Web 2.0 + Rental Property Management = RentYield.com

9 Responses

Comments

1. howard September 3rd, 2006 at 6:13 am 1

   i wouldn’t say rentyield is just trying to ride the web 2.0 wave. their product is very simple and nice and good starting point for some investors and landlords. remember different levels of investors/landlords need different types of solutions.

   well that is when you are wrong, sharing info doesn’t me letting others see your financial

   it could simply mean:
   1. where does your property rank in profitability
   2. how much on average are others getting comparing to your property

   rentyield would not compromise any ones security or privacy.

2. Joshua Dorkin September 3rd, 2006 at 1:01 pm 2

   Do you work for the company? It sounds like you have the inside scoop here. So . . . ?

   I agree that the product is simple and nice, and is a good starting place for some landlords. I don’t debate that.

   Ranking properties in terms of profitability is still a bad idea and no one’s buisiness, IMO. It breeds a feeling that people are competing with one another, when they are not.

   Considering your point is that this site is for “different levels of landlords”, people need to worry about their own finances, not other peoples.

   People are so obsessed with what they have compared to other people that they spend huge percentages of their incomes on homes and cars that they can’t afford. If people would stop breeding and reinforcing the idea that you need to compete with others, a lot of people would be better off.

3. howard September 3rd, 2006 at 4:22 pm 3

   i hear ya, i do have some inside relation with the company.

   but i do understand your point.

   but personally i find the community statistic usefull. As a investor i would like to see how much others charge and how well my property is doing comparing to others.

   i doubt rentyield will do it in a way that will compromise security or privacy.

   you can easily just provide something like

   “Your property is in the 95th percentile in terms of profitability comparing to property of the same type in similar locations”

   i don’t see how that will do any harm. i as a investor would love to see that.

4. Joshua Dorkin September 3rd, 2006 at 4:26 pm 4

   Hey Howard. If they go the way you suggest:

   “Your property is in the 95th percentile in terms of profitability comparing to property of the same type in similar locations”

   I wouldn’t have any issues or problems.

5. Grant September 3rd, 2006 at 6:29 pm 5

   I agree with Josh.

   I’d like to see a list of average rents in the area I’m in. Maybe a who pays for what type of thing.

   For instance:

   Do you pay utilities for your tenants?
   Do you have them mow grass and take care of weeds/flowers?
   Do you provide a washer and dryer?

   This type of stuff can have an affect on the rent in a certain area.

   My rental is close to a college campus, so I can have higher rent for my area based on the proximity of my house to the school. I also provide a washer and dryer, since most students coming out of the dorms don’t have either one. Additionally, the tenants are responsible for mowing the grass. Each one of these traits has an affect on how much I can charge for rent.

   Rentyield is a nice idea, but it doesn’t offer much more than I can do in a spreadsheet.

   -Grant
   TheCornerOfficeBlog.com

6. Melisa January 12th, 2007 at 8:53 pm 6

   I have to ask, as a developer of online rental software - what would prompt you to join? We’re just starting our system, but I’d love to hear more landlords/property managers’ opinion on what makes it worth while to you.

7. The Competitor March 20th, 2007 at 3:42 pm 7

   WATCH OUT!!! There will be an application hitting the marketplace that will blow Rent Yield and their 2.0/AJAX configuraton out of the water. This new application will provide services and features that will make managing your own properties that much easier, and will be easy enough for the begining investor but powerful enough for the astute investor. By using rich internet applications, the possibilities with this product are approaching “limitless”!!
   Stay Tuned!!!!!

8. skinners1 August 27th, 2007 at 5:10 pm 8

   “The Competitor” do you have a name for this other software you are talking about?

9. Renttropolis October 9th, 2007 at 5:16 am 9

   As for comparing rent within your area I have found this tool to be very useful with the area that I have investment properties.

   http://www.rentometer.com/

   I me know how this rate with your area.

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