All Forum Posts by: Kieran Jagadeesh

Thank you all for the feedback. A lot of good insight here. 

Hello BP crew,

I am wondering how you guys go about finding rental comps. In a perfect world, I could look at what is currently being rented and figure out an accurate range, but I cannot seem to find that information anywhere.

As of right now I just look at the current rentals listed and dig into the # of days listed / # of applications to gauge interest at that price. However, this strategy falls apart when there are not many listings.


Also, how do you gain insight into the demand for rentals in an area to determine if the market is oversaturated? My first thought was # of listings, but in a big city there are a million listings but still strong demand at times. I'm sure one phone call to a property manager would clear up these questions, but I would rather consult strangers (for now) on the internet.

Thanks all!

I appreciate the quick responses!

@Nate Sanow

 Haha! I'm an engineer at heart, so I find numbers and charts a little too interesting...

@Paul De Luca @Michael Dumler

Good to know what agents use. I'll see if my realtor can provide a connection to all the fun data.

I'm wondering what websites or sources you guys use to learn about the latest trends in your local market. I would love to find data charted over the last few months such as median home price, days on market, and number of listings vs home sales. I live in the north suburbs of Chicago, IL, so looking for a good source to check in a few times a month and see how the market is shifting. What do you guys use?