Running Compositions for Rent

[Jon Delarosa]

Hello,

Trying to runs some comps on comparable properties to figure out what I should rent out my primary residence for. I’ve done Zillow, filtered it based on Bathroom/bedroom size, home type, etc.

I’ve found a few but in the event where houses for rent don’t show up (due to time of posting ?)

1) are you able to see what surrounding properties DID rent out for and are now not listed?

2) If not, is there another way to run the comps on a similar site? Not trying to use a realtor but an open to it if that’s the last resort

Thanks

[Nicholas L.]

@Jon Delarosa

are you going to self manage or hire a PM?  if you're hiring a PM - let them handle it for you

or, go to a REIA meeting, make friends with a realtor, and ask them to run a CMA for you

or - look for other active rentals on a whole bunch of different sites and see what others are listed for

[Jon Delarosa]

@Nicholas L.

I’ll be hiring a PM so that’s good to know.

Will look at the other options. Thanks for the insight

[Crystal Smith]

Quote from @Jon Delarosa:

Hello,

Trying to runs some comps on comparable properties to figure out what I should rent out my primary residence for. I’ve done Zillow, filtered it based on Bathroom/bedroom size, home type, etc.

I’ve found a few but in the event where houses for rent don’t show up (due to time of posting ?)

1) are you able to see what surrounding properties DID rent out for and are now not listed?

2) If not, is there another way to run the comps on a similar site? Not trying to use a realtor but an open to it if that’s the last resort

Thanks

Try the following:

1. Bigger Pockets- There's a rent estimator tool on Bigger Pockets under tools. You may have to upgrade your membership to use it.

2. Avail- There's a rental analysis tool on Avail.  I've never used it before.  They are however providing discounts to Bigger Pockets members

3. Rentometer- I believe you can use it for free for a certain number of requests after which they have to make some $.

4. You can also go to sites like apartment.com or turbotenant and pretend you are looking for a home in your area to see what the competition is charging

5. Hire a realtor and pay them to provide you with recently sold rental comparables.