Rentrange vs Rentometer

[Brian Chen]

Hi all,

I have heard a lot about Rentometer and I use it myself.  However, I recently went to a property manager with a few properties and the rent estimate came back way under.  The tool they used to get their estimate was rentrange.com.  This was a fairly large PM company and they seem to trust the tool over rentometer or zillow.

Does anyone here have any experience with rentrange and is it that much more accurate then rentometer?  I noticed it cost a lot more as well.  Does biggerpockets offer a discount to them?

Thanks!

[Jim Shonts]

@Brian Chen I use rentometer and rentrange nearly every day. Here is what i see as the difference. Rentrange uses data from large property management companies just like mine. So they used the actual rented data of these companies to compare what rentals should go for in your market. It is often much lower than rent O meter because rent O meter is pulling data from the advertised price, not the rented price. Since rent range is pulling from property managers the data is cleaner, because so many self managed property investors market their property way too expensive and they will never get that rent, it is just hopes and dreams. But on that note I do use about 4 different data sources for comp'ing the property's rental price estimate for my clients.