If you’re considering investing in real estate, you must have access to the most accurate data possible to ensure that you will be making money from your undertaking. It can be challenging to keep up with the ever-changing real estate industry, so investors seek out various platforms to assist them in making informed investment decisions.
Rather than keeping numerous spreadsheets and manually updating data regularly, there are investment property analysis websites that keep and update all of the data for everyone. These platforms assist investors in navigating the complex world of real estate data analytics.
We’ll look at a few sites like Rentometer in this article, and then we will see what the best Rentometer alternative in 2022 is.
Rentometer Review: What Is Rentometer?
Rentometer is a website that allows users to browse specific neighborhoods in order to calculate the average rent price for rental homes in that region. To use the platform, simply enter the home’s address, specific characteristics such as the number of bedrooms and bathrooms, and the monthly rent you are asking for or intend to offer the property for.
The search engine will compare your listing to other listings in the region. It helps to evaluate whether or not your listing price will be a strong competitor in the area compared to other listings.
One of the primary functions of the Rentometer for houses platform is providing a comparison of rental listing costs in different neighborhoods. It obtains the data with which they compare your rental property from unidentified websites or from user-generated reviews and polls. While some of the information may be correct, it may not be as dependable as information found on reputable rental property websites. That’s why we need to find the best Rentometer alternative in this article.
As for Rentometer cost, the platform is available in two plans: Free and Pro. The Free plan lets customers view the most basic information about rental listings, whereas the Pro version includes additional tools, such as the Rentometer property report and Rentometer rent analysis. Rentometer Pro costs between $60 and $150 per year, depending on the level of service you choose (basic or standard).
Related: Rental Comps: What Are They and Where Can I Find Them?
Rentometer Alternative: Our Top Picks
Rentometer is useful for obtaining basic real estate data. However, it may not provide you with what you’re looking for, or you may simply like to learn about other sites like Rentometer. The following are a few noteworthy examples and one best Rentometer alternative!
Zillow is an online platform for real estate and property marketing. It enables people to sell their properties on the platform immediately. Using the platform entails selling your home either through a Zillow Premier Agent or directly through a network that links millions of buyers worldwide.
Internet entrepreneur Rich Barton founded Zillow. He was determined to make a difference in the real estate market, which led him to locate its corporate headquarters in the core of Seattle’s Russell Investment Center. At the moment, the company is making a good impact on its customers, propelling it to the forefront of the real estate industry in the US.
Interested parties must meet specific requirements to accomplish the desired purpose of buying and selling property. Several rules and regulations must be followed or implemented while listing homes. It means that the site will accept listings for residential properties only. Sellers cannot advertise homes constructed as commercial real estate, which covers commercially zoned structures, vacation rentals, and part ownership properties. Before an auction may be listed, it must be confirmed via the auction-specific stream.
Syndicated listings must be updated directly from the source to ensure they appear on Zillow within the next day. You may always visit their listing feed for the most up-to-date information and stay informed about newly available properties. With Zillow, you can obtain any information regarding the value of your home.
The platform’s database comprises up to 110 million homes in the United States. You can use Zillow to purchase, sell, lease, renovate, finance, and engage in a variety of other real estate-related transactions.
Rent.com is a patented Rentometer alternative platform that links people to a property they’ll be happy to call home. Whether you’re looking for an apartment or a house, Rent.com carries a long history of verifying listings from reputable areas. They are committed to connecting individuals worldwide who are interested in renting a property.
Rent.com’s smartphone app is the most useful aspect of the platform; it is compatible with all Android and iOS smartphones. It serves as a stress-free way to quickly check each open listing within a given locality. All major credit and debit cards and bank transfers are accepted as modes of payment.
Individuals over the age of 18 are permitted to transact or contribute to Rent.com. The platform also offers a variety of off-campus housing options for students seeking a study-and-play atmosphere. So even if you’re a first-time renter in the neighborhood, Rent.com can help you prepare for a stress-free property hunt.
RentPath, LLC, operates Rent.com; they also run other real estate platforms, including Rentals.com, ApartmentGuide.com, and LiveLovely.com.
Trulia is another Rentometer alternative portal that provides services such as Real Estate Market Search, Houses for Sale, Houses for Rent, and other services to users. In addition, Buyer Guides, Seller Guides, and Renter Guides are also available for interested parties.
The company lists more than one million houses for sale on its platform, with more than 35 categories and custom keyword search options accessible. They also monitor neighborhoods and emphasize community details. The Zillow Group operates Trulia.
