Where does zillow get their zestimate of rent?
I have a rental on zillow to rent for $2195.00. I see below this a zestimate for $2300.00. Is this what zillow is thinking I can get for rent? I don't think I could. I will feel lucky if I get $2195.00. In the five days I've had it on zillow 3 have filled out applications. Property management company qualifications is someone has to make $9,000.00 a month to qualify. I don't think a lot will be able to qualify. One lady who applied makes $6,000.00 a month & they said she doesn't make enough. I think she makes enough to qualify if she doesn't have any other outstanding bills. Don't you think so?
- Landlord365Lv 58 months ago
Do not go by zillow. They are notoriously unreliable. They pull # out of their collective tuckas.
To get the most accurate rents you need to see what similar properties in your area are renting for. Look at your comparables.
- AJLv 78 months ago
geez, that about what I pay for my house on 5 acres.
- LILLLv 78 months ago
Zillows house prices and rental rates are notoriously inaccurate. Check similar rentals in your area to get a general idea of what the market rate would be.
- realtor.sailorLv 78 months ago
Income should be about 3 times rent and how long have they been employed. Zillow estimates are taken from a larger area, county versus neighborhood.
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- yLv 78 months ago
I find Zillow to be on the higher end of things. I tend to use a number of sites then take the average.