Are you wondering if Rentometer is still a viable option for 2024? We reviewed it in depth and covered the best Rentometer alternatives.
Table of Contents
If you’re considering investing in real estate, you must be able to access the most accurate data possible to ensure that you will be making money from your undertaking.
Of course, keeping up with the ever-changing real estate industry can be challenging, so investors seek out various platforms to assist them in making informed investment decisions.
Rather than keeping numerous spreadsheets and manually updating the data regularly, there are investment property analysis websites that keep and update all of the data for everyone. Such platforms assist investors in navigating the complex world of real estate data analytics.
One of those platforms is Mashvisor. These real estate software and calculators are quickly becoming a must-have tool for future investments. A real estate app’s primary goal is to make the process easier, provide accurate data, and save investors time.
In this article, we’ll examine a few sites like Rentometer and then see what the best Rentometer alternative (with the highest accuracy) is in 2024.
Rentometer Review: What Is Rentometer?
Rentometer is a website that allows users to browse specific neighborhoods and calculate the average rent price or rent estimates 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 rent estimates will be competitive in the area compared to other listings.
Rentometer Pro Features
The Rentometer Pro includes the following features:
- Summary statistics
- Number of bathroom filter
- Average rent by bedroom chart
- Rentometer API
- Property report
One of the primary functions of the Rentometer platform is to compare rent estimates 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 you’d want to find the best Rentometer alternative.
As for the Rentometer cost, the platform is available in three plans: Free, Pro Basic, and Pro Standard. The Free plan lets customers view the most basic information about rental listings for seven days. Meanwhile, the Pro Basic version includes additional tools, such as the Rentometer property report and Rentometer rent analysis.
Rentometer Pro costs between $79 and $200 per year, depending on the level of service you choose (Basic or Standard).
Unfortunately, there are currently no reviews on G2 for Rentometer. So, it would be best to explore the platform through its free trial.
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 of the best Rentometer alternatives:
- Zillow
- Rent.com
- Trulia
- Motovo
- Mashvisor
Make sure to focus on your real estate needs and demands when finding the best Rentometer competitor for you.
1. Zillow
Zillow is an online platform for real estate and property marketing. It enables people to sell their properties on the platform immediately. It entails selling your home either through a Zillow Premier Agent or directly through a network that links millions of buyers worldwide.
Zillow also has a calculator that can provide rent estimates based on the street address of your prospective property.
When internet entrepreneur Rich Barton founded Zillow, he was determined to make a difference in the real estate market. This 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 on the platform. Several rules and regulations must be followed or implemented while listing homes. It means 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 can 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 US. You can use Zillow to purchase, sell, lease, renovate, finance, and engage in a variety of other real estate-related transactions.
Zillow reviews on the G2 platform rate this website 3.8 out of 5 stars.
2. Rent.com
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. The company is 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 allows users 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, it can help you prepare for a stress-free property hunt.
Rent.com focuses mostly on listing service features, such as listing syndication and listing management portal. But this year, the platform released a feature that shows rent estimates and other expenses a tenant can expect when renting a property. While this feature is mostly for renters, the data can also provide insights to landlords and investors.
Note that RentPath, LLC operates Rent.com and other real estate platforms, including Rentals.com, ApartmentGuide.com, and LiveLovely.com.
Rent.com reviews on G2 rated this website 3.5 stars out of 5.
3. Trulia
Trulia is another Rentometer alternative portal that offers users services such as Real Estate Market Search, Houses for Sale, Houses for Rent, and more. In addition, Buyer Guides, Seller Guides, and Renter Guides are 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 to users. It also monitors neighborhoods and emphasizes community details. Moreover, the Zillow Group operates Trulia.
Some of Trulia’s features are the following:
- Mortgage Calculators
- CRM Integration
- MLS Integration
- Advertising and Marketing Tools
- Listing Syndication, and many others
The platform displays prices based on the specifications. Furthermore, it displays the area’s school ratings and crime percentage, which is almost correct. Because the app is not always updated, it is possible that some houses are already booked.
You may also look outside of your present location. The “Save Home” function is handy for compiling a list of postings for a simpler decision-making process. Moreover, when looking for a certain location, it displays a map of listings for houses both inside and somewhat outside of the intended area.
Some users would like to see a more in-depth picture requirement for listings on Trulia that includes the inside, appliances, and neighbors. Moreover, they report that some listings might be a bit misleading. Users would also appreciate the ability to explore “private listings” rather than “company listings.”
Trulia reviews on the G2 website gave it 3.2 stars out of 5.
4. Motovo
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, the company employs agents ready to assist you in making your ideal home a reality. Since its beginning, it’s been delivering a solid data pipeline based on its MLS relationship in over 49 states across the US.
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 client communication technologies, adaptive AI technology, and a dedicated team of salespeople and transaction planners. It takes pride in more than 31,000 sold houses and 100 million home searches and is licensed to conduct business in all 50 US states.
Motovo’s accurate smartphone app makes it simple to look for available properties. The software offers a neighborhood tour, school information, market trends, real estate advice, and demographic data.
To arrange a meeting with a real estate agent, simply open the app, and you will be provided with all the necessary information. You must be at least 18 years old to become a registered member of Motovo.
Unfortunately, there are currently no reviews on G2 for Motovo. So, it would be best to explore the platform through its free trial (if it’s still available).
5. Mashvisor
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 also happens to be the best Rentometer alternative.
It is helpful in searching for both long term and short term rentals, making it a handy tool for most investors. The platform includes a wealth of precise market data and analytic capabilities that enable you to make sound investing decisions.
Among the services that Mashvisor users 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; and,
- Enhance the performance of your real estate portfolio and cash flow.
Mashvisor’s Property Finder allows you to search for properties in up to 10 cities all at once.
Features
Mashvisor provides information about the different types of investment properties, including short term rentals. 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
- Real estate heatmap
The Mashvisor dashboard consolidates all your data in one accessible location, allowing you to focus on your business rather than analytics. Many of its users said that when they did their research on Mashvisor, they were able to focus more on building their business.
The platform’s investment property calculator tool assists investors in determining the profitability of their investment property. The calculator comprehensively examines an investment property and provides customers with dependable and precise real estate data analytics, including:
- Return on investment
- 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 are profitable 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 and calculator are ideal for investors looking for an area to invest in that guarantees a high rate of return.
Final Judgement: Best Rentometer Alternative
So, what is the best Rentometer alternative for 2024? After our thorough research and review, we found that 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 options for 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. It also uses only data from reputable sources to inspire trust from potential real estate buyers and sellers. The company enables investors to focus on their investments while keeping track of their data. Oh, and yes—Mashvisor is affordable and very easy to use.
You can find out immediately what type of profits you can expect from a property and what you need to do to excel in the rental market. The best part? Your potential three months of research turns into 15 minutes with Mashvisor’s tools.
Conclusion
Of all the Rentometer alternatives, Mashvisor is the only one that offers many features at an affordable price. Moreover, its wide range of tools helps simplify the process for individuals interested in real estate investing.
What’s more, Mashvisor is really direct with its clients. It informs consumers of the sources of the data used in their research. Therefore, investors can depend on the accuracy and reliability of the company’s data in order to make informed investing decisions.
With our platform, 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 property.
For all of the reasons stated above, Mashvisor is also the most reliable real estate calculator in the US market. Most significantly, it gathers data from several reliable sources before using AI-powered algorithms. Furthermore, it covers all US markets and both rental methods.
To get access to our real estate investment tools, sign up for Mashvisor today.