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These websites WONT help you estimate rents for your property

I compare online rent estimates with a property-specific rental review and point out mismatched comparisons in the tools.

Published · 0:58

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An estimate can look precise while relying on the wrong property type or incomplete details. Check comparable rentals before using the number to decide whether a purchase works.

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[00:00] so I was going through MLS today pulling up rental estimates for a client and I decided to look through hey what is Zillow in Bigger Pockets and whatever like what do they have as the rental estimates so I decided to look and let me let me show you it's pretty egregious uh on Bigger Pockets we have number one

[00:13] no square footage uh which is like what and then we have median rent not the actual what they estimate but they're confident that the median is 2345 we have also Airbnb uh properties here in the comps like what and then we have Zillow $21.99 and remember this is a long-term

[00:29] rent 21.99 all right that's a little more accurate but uh no data provided here's a rentometer uh 2430 23 nobody thinks their properties in the 25th or 75th percentile so they're using these for the most part to average I don't have the paid plan anymore let me tell you if you are looking for a

[00:46] conservative number how much does even $99 a month make a difference for you I would put this property at 250 to 21100 a month so even zilla's off pretty far and that could ruin your numbers

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