The Importance of Rental Comps in Real Estate

Knowing how to find comps and accurately assess them will directly impact whether you're able to achieve profitable rental deals. You'll be looking at many of the same features and factors for rentals as sales comps. There can be a huge difference between asking rents and actual rents. The market, a k a renters, will always let you know whether a property is priced too high. Pay attention to the number of rentals on the market. If there are too an landlords are going to have to fight hard for any tenants and may have to make concessions.