Your thoughts on Rentometer

[Stacy Walker]

So it's going to be a few months before I do my first deal.  I've just been looking at things on the market and working the numbers as if I was going to buy for practice and to get the feel for it.  So that when I do make my first investment, it will be a good deal.

I have been using rentometer.com to estimate what I could get in rent for properties.  Does anyone have thoughts on rentometer?  Is it ok to use, is it horrible and I should stay away?  Is there a better way to get these numbers?

[Michael Noto]

@Stacy Walker First of all, welcome to BP!

As far as rentometer goes, I think the general consensus on the forums is that its accuracy depends on the specific market the subject property is in.

Where I am in Connecticut what works best is to research rental amounts not only through renotmeter, but also through Craigslist and Zillow/Postlets.  Looking on CL and Zillow/Postlets will give you something to compare the rentometer estimates to.