Rent Analysis - Zillow, Rentometer, Bigger Pockets
I am trying to decide where to start rents at for my first rental house. I checked Zillow, Rentometer, and the Bigger pockets calculator. The results are grossly different. If think it’s maybe closer to 1600-1700. Anyone have any experience with one being more accurate?
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Nathan Gesner
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Those are all computer algorithms that can't take specific details into consideration like paint color, flooring, countertops, room layout, quality of neighbors, and many other factors.
Use their numbers as a beginning analysis but then actually look at comparable rentals on the market and compare them to yours. If the situation permits, consider secret-shopping some of the rentals to get a good idea of how yours compares.
- Nathan Gesner
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