Learn how to search for long-term rental properties in Privy by applying filters, analyzing rental opportunities, and identifying high-performing buy-and-hold investments. Follow the steps below and the video tutorial for a quick walkthrough.
Step-by-Step Guide to Searching for Long-Term Rentals
Navigate to the Filter Tab
Log in to Privy and go to the Filter button on the top navigation menu.
Select the Long-Term Rentals button under MLS Deals
Set Your Search Criteria for Long-Term Rentals
Customize your search filters to target long-term rental opportunities:
Location: Select specific cities, zip codes, or draw custom areas on the map.
Property Type: Choose single-family homes, multi-family properties, or other relevant options.
Price Range: Set your desired minimum and maximum purchase price.
Rental Metrics: Look for properties with strong long-term rental potential using filters like estimated rent or cap rate.
Run Your Search
Once your criteria are set, click Run Search to generate a list of long-term rental opportunities that match your filters.
Analyze the Results
Review the property details and metrics to identify promising long-term rentals:
Rental Comparables: Evaluate nearby rental properties to estimate fair market rent.
Financial Metrics: Use Privy’s Long-Term Rental Calculator to assess cap rate, cash-on-cash return, and net cash flow.
Property Details: Check for key factors like lot size, square footage, and condition that impact rental performance.
Save Your Search
To easily access the results later, click Save Search and give it a clear name.
Turn on email deal alerts to be notified when new long-term rental properties match your saved search criteria.
Why Use Privy to Search for Long-Term Rentals?
Accurate Data: Access up-to-date rental comparables and market metrics.
Customizable Filters: Focus on the properties and metrics that matter most to you.
Save Time: Automate searches and receive alerts when new opportunities appear.
Data-Driven Decisions: Analyze cap rates, cash flow, and other key financial insights to identify profitable long-term rentals.