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Updated 5 months ago,
Accurate platform for rental comp pricing
We have been using Rentometer for many years and have enjoyed the statistical analysis that helps us to determine where we should price our rentals when we go to market. We also look at current listings to strategically price. In 2023, we found that we had to discount the pricing 5% from the Rentometer results because a lot of our rentals needed to come down in price before they rented. This year, it seems we need to come down 10%. I am wondering if this is a reflection of a shift in our rental market or if others out there are finding the data is skewed high on that platform.
Also, what other platforms are people using for rental price comparisons and have you found them useful/accurate to help you rent your home in a reasonable amount of time?
- Scott Bloom