Analysis of Property for Market Rents

One of the main reasons landlords come to me is because they want to know what their units are worth TODAY. The rental market is a living, breathing being that is constantly in flux. When COVID-19 hit, rents dropped about $700/month on average between Somerville and Cambridge. Then a recovery took place and rents shot up about $700/month.

Every year things change:

• The market starts earlier or later. 

• Renter demands increase or decrease. 

• Units generate more interest or less. 

• Rental prices go up or down. 

• Days on market go up or down. 

Many landlords work with me because I am on the ground and I see what is happening everyday. Did that 2-bed/1-bath apartment in Central Square rent in a day whereas a year ago it rented in 3 weeks? Did it have 5x the level of interest compared to a year ago? I see the shifts before they tend to show up in the newspaper or on your newsfeed. And I will tell you what I’m seeing so you can put together accurate rental numbers for your units.

You can try to do it yourself with Zillow, but you’re likely going to be off by a few hundred dollars at least. And if you’re off by a few hundred dollars and own multiple units, that can add up!

If you’re looking for a FREE rental analysis for your property, ping me and let’s chat!