Useful tool for rental property owners and renters

Here's another very useful online web tool for real estate investors with rental properties.

It's called Rentometer and allows you to enter a rental property address, current monthly rent, the number of bedrooms & the number of units in the building, and it will automatically do an analysis and tell you whether it thinks you're charging too little (or too much) for rent.

Of course, this will be best used as another tool in your due diligence toolbox - I wouldn't reccommend making decisions that have a financial impact based on only one source of information. Nevertheless, it's a very easy way to get an estimate of market rents for a specific area.

4/2 Investor Special available in 30310 - only $39K

INVESTOR ALERT!
REHAB / HANDYMAN SPECIAL!
FIXER-UPPER OR TEARDOWN & REBUILD

Located minutes from Underground Atlanta, Marta, I-20, I-75/85, great location in a historic neighborhood. Views of downtown, capitol building. Lots of renovation going on in this area.

4/2 Brick 1-story single-family home Approx. 1,250 sq. ft. Lot 4,792 sq. ft.

765 HUMPHRIES ST SW ATLANTA, GA 30310
Near Metropolitan Parkway & Ralph David Abernathy off of I-20 Downtown



Front view from street





Rear view

ONLY $39,000!

make offer soon - this will not last! cash or hard money preferred




Option 1: Rehab: Estimated Repairs: $55,000-$70,000
Zillow Zestimate $159,000 as 4/2 1-story: $50,000-65,000 equity after repair

Option 2: Teardown & build a 2-story: Estimated $120,000-$140,000
New construction house next door (763 Humphries) sold Sept 2007 for $380,000, another (768 Humphries) sold in Nov 07 for $380,000: $200,000-240,000 equity after rebuild



W 3 Group, LLC

David Wright

Real Estate Investing – Marketing

770-216-9908 or 208-545-1241

Cool tool to check average rents

Here's a useful tool in researching average rents in an area. The Rentbits website says their tool is designed to help renters find rental residences, but it can also be very useful in your due diligence as an investor looking for areas to buy rental properties, whether they be single-family homes, x-plexes, apartments or condos.

You can either enter a ZIP code or a city and state. Enjoy!

Get this widget

Houses for rent in Atlanta, GA

Lunch & Learn to Earn

There will be a Lunch & Learn to Earn session on Thursday, May 8th, 2008
12:00 PM-1:00 PM
Nancy's Chicago Pizza (Buckhead location)
3167 Peachtree Rd
Atlanta, GA 30305
Phone: (404) 842-9997 (Nancy's Pizza)
1-866-225-6162 (To register)
1-212-990-6555 (Opportunity overview call recording)

Cost: $5.96 per person (This includes Pizza, Salad & Soft drink)

Please join us for an exciting presentation overviewing a lucrative income opportunity involving real estate investing and marketing.

Learn how you can earn $9750 per month or more while learning to invest in real estate in the current economic climate.