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Updated about 2 months ago, 10/29/2024
Determining accurate rent projections for deal analysis...
Hi all, I'm relatively new to real estate investing and I'm struggling with determining accurate market rents in larger markets, like Pittsburgh. I've looked at tools like Rentometer and Zillow, but the rent estimates are all over the place. I've also checked MLS listings and Facebook Marketplace, but there still seems to be a ton of variability in rent prices. How do you confidently project rents when evaluating deals in these types of markets? Are there specific tools or methods you rely on to get more accurate estimates? Any advice would be appreciated!