At the latest Real Estate Investment Network (REIN) meeting we were shown a very handy tool to confirm whether your rents are inline with the other nearby properties. If you are currently a rental property owner or a tenant wondering if your rent is in line, you will love this tool.
All you need to do is plug in an address, city, state or province and zip or postal code, current rent, number of bedrooms and type of building and back come comparisons so you know whether your rent is above market, below market, or right in line.
The link is http://www.rentometer.com/ Let me know what you think about it. Be patient with it right now as there are 2500 plus REIN members who just found out about it and the server seems to be a bit taxed right now and slower than usual!
