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

Show All Comments
Rainer
43,687
Linsey Planeta
Your nullOC Real Estate Voicenull
M Realty

LOVE this and perfect time.  I have a vacancy in my own property and we are setting pricing for a new lease.  Very cool.  Thanks to you and Empowered Investors!

August 05, 2008 11:45 PM
Rainer
122,627
Pam Winterbauer
Pam Winterbauer Real Estate

Todd.....sounds like terrific tool for our investors.  let's see how this plays out.

August 05, 2008 11:45 PM
Rainmaker
52,110
Ralph Nudi
Kenosha's #1 REO and Short Sale Team
Weichert, Realtors® - Precision

WOW TODD,

I work with many investors and will be checking this tool out.

Thanks!

August 05, 2008 11:48 PM
Rainmaker
218,535
Dora & Vincent Kwok
CNE - Chandler, Arizona Real Estate
HomeSmart Real Estate

Interesting site...any idea on the accuracy, completeness and timeliness of the data?

 

August 05, 2008 11:51 PM
Rainmaker
1,199,481
Tony & Darcy Cannon
The C Team
Keller Williams Legacy

Todd, thanks, I will have to get good at using it so that I can have my investors use it.  Thanks again for sharing!

August 06, 2008 12:20 AM
Rainer
73,244
Pam Pugmire
Meridian Idaho Real Estate
Silvercreek Realty Group

Great tool!  I will pass this along!  This is always a big concern for investors.

August 06, 2008 12:30 AM
Rainmaker
291,777
Kathy McGraw
Riverside County CA Real Estate
CELLing Realty

Todd- Thanks for sharing this...I will go look at it and see if it matches my area :)  Don't ya love it when people aren't afraid to "share"......I just think it makes it good for all of us.

August 06, 2008 12:42 AM
Rainmaker
1,389,204
Tom Braatz
Waukesha County Realtor Real Estate agent,Waukesha
Re/Max Realty Center 262-377-1459

Todd

What a resourceful tool

Thanks

Tom Braatz

August 06, 2008 01:20 AM
Rainer
36,058
Libby Cousins
Contract Mortgage Processor
Extraordinary Processing

Wow Todd, thanks for sharing!  I checked out the site and love it. I checked our current rents and it does say that we are pretty low on one of the units (which we thought but haven't wanted to raise). I am going to bookmark the site for future reference.

August 06, 2008 02:18 AM
Rainmaker
196,238
Venancio Gonzalez
Cowlitz County Real Estate Broker
Windermere Kelso/Longview

Todd - this is a great tool. I'm sure couple investors that I work with will appreciate it. Thanks for sharing.

August 06, 2008 03:14 AM
Rainer
274,098
Adam Waldman
Realtor - Long Island
Westcott Group Real Estate Company

TODD - Thanks for sharing this tool.  It will come in very handy for investors.  It can even be used by potential renters to see if the rent is in line with similar rentals.

August 06, 2008 03:17 AM
Ambassador
876,211
Larry Bettag
Regional Vice-President
Larry Bettag - Cherry Creek Mortgage

Todd...this is bookmarked....I love it...thanks.

August 06, 2008 08:38 AM
Rainmaker
638,600
Fran Gaspari
"The Title Man" - Title Insurance - PA & NJ
Patriot Land Transfer, Inc.

TC,

I liked this so much, I included it as a link on my blog!!! Thanks,   Fran

August 06, 2008 10:47 AM
Ambassador
2,032,195
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Lynn - I hope it helps you and your clients.

Jon - I think this is a great tool to share with your clients and it makes you look like the best choice to be their agent when you have something to offer that no one else does.

Linsey - I will tell them at the next meeting!

Pam
- It has already made my client a little bit more money each month.

August 07, 2008 12:25 AM
Ambassador
2,032,195
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

Ralph - Hope it works for you and gets you even more business.

Dora or Vincent - From what I understand from talking to the owners of a couple of these renters, it is pretty darn accurate, as for updates, it seems every time someone raises the rent they check back here and it is updated by them at that time.

Tony or Darcy - It is easier than you think, it took me 15 seconds to figure it out.

August 07, 2008 09:54 AM
Ambassador
2,032,195
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
377,719
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
2,032,195
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
Show All Comments
Ambassador
2,032,195

Todd Clark

Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
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