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Old 08-29-2011, 05:49 PM
 
46 posts, read 38,453 times
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Default How long would you guys think it would take to rent out a 1406 Sq Ft home In Centinnenal Hills

Will be renting it out for 1100. How long to find renters?? Is this price too much or too little?

Thanks
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Old 08-29-2011, 07:35 PM
 
776 posts, read 889,448 times
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I live in CH. The house across the street from mine is 1800sqft, and was listed for $1400/mo. The "For Rent" sign was out for about 3 weeks before it got rented. Not sure if it rented for the full $1400 or not, though, but I imagine it was close since it only took 3 weeks.
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Old 08-29-2011, 07:48 PM
 
Location: Here and there, you decide.
9,317 posts, read 13,862,487 times
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price is too high for 1400sf unless it has a pool... you are closer to the 900 range... and how big is your backyard.. if it's 8 feet till you hit a wall, that may pose a problem... kids need a play area... plus look at it this way.....

list it for 1100... wait 3 months or so to rent
or
list it for 900 wait 3 days.... and you don't lose 3300. off the top
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Old 08-29-2011, 08:37 PM
 
46 posts, read 38,453 times
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Quote:
Originally Posted by airics View Post
price is too high for 1400sf unless it has a pool... you are closer to the 900 range... and how big is your backyard.. if it's 8 feet till you hit a wall, that may pose a problem... kids need a play area... plus look at it this way.....

list it for 1100... wait 3 months or so to rent
or
list it for 900 wait 3 days.... and you don't lose 3300. off the top
Thanks for the input. A little shocked that the most I can get for the house is 900 a month.
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Old 08-29-2011, 09:01 PM
 
Location: Here and there, you decide.
9,317 posts, read 13,862,487 times
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never said that the most you can get is 900.....you might find someone to pay you the 1100, but how long will it take?
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Old 08-30-2011, 01:12 AM
 
Location: Las Vegas / GV
508 posts, read 522,847 times
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I dont know I am in a different area but mine is 2100 sq feet and i got $1300 a month and it took 3 days to find a renter...
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Old 08-30-2011, 01:21 AM
 
Location: Green Valley
386 posts, read 255,292 times
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I am a renter here in Henderson and my neighborhood is about half and half renters vs owners.. I own a home in Costa Rica which I rent out below market value but to excellent tenants. I think it is way better to find quality renters then to worry about an extra $100 or so per month. Find someone who is willing to go long term and treat it as their own. Probably easier said then done. I think it also depends on are you going to be a long distance landlord or can you keep an eye on the place.
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Old 08-30-2011, 12:37 PM
 
592 posts, read 475,433 times
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Look up BAH rates for E5 and E6 with and without dependents and that will give you an idea of if you rent is too high or low for the area. Target your property towards Nellis AFB employees and you will almost never be without a tenant.
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Old 08-30-2011, 01:45 PM
 
166 posts, read 167,462 times
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You might want to check out zillow for rentals in the area. Also check rentals.com for homes in the same zip code. Good luck!
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Old 08-30-2011, 03:00 PM
 
Location: NW Las Vegas - Lone Mountain
15,758 posts, read 19,193,132 times
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Quote:
Originally Posted by kcoliver View Post
You might want to check out zillow for rentals in the area. Also check rentals.com for homes in the same zip code. Good luck!
Interestingly enough Days on Market in that area goes down with higher rent.

Rent it for $1050 or so. Mean time to rent is 31 days median is 24. So better than 50/50 it will rent in well less than a month.

If it has not rented in 30 days take it down $50. and again in another 30.
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