Best ways to find rental rates

4 Replies

Looking to find out what other resources you all use to determine rental rates in an area besides local MLS, zillow, etc? Appreciate the help!

@Jobey T.   for a fast and loose number I use finestexpert.com it is a free tool and gives useful comparable quickly.  Of course if a deal seems good enough it gets a deep analysis where you look at the rental sites it was listed on, how long the listings were on for, and how much it rented for as well as other compatibles in the area.

@Jobey T.  

  • Rentometer for automated valuations
  • Check current listings in HotPads, Craigslist, Oodle, newspapers -- if 5+ unit try Loopnet
  • Call For Rent signs you see in that area of town
  • Check out property management websites; they typically have all of their available units listed online
  • One way to get a baseline is to check Section 8 government website for the area
  • Have a realtor run rental comps for you
Originally posted by @Jobey T. :

Looking to find out what other resources you all use to determine rental rates in an area besides local MLS, zillow, etc? Appreciate the help!

MLS is actually a pretty poor resource. Most rentals are not handled on the MLS.

You'll want to check

  • Zillow
  • Trulia
  • HotPads
  • Craigslist
  • Facebook (specifically local for rent groups)

You can also call on some yard signs