Related: How to Conduct Neighborhood Research Before Buying Rental Property
Another Rentometer alternative, Motovo, is a real estate marketplace that allows consumers to look for their perfect home or obtain information about the cost of their dream property. In addition, they employ agents ready to assist you in making your ideal home a reality. Since its beginning, they’ve been delivering a solid data pipeline based on its MLS relationship in over 49 states across the United States.
Established in 2003, Motovo is managed by Motovo, Inc. The platform currently attracts over 350,000 daily visitors who are looking for open houses, neighborhoods, comparable homes, and other information.
The company’s mission is to favorably impact the real estate sector through the use of cutting-edge client communication technologies, adaptive AI technology, market intelligence, and a dedicated team of salespeople and transaction planners. They take pride in more than 31,000 sold houses and 100 million home searches and are licensed to conduct business in all 50 US states.
Motovo’s smartphone app makes it simple to look for available properties. It’s a one-stop-shop software that offers a neighborhood tour, school information, market trends, real estate advice, and demographics data. To arrange a meeting with a real estate agent, simply open the app, and you will be provided with all necessary information. To become a registered member, you must be at least 18 years old.
As the best Rentometer alternative, Mashvisor is an Airbnb data analysis platform that assists real estate investors in identifying the best offers and ensuring a high return on investment. It is helpful in searching for both long- and short-term rentals, making it a handy tool for most investors. The program includes a wealth of precise market data and analytic capabilities that enable you to make sound investing decisions.
Among the services that Mashvisor subscribers enjoy are the following:
- Calculate the cash flow potential of investment properties
- Discover the best real estate investment strategy and new investment opportunities, especially those that are significantly undervalued
- Conduct an analysis of the performance of several markets
- Enhance the performance of your real estate portfolio and cash flow
Mashvisor provides information about the different types of investment properties, including Airbnb. Among the information that you may rely on are the following:
- Investment property research tools – Search Engine and Property Finder
- Rental analysis
- Neighborhood analysis
- Rental comparables and several reports
- Mortgage and finance calculator
The Mashvisor dashboard consolidates all your data in one accessible location, allowing you to focus on your business rather than on analytics. Many claim that when they use Mashvisor for their research needs, they can focus more on building their business!
The Mashvisor Investment Property Calculator tool assists investors in determining the profitability of their investment property. The Investment Property Calculator comprehensively examines an investment property and provides customers with dependable and precise real estate data analytics, including:
- Return on investment
- Positive cash flow
- Cap rate
- Cash on cash return
- Occupancy rate
- Rental income
All of the above factors assist investors in fine-tuning their calculations to ensure that their investment properties would be lucrative in the local market.
While Rentometer focuses exclusively on comparing rental listing costs, Mashvisor’s Real Estate Heatmap tool displays listing prices from different regions and the most profitable neighborhoods and locations. Hence, investors know precisely where to invest. In addition, the software allows investors to conduct a neighborhood analysis in order to focus on a lucrative location. As a result, Mashvisor’s heatmap tool is ideal for investors looking for an area to invest in that guarantees a high rate of return.
Related: 5 Steps to Conducting an Accurate Rental Market Analysis
So, what is the best Rentometer alternative for 2022? After our thorough research and review, the answer is Mashvisor! The company offers a wide variety of tools to satisfy the needs of real estate investors.
In comparison, Rentometer essentially provides a service for comparing listing prices. While it offers other options that fall under comparing rental listings, investors will still need to check other websites to get more investing tools and services.
Also, Mashvisor is very transparent about how it collects data for its analysis. Also, the company only uses data from reputable sources to inspire trust from potential real estate buyers and sellers. It enables investors to focus on their investments while keeping track of their data. Oh, and yes, Mashvisor is very easy to use and affordable!
Mashvisor is really direct with its clients. They inform consumers of the sources of the data used in their study. Investors can depend on the accuracy and reliability of the company’s data in order to make informed investing decisions.
Regarding all the Rentometer alternatives, Mashvisor is the only one that offers a lot of features at an affordable price. Its wide range of tools helps simplify the process for individuals interested in real estate investing.
With Mashvisor, you no longer need to conduct your own research – we do it all for you at an affordable price. Our platform gives you access to over 450,000 listings, and just 15 minutes of research can provide you with all the data you need to purchase your next house.
If you find Mashvisor is the right real estate investing platform for you and would like to access its tools, click here to sign up for a 7-day free trial, followed by a lifetime discount of 15%!