This week’s question comes from Daniel, who reached out directly to Ashley through her Instagram (@wealthfromrentals). Aside from giving Ashley some more movie quotes to use, Daniel is also asking: How do I gather local rent numbers for my rental property?
Landlords can struggle when trying to price a rental appropriately, that’s why rental comparable (comps) research can be so important when looking into a new area or when shopping for properties. Both Ashley and Tony use rental comps daily, so they can calculate the right rent price in their sleep!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley:
This is Real Estate Rookie, episode 138.
Tony:
Welcome to the Real Estate Rookie Podcast where every single week, two times a week, you get Ashley and I breaking down the basics of becoming a real estate investor. And we do that by going deep into the topics, into the questions that you know you want to ask but sometimes you’re too embarrassed to ask. So, that’s what we’re going to get into today, some questions that folks might have. I am here with my lovely co-host Ashley Kehr. Ashley, what’s going on?
Ashley:
Hello, Tony Robinson. Before we do any small talk today, getting into the episode, I want to read the question that I have chosen for this Rookie Reply, because I feel like you will have some comments based off of this person’s message to me. So, this message is from Daniel O’Neil. He sent it to me on Instagram and he says, “Episode 126, Movie Quotes. Princess Bride is always good. Emperor’s New Groove, wrong lever. Not much of a movie person but growing up quoting Tommy Boy, so you always make me laugh when you throw one in there. For your brother, I’d recommend civil or architectural engineer. I work in civil and electric, but civil is really handy for anything outside the building, water, sewer, grading,…