Updated almost 7 years ago on . Most recent reply
How to calculate rental price on a property?
Hi Everyone,
I'm currently reviewing and analyzing random properties I am finding on Zillow and Trulia. I’m trying to get comfortable with running the numbers/analyzing deals (among other things) before making my first purchase. 1 thing I am running in to is trying to figure out the rental amount on properties I am finding for sale. I have tried using rentometer.com but, the estimate it gives me seems to always be too low. I am familiar with the areas I am analyzing these properties and know for a fact that rentometer.com is too low (or maybe I am doing something wrong). Any tips or tricks on how to get an accurate (or close) number to what the rental value of a property really is?