Thoughts on Rentometer?

[Tim Donovan]

Thoughts in Rentometer?

[Peter Korty]

Hi @Tim Donovan,

IMHO, Rentometer isn't the best source for estimating rent rates. It seems to me that it tends to give me an average rent of the entire city instead of a particular neighborhood. I personally use Craigslist to get a general idea of the rental rates in property's vicinity. I can also look at the posting date to determine how long it has been vacant and use that information to determine if the rent is too low or too high. That way my rent is about in the right spot.

I haven't bought my first rental property yet though, so you may take my suggested opinion with grain of salt.