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These websites WONT help you estimate rents for your property

So many people don't realize this and are using these algorithms for predicting rent rates for their rentals and investment properties. Be careful! You'd be surprised the % swing they have.

  • PublishedDecember 17, 2023
  • Text layerFull captions
  • Read time1 min read
  • Runtime0:57
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Source: YouTube captions (EN).

So many people don't realize this and are using these algorithms for predicting rent rates for their rentals and investment properties.

You'd be surprised the % swing they have.

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So many people don't realize this and are using these algorithms for predicting rent rates for their rentals and investment properties. Be careful! You'd be surprised the % swing they have.

So many people don't realize this and are using these algorithms for predicting rent rates for their rentals and investment properties.

Be careful! You'd be surprised the % swing they have.

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  • So many people don't realize this and are using these algorithms for predicting rent rates for their rentals and investment properties.
  • You'd be surprised the % swing they have.

This page keeps the video searchable on-site, with a direct YouTube source at youtube.com/watch?v=Y8CZFNKDfa8.

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Source: YouTube captions (EN).

Caption transcript. This text is pulled from YouTube captions and may contain minor wording errors.

[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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How do I buy and sell at the same time?

It is a juggling act, but it is doable with the right plan. The key is timing your sale and purchase so you are not stuck paying two mortgages or left without a place to live.

Sometimes that means listing your current home first with a flexible closing date. Other times it means making the purchase contingent on selling your current home. There are also options like rent-backs, short-term rentals, or using equity to bridge the gap. I walk clients through each scenario and the numbers behind it.

How far in advance should I plan if I am relocating to Tampa Bay?

Ideally, start planning three to six months in advance. That gives you time to research neighborhoods, get pre-approved for financing, schedule home tours, and arrange moving logistics.

If you are selling a home in another state, I can coordinate with your local agent so the timing is more controlled and you are not stuck in limbo between closings.

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Most closings in the Tampa Bay area take 30 to 45 days from contract to keys in hand. Cash deals can close in under two weeks, while VA, FHA, and conventional loans often take closer to 45 days.

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