnati
 Quote:
Originally posted by mystic:
Like how would the realtor figure out the rent I should expect?
First if it is in an area that I own property in I know the rental amount that I and the property owners around me charge. I also know the General conditions of the properties near me that effect the rent. If the property is outside of my direct area I network with property owners and a Lawyer that works in the area and her specialty is eviction for the county I work in.
_________________________
My thoughts are opinions only and not to be confused with legal advise. www.Find1home.com

Top
#68094 - 02/10/07 07:07 AM Re: Rent
mcole Offline
Member

Registered: 11/30/06
Posts: 64
Loc: Orange, CA
If you’re a loan officer, try asking one of your appraisers. They have to do a rent analysis on any NOO loan they do. So, they should have a good ballpark number for you.

Also, you could try sites like Realtor.com, look in the local newspapers, Green Sheets, Recycler, etc.
_________________________
Designer Virtual Tours - A Difference You Can See.
cpgtours.com

Top
#68095 - 02/11/07 12:38 AM Re: Rent
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8479
Loc: georgia
Easiest is local newspaper,you can get a gage under rentals for what the range is,another easy way is to call a property management company in the area you are interested in and they can give you the going rate averages.

Top
#68096 - 02/15/07 09:52 AM Re: Rent
deja Offline
Member

Registered: 05/12/04
Posts: 22
Loc: des moines ia usa
Many good ways to find what a property should rent for.

A quick a not always accurate way to calculate gross rent is multiply property value by .8%

so a $100,000 house would rent for $800. But really checking the comps is a much better way to approximate rents.

I agree with Paul contact your Realtor.


Good Luck happy investing.


Http://www.desmoinesdownpayment.com
_________________________
Deja Fouts
First Realty/ GMAC
http://www.desmoinesdownpayment.com

Top
#68097 - 02/15/07 10:28 AM Re: Rent
mcole Offline
Member

Registered: 11/30/06
Posts: 64
Loc: Orange, CA
I wished the .8% approach worked here in Southern CA, but unfortunately it’s not even close.

As the old saying goes -- “All real estate is local.”

: )
_________________________
Designer Virtual Tours - A Difference You Can See.
cpgtours.com

Top
#68098 - 02/15/07 07:15 PM Re: Rent
gluck06 Offline
Junior Member

Registered: 02/15/07
Posts: 9
Paul is right. "So how do we get to Carnegie Hall?" The hippie says, "Practice, brother, practice." The author of one self-help success book says "I suggest you take a cab." That's when we start thinking we could use some help from a real estate agent.
_________________________
Global Property Guide
http://www.globalpropertyguide.com/

Top
#68099 - 02/16/07 01:12 AM Re: Rent
mystic Offline
Member

Registered: 07/24/05
Posts: 147
Loc: California
besides the .8% i'm sure theres some other sort of percentage i could work with that works for here in southern california. Does anyone no of that percentage?

Top
#68100 - 02/16/07 08:37 AM Re: Rent
mcole Offline
Member

Registered: 11/30/06
Posts: 64
Loc: Orange, CA
Greetings Mystic,

Where in SoCal? Every area is going to be completely different.

As I’m sure you know, Pacific Palisades (for example) isn’t going to be the same ratio as say Hemet.

I have seen many areas that aren’t going to be much over .4%, and other areas that are much less.

Also, are you talking SFRs? Condos? Multi-unit? Mobiles? What price range? Etc., etc. It’s all going to make a difference.

There have been a lot of good suggestions posted above on how to get the number you’re looking for. The simplest being what Paul suggested… ask a Realtor.

I just don’t think you’re going to find a magic formula that works across the board in every situation.

I’m not trying to be rude, but aren’t you a licensed appraiser? Or, at least took classes to get your license? If so, didn’t they teach how to do rent analysis? Just curious.

My 2¢
_________________________
Designer Virtual Tours - A Difference You Can See.
cpgtours.com

Top
#68101 - 02/16/07 01:01 PM Re: Rent
Christina Bathan Offline
Junior Member

Registered: 02/12/07
Posts: 2
Loc: West Hills, CA
Another way to go is to look in the paper, Hee in so Cal I have a 2 bedroom house 900 Sq Ft aproz that we rent for 1260 a month plus utilities...
_________________________
Christina Bathan
FUND IT CORPORATION
818-800-1140 (cell)
818-449-9286 direct
877-8-fund-it ext 286 toll free

Top
#68102 - 02/16/07 01:25 PM Re: Rent
mcole Offline
Member

Registered: 11/30/06
Posts: 64
Loc: Orange, CA
If I may ask, what is that property worth? It would be interesting to see what the rent-value ratio is on it.
_________________________
Designer Virtual Tours - A Difference You Can See.
cpgtours.com

Top
#68103 - 02/17/07 12:35 AM Re: Rent
mystic Offline
Member

Registered: 07/24/05
Posts: 147
Loc: California
no i'm not a licensed appraiser i'm a full time loan officer. I just wanted to get a feel of it but now with all your answers i get it and now no wut to do. I'll just wait till the money is saved up then contact an agent and ask him and make him my agent then eventually buy the property through him.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
JakeRoberts, JaneLee, CourtneyFields19, toorgeman123, D best Realtor
21441 Registered Users
Who's Online
4 registered (OrlandoAgent, kreid, 2 invisible), 139 Guests and 1 Spider online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 78
KingofBPOs 56
Brit16 51
DueDiligence 36
super realtor 36
Bigtoe 35
Averis 34
johnnyloans 33
SoldWithVideo 32
Kjmendy 29
RIzwan 29
75Corvette 25
Scintillion 25
Doin' bpose 24
Brad - W4BJM 22
(Views)Popular Topics
No new orders today 4758735
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2708913
Stupid MLS comments. 959179
EML 458010
Evalonline 299690
What do you know about Froy Candelario, top agent in USA 291119
Land America 285007
New HUD Listing Brokers---Any Update? 269840
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239464
Stupid QC comments and BPO requirements. 230892
Is there religious content in Buffini class? 225919
FARVV 177251
REOTRANS 160822
Let's talk about our cars 147913
USRES / RES.NET 147658
asset val seminar in colorado 144139
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 02/25/05
Posts: 2232

How To Advertise Here


This site presented by RNC Internet Services