Saturday, February 15, 2014

The New Landlord: Rent Metrics Rental Comps

The New Landlord:  Easy tool to value rental rates
Quick glance, free website to evaluate overall rental prices.

I discovered this awesome website, Rent Metrics, which provides free, basic rental comparable information for homes all across the United States. 

If you are an investor evaluating investment real estate properties, you will enjoy how easily it is to determine an overall rental rates for areas with three easy steps using this tool.

1.  Simply visit the Rent Metrics website http:///www.rentmetrics.com
2.  Type in an address
3.  Choose the number of bedrooms

Instantly, a comprehensive report generates with average estimated monthly rental rates. Rent Metrics offers several valuable metrics including:
  • Average rental rate with low and high rental ranges
  • Average price per square footage
My favorite features is the Rent Metrics map which shows detailed data including addresses and rental rates of recently rented homes and apartments in the area.

Rent Metrics Sample Screen Shot~

I must say, Zillow also has a feature like this, but I find the average rental rates on Rent Metrics more accurate than those posted on Zillow's Zestimate.

Pensacola Property Management and Rental Market Experts
Many times, investors want to know the average rental rates of potential homes prior to writing offers.   This is a great tool to provide just that.  However, if you are looking for a more concrete evaluation of the Pensacola rental market, make sure you let our professional local realtors help you determine the fair market rental value of your home.

Pensacola Rental Market Experts! Pensacola Property Management~
Pensacola Rental Market Experts! Pensacola Property Management~

Realty Masters professionally manages over 700 rental homes and apartments in the Pensacola area. If you are looking for a Pensacola Property Manager who will work hard to monitor and improve your investment property, please give us a chance to earn your business. 

Allow us to provide you this free service, Rental Price Evaluatorto determine the fair market rental value of your Pensacola property's current market rental rate. 

One of our brokers will evaluate your Pensacola area property based on the information you provide, the tax rolls, and the multiple listing service.  We will be happy to email you a comprehensive market anaylsis on your rental property as soon as possible at no charge to you!  Please make sure to include any improvements your home may have.

This is the sixth article of our new blog series "The New Landlord: Tips & Tricks for the Profitable Landlord."  Make sure to follow our blog for more advice on how to be an effective landlord!  
Do you have any questions for us? Feel free to ask us your Pensacola Property Management Questions!  Email them to Nicoles@PensacolaRealtyMasters.com or give our office a call at (850) 473-3983.

Thanks and have a great day,
Nicole St. Aubin, Broker Associate
Realty Masters of FL~ #1 in Pensacola Rental Homes!

Nicoles@PensacolaRealtyMasters.com
4400 Bayou Blvd. #58B, Pensacola, FL 32503
Call us at (850) 473-3983
Over 45 Pensacola Rental Homes at www.PensacolaRealtyMasters.com
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