I got an email this weekend about a great little tool that I wanted to share with everyone. Rentometer
Just enter a property address, number of units in the building, and the current monthly rent, and Rentometer will show you where your price stands compared to others in the area. In addition, this Google mashup also shows comparable properties in the area on everyone’s favorite, Google maps.
This is a great tool for any landlord to have in their arsenal.
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Article Author: Joshua DorkinJoshua has written 570 articles for us.
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Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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{ 19 comments… read them below or add one }
Great idea. Thanks for sharing that link. Good luck with the wedding and if I can help in any way, don’t hesitate to ask.
Hey Derek. Thanks. I may take you up on your offer.
Nice, at last a use for the internet.
I’ll have to see if it works here in fly over land. You getting Married? if so congrats!
This looks like a really awesome website… but… i have one complaint. Why can’t the creators of these sites enable Canadian addresses?
I’d love something like this so I could compare rents in my area and make sure my rental properties are competetively priced! Please, please open this up to Canada in the near future…
NG
Thanks Teresa! Wedding is this weekend . . .
NLG – It would be nice if they could tackle Canada as well. Maybe your words will echo with the creators of this tool!
Hey, that was fun! It came up with several examples in the areas I checked out. Maybe I’ll start using that to help analyze different parts of the city. Quick and easy, but I did notice it may not be completely accurate.
It is definately a great little tool. I cannot completely vouch for the accuracy, but from what I saw it was fairly close.
Thanks Joshua. You rock!
We have many more free tools planned for release soon at both the rentometer and iiProperty. We will definitely open the rentometer up in Canada. We are listening ; ) thanks to everyone for the input…positive or otherwise -we really appreciate it.
Congratulations on your wedding! Married life is bliss!
Allison
Team iiProperty
Thanks Allison! It is wonderful that you’re listening to your consumer. Adding the Canadian market should be beneficial to you. Keep us posted with any new tools/updates.
Allison, your iiProperty software looks great too. I like the fact that you are out here engaging in the blog world, thanks for listening.
NLG
Nice tool! Thanks for sharing.
Hello everyone, I know I’m looking at a relatively old blog but I was wondering what the website was for this tool. Thanks a mil.
Mr. Lamas,
The link is on the post: rentometer.com
Great tool. Should shave hours off searches for affordable housing. Thanks for sharing.
That is a fantastic addition to Google maps, I wonder whether it can be used in the UK also?
This is some really great information and this seems like a great tool. I will have to try it out.
Thanks. I may take you up on your offer. and really it is a great information.
What a great tool and great to see it’s available in Canada too!
Great Post,
I wonder if there is any way to use this tool to predict future rents or to get info about how the rates are changing in the neighborhood. It would be useful to know what the rates are compared to recent months.