Finding accurate potential rental information

[Agustin Conti]

HI everyone, I am not sure if this is the right forum to my question but I am having trouble finding accurate data for possible rentals (how much a property can be rented for). I am looking for a house in western NC, northeast GA or North West SC, an area that I know well from constant travel there and vacationing. I am in Florida and I already have a rental doing very well in WNC. but I find the information from both zillow and rentdata.com very off within each other and possibly with the market (I know at least how much I make on my rental! and is much more of what they said). Any tips to find this info. This bigger pocket website and forums seems a very good source of information but its very overwhelming at the same time. Thanks in advance. Agustin

[Mitch Davidson]

@Agustin Conti. I've had to do something similar to what @Jaron Walling described for my MTR in Asheville. When we started in 2018 there weren't even any MTR listings to compare to. Thus we listed it a little high with the plan to lower if needed. That's not too helpful for crunching numbers in the acquisition phase though. For LTR around here I think you can count on properties typically renting for what they're listed for (not so with MTR). And as @Scott Allen mentioned, Rentometer is pretty well-respected. If you see questionable figures in some rural spots I'm happy to give you some opinion on the locations. Many of our communities that have high STR income opportunities have quite the opposite opportunities for LTR (i.e., average income for full-time residents of our vacation spots is often quite low).