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Updated over 4 years ago on . Most recent reply
Best Place to Find Rents for BP Calculators
Hello everyone,
I'm starting to analyze listings in my local area, specifically multi-family buy-and-hold rental properties. I'm getting pretty familiar with how to work the BP calculators, unfortunately I continue to run into the issue of how much rent would be per unit. I live in central Wisconsin so when I try using rent-o=meter the address I'm searching for doesn't always populate, as there aren't enough rentals around my searched address! Does anyone have another website they tend to utilize for their calculations? Or is there another technique I could utilize to estimate the rent?
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I like to use rentometer.com but you have to look at where they pulled the data from. Sometimes they will pull data from a different neighborhood, and then you have to recalculate the averages to get a number that you can use. It works everywhere in the US where there are enough rental units to have a decent data set