Video - General / Investor

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
  • Runtime1:00

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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.

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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.

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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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