State Specific Question About: COLORADO (CO)

Hi, looking at renting my home in Highlands Ranch. 3 br (plus bonus room)/3.5 baths/1800 sq/ft, AC, hardwoods. Thinking of asking 1750.00/month. Any advice or thoughts on price and/or market?

Thanks

My best advice is to check Craigslist and your local paper's classified section.

What I would do is check Craigs List to see how you stack up with the competition. I would say it seems a little high although I am only vaguely familiar with the HR rental market. I would say $1500 unless it has high end finishes and is fairly new or recently redone. That is a guess so check Craigslist. Rents dot com is also a place to check for comparable units.

Tough time of year to rent a single family home.

Have you ever done this before? Have you read any books on being a landlord? Why are you renting it out? Can't sell?

You might want to consider at least interviewing some property managers to help findout what you don't know.

I just previewed rentometer. For the area I know it is useless. It considers areas that at not similar and does not factor in amenities. The range is so broad that it was not helpful. In addition there is no way to verify the accuracy of data. Nothing to keep folks from logging in and skewing the data for fun or profit.

Do your own research. You might also drive your neighborhood and see how many signs are out and call them for price. Be sure to ask how long they have been trying to rent at that price.