Need AI program for local rents In area

[Nicholas Lovric]

I’m looking for an AI program that specializes in local markets to make sure I’m setting markets rents appropriately. Anyone have any suggestions?

[Nathan Gesner]

Quote from @Nicholas Lovric:

I’m looking for an AI program that specializes in local markets to make sure I’m setting markets rents appropriately. Anyone have any suggestions?

Be careful. AI can do a lot of things well, but it can't handle subjective information. Those algorithms compare homes based on general location, size, # of beds/baths, age, etc. However, they can't measure the overall layout, the countertops, the view out the front window, the creepy neighbor with six dogs in the back yard, and many other subjective things.

Use AI to measure a general market or community. Do your own research to determine the value of a specific home. Study various websites like Zillow, realtor.com, apartments.com, Facebook, etc. If you have time, go visit some of the homes and secret-shop them to see how they compare to yours.

I recommend looking at the market at least once a month for the rest of your life to keep an eye on things.