Best website for Rental estimate ?

Question

Hello Folks,

Which website is best for getting rental estimate for any property? Thanks.

Wale Lawal · Answer

Hi @Syed Naqvi,

Use Rentometer.com or BP Insight to have an idea of what the property will rent for.

If you don’t have access to either then use 90% of whatever Zillow Rent Estimate is for example, if Zillow says it will rent for $2000, then 0.9x$2000 = $1800 will be the most likely rent.

That been said, the best comparable is the one you get from an Agent because they have MLS access with a lot of data that will provide you the best result.

Goodluck

Jordan Fulmer · Answer

You could also check out Rentometer.com. It allows you to run a report on houses recently listed for rent within a certain radius of your property. It's hit or miss based on the area though. Sometimes they just don't have enough data.

You can give it a shot though. I'm pretty sure they give you 10 free pro reports as a trial.

Syed Naqvi · Answer

Thanks @Andrew Freed

Bruce Woodruff · Answer

Zillow and those kind of sites have a rental section. Sometimes they are accurate. Find a good Realtor that knows the local rental prices, they'll be more accurate. And also check the papers, Craigslist, wherever renters would look, and see what houses are going for.......That'll get you close, but there are no foolproof methods...

Andrew Freed · Answer

@Syed Naqvi - Best case have someone you know who is an agent pull a list from the MLS of recently rented properties within 0.5 miles of your property (the closer the better), leased within the past 3 months, and similar bed / bath count and condition. Also take into account parking. That’ll give you a good idea of rents in the area. I’d combine that with rentometer and BP insights but MLS recently rented data is by far the best resource.

Brendon Pishny · Answer

@Bud Gaffney

Do you have a paid account? I find that for free you can only run a few searches.

Syed Naqvi · Answer

Thank you guys !

Bud Gaffney · Answer

@Syed Naqvi I use Rentometer. Works good!

Best website for Rental estimate ?

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