After checking rental comps on Rentometer.com I've decided to stop using that service. Their data seems stagnant (at least for 3 of 5 of our properties.) I'm going to now instead use Zillow.com and Craigslist.com to check rental comps.
Here's the Zillow :
Here is Craigslist :
|A : 3 bed house||31||$2,000||$1,300|
|B : 3 bed house||59||$1,450||$900|
|C : 1 bed apt||87||$620||$525|
|D: 1 bed apt||171||$700||$495|
|E : 3 bed house||33||$2,200||$1,500|
This is the first time I'm checking rental comp from these sources so theres no previous data to run comparisons on.
For Zillow I just check the Rent Zestimate figure for the single family homes.
Checking comps on Craigslist is much more involved. I have to pull up the housing search, center the property and search for the number of bedrooms. Then I also limit it to similar style properties (houses vs apartments) and designate if we do or don't take pets. Then I have to do a little trial and error to see where the median and bottom 10% rent levels fall. I look at the total number of properties for rent and then find the price level below which 50% and 10% of the listings fall. For example if there are 59 units then I try and find the price point where ~30 are above and blow for median and then about 6 units are below for the bottom 10%.