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Updated almost 5 years ago on . Most recent reply
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Accurate Rental Comps for Smaller Properties?
Potential first-time REI in the San Francisco bay area. Rental rates here tend to vary sharply between neighborhoods and change rapidly (especially these days). Sites like Zillow seem to compare properties that aren't all that similar and their rent estimates seem inaccurate.
Does anyone have a solution to this problem? Has anyone had issues with accurately pricing rents? Services like Costar and YieldStar are geared towards much bigger properties than what I'm looking at.
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What I have found to work the best, even though it is more time consuming, is to set aside some time each week to look on Craigslist and document details for units that are similar to what you have or are considering purchasing.