Here’s the latest and greatest on average rental prices in Reno/Sparks. This month we’re going to show you a comparison on neighboring areas.
We’re seeing a bit of volatility, however, rental rates are still favorable and still higher than 2020 or 2021.
If you’re new to real estate rental investing, be sure to connect with our newest blog/newsletter: “Becoming a Rental Investor“. We just released our first blog and there will be many more to come!
Websites
www.zumper.com – This website will give you the average rental prices in an area by # of bedrooms. It’s a pretty cool website. You enter the area on the search bar. Click on a property in the area you’re investing in, slide down the left side of the page and a chart will appear that shows you the average rental price by # of bedrooms for that area. Remember to click on the # of bedrooms to get the current average rental price as well as historical data.
www.biggerpockets.com – Bigger Pockets is the largest and most visited real estate investment website. There are several different levels of membership. I would start with the free entry level and get what you can from that level. Keep in mind that they speak to a very large audience across the US and internationally so what fits for some may not fit for us in Reno. However, the resources are almost endless and lots of people on the blogs and forums want to help each other.
www.hotpads.com – If you’re an investor that wants to manage your own properties (not use a property management company), you’ll want to add this website to your list of resources. This website is for owners to advertise their rental properties directly to the public. You can also advertise on other website too, this one is exclusively for direct connections between the owners and potential tenants. BTW -Property Management Companies usually charge between 8-12% of the rent every month.
Books & Audible.com
