This is an interesting Web site, whether you’re a renter or if you have rental property. I live in a two family house and I have rented it out before, but I was curious to find out if I decided to rent it out again, what others in my area were renting for. And well, this site told me just that!
All you need to do is put in the address of the rental property, how much you pay for it (or in my case, how much I charge), how many bedrooms there are and how many units there are. When you’re finished, click the Analyze My Property button.
I found out I was really undercharging in comparison to other people who were renting space in my area. It showed me the results in two ways. You get to see a graph that shows rent on a scale from $0 to $1,200 and the meter is separated into three major categories: low, medium and high.
You also get to see a Google map that is already bulleted to display other homes in your immediate area that are rental properties. You can zoom in and out with the slider, + and – navigation in the top right corner of the map.
You also have the option of putting this information on your Web site. To do so, just click the Put Rentometer Data on Your Site link and you’ll be taken to the code you need. Or, you can send it to your favorite Web service, such as Yahoo!, Spurl, Technorati, Maple, Ma.gnolia, Furl, Digg and more.
So, whether you’re looking to rent or to rent out, this site can come in very handy! I don’t think I’ll be renting out again any time soon, but this is good information to have on hand. Check it out today!