As a landlord are your rents too high or low?

A lot of folks have become landlords by either hanging on to property because of the market change or as a retirement solution.

A new website tool called rentometer.com is now available. This tool can be used by renters and landlords to measure how a property's rent stacks up against similar homes or apartments nearby.

Using data from listings provided by rental marketing firms and property owners/managers and listings publicly available on the Web, the site's "Rentometer" gauge provides a quick visual comparison of a property's rent to the area's rental range.

The site is easy to use and provides users with a quick estimate of how their rents match up against neighborhood rates. However the Rentometer only considers a rental property's address, number of bedrooms and total units in a building when comparing rates -- so if you rent a two-bedroom penthouse in a new full-service building, your unit may be compared to dissimilar rentals -- say neighborhood basement apartments in older buildings with relatively few amenities.

Rentometer added a feature that allows landlords and property managers to post their listings on their site. Also a tool to allow you to add their data to your website. Check it out!

Copyright 2007 Heidi Franklin http://www.heidisellshomes.com