I want to introduce several resources where a real estate investor or property owner can determine what rent you can charge for your investment property. The three most popular websites available for this purpose are Zillow.com, Rentometer.com, and Craig's List .
Zillow is the most popular and respected so we will start there. Go to Zillow.com and put in the address of your property and then click "search". Click on the word "rent" or "Zestimate", both will give you rent estimates. The word Zestimate (rent estimate by Zillow) should pop up with the rental amount and the range Zillow thinks the property may rent for.
We know Zillow is not perfect. Zillow uses computer models and they are basing their rent Zestimate upon averages in the area that have similar characteristics of your property, ie square footage, similar number of beds, bathrooms, etc. Again, no computer model will be perfect … Read More