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Updated 15 days ago on . Most recent reply

User Stats

13
Posts
4
Votes
David Lewis
  • Investor
  • Melrose, MA
4
Votes |
13
Posts

How are you forecasting rent potential?

David Lewis
  • Investor
  • Melrose, MA
Posted

Maybe a basic question but how are you all figuring out what a unit could rent for?

As simple as looking at Zillow, Apartments.com, etc. and looking for comparable units for rent in the same neighborhood? My only concern with this approach is that I’ll find units FOR rent vs those that are under lease. 

Are there more sophisticated tools/techniques out there I should be using? 

Most Popular Reply

User Stats

315
Posts
272
Votes
Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
272
Votes |
315
Posts
Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
Replied

Getting your agent to pull a list from the MLS would be the most accurate way. However, if all else fails I have found rentcast.io to be fairly accurate. It's free too which is nice. 

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