Estimating monthly rent

[Derek Semmler]

Hi all, looking to buy my first investment property this year, and I have been practicing my deal analysis on a daily basis. One area that I think I need to improve upon is estimating the monthly rent for a potential property. Thus far I have used the limited free searches on Rentometer as well as looking up rentals on Zillow to see what the market currently looks like in that area. I am sure that there are better tools or methods in doing this, and therefore would love to hear how others are coming up with their rent estimates when evaluating properties.

[J Zev J.]

BiggerPockets has a tool now for estimating rents. It might only be for pro members - I'm not sure. You could also look at comps on apartments.com or similar websites.