Another free tool to offer your investors

By
Real Estate Agent with Keller Williams Realty

Yesterday I got a call from one of my investors and he gave me a free tool to offer my other investors who own rental properties. I love it when people from the Empowered Investors group share what they have found, without worrying about losing business or a competitive edge in the market place.

This group is so willing to share with each other, they'll work together to do 1031 exchanges. They just share new marketing ideas or cost saving loans with each other. It really is a community of investors wanting to help each other.

So, this freebie that he shared, that you are free to share with your investors and maybe even use your self, is www.RentOMeter.com. This website lets you put in an address and it gives you all the rentals in the area, and what they are renting for, to help you, the investor, decide if you are charging too much or too little for your rental property.

With the aid of this site, my investor was able to raise the rents on 10 of his 12 properties. With the printout from the website, the tenants didn't even blink an eye at the rent increases. Now he is making almost $1000 more per month all because of this free site that showed he wasn't charging enough for his rentals compared to what the others were renting theirs for in the same neighborhood.

Good luck and happy investing.



Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739

Pictures are from www.RentOMeter.com.
Posted by


Todd Clark (broker w/ Ken's Home Team)
Keller Williams Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

What if there was a way you could search the  MLS for FREE just like Realtors

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you'll be emailed all homes that meet your search criteria. You'll get internet access to a website that includes pictures, prices, and addresses to real estate that's listed in the MLS!

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Location:
Oregon Washington County Beaverton
Groups:
Investing in Real Estate
Real Estate Investors
e-PRO Internet Technology
Local Expert
Tags:
rentometer
investing
rental property
how to set my rental price
beaverton oregon real estate
tigard oregon real estate

Comments 22 New Comment

Ambassador
2,030,439
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Pam - Wait until I show the next find we found at the meeting we had last night!

Kathy - Hmmm, isn't that what Activerain is all about?

Tom - I hope it helps!

August 07, 2008 04:16 PM
Rainer
27,682
Tracy Soussi
NC & SC Broker - Large Bank Foreclosures

Great idea!  Thanks for sharing.  www.tracysoussi.com

August 07, 2008 08:13 PM
Rainmaker
377,679
Mark Hall
Homes for Sale Vancouver Washington
Elite Realty NW - Keller Williams, Vancouver Washington

Todd,

Once again an AWESOME post and a great tools to add to my bag of tricks! Keep 'em coming!

YOU ROCK!

mark hall vancouver wa real estate

August 08, 2008 05:34 PM
Ambassador
2,030,439
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Libby - If you print out the results and show it to your renters at the time of the rent increase, there isn't much they can say if they want to stay.

Venancio - The best part is if you show them your value, they won't even consider using someone else.

Adam - I am starting to use it with some of my lease options to show that if you want to rent, you can pay this, but if you want an option to buy, you have to pay more.

Larry - I hope your clients love it just as much!

Fran - That is awesome, is that part of your one stop website idea?

August 08, 2008 08:14 PM
Rainmaker
65,613
Lisa Long
Heather Roda Broker

good info. I have a rental in Beaverton myself, I noticed that is where you are at, small world.

August 11, 2008 01:02 AM
Ambassador
2,030,439

Todd Clark

Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
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Helping Families Home is a blog set up to help families find that perfect home for them. I have a family and I understand how hard it can be to find a home that everyone is happy with. Let me help you find that home and help your family home.


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