Newbie in Rochester NY

[Luke Hine]

Just getting into the game, getting my financing in order and starting to analyze some deals. I was wondering what, if any, online tools people are using to know what units are renting for in a certain area. And if there is something, should that rental price always be what you use when analyzing a deal, or should you always ask the seller/listing agent what the units are renting for?

[Mark Updegraff]

rentometer dot com is a good place to start though rents won't be 100% accurate in transitional areas or if you have a great product.  Rentals are a market, much like real estate sales.  The exact price will depend on a lot of factors.  Lease date, amenities, walk ability, distance to employers, condition, neighbors, neighborhood, etc.