What are the best methods to accurately determine rental comps for my property?

Accurately determining rental comps for your property involves understanding the local market, utilizing online tools, engaging with real estate professionals, and adjusting for unique property features. Start by analyzing recent rental listings using platforms like Zillow and Rentometer to gather data on similar properties in your area.

Next, assess how long similar units are in the market to gauge pricing competitiveness. Don't forget to network with local agents and attend real estate events for insider insights on current rental trends. By creating a robust market analysis based on achievable comps, you can set a rental price that reflects your property’s true value, leading to better tenant acquisition and financial returns.