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Real Estate Find out rents in an area

Discussion in 'Real Estate Investing' started by tchandy, Nov 5, 2007.

  1. tchandy
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    tchandy Contributor Read Millionaire Fastlane

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    I was looking through another website and located this site that shows the rent of other homes in an area. Enjoy!

    http://www.rentometer.com/

    Tom
     
    reipro and phlgirl like this.
  2. SnyCorp
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    SnyCorp New Contributor

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    Great little site..Thanks
     
  3. phlgirl
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    phlgirl Bronze Contributor Read Millionaire Fastlane

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    Very cool. I will have to do some testing, to see how accurate the information is (at least for the areas, in which I have knowledge) but that is a neat tool. Great concept.

    Thanks for the link!
     
  4. Yankees338
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    Yankees338 Bronze Contributor

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    I've used this briefly just for some quick little searches. It's a great handy little tool. The only drawback is that it is the median of the ASKING prices for rents on properties, not necessarily what they actually rent for. I'd assume they still give a pretty good idea of the area though.
     
  5. NoMoneyDown
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    NoMoneyDown Contributor Read Millionaire Fastlane

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    That's an awesome tool. I did a quick check of some of my properties, and the only qualm I have is that the search radius is a little wide. It showed one of my properties being about $150 less per month than average, but when I checked properties in the same subdivision and a subdivision right next door, it was actually about $50 higher than average. Still, it's a nice tool.
     
  6. traderjphx
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    traderjphx New Contributor

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    Great tool, thanks for the find. I checked my properties and I came in just under the median. I usually price them ljust below to get them filled faster.
     
  7. reipro
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    reipro Contributor

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    I have checked all of ours and they are right on the money! thanks for the info

    rep++
     

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