If you are thinking of buying a rental property or, if you are an agent helping someone else to do so, here is a new tool that may trump the MLS -- Rentometer
This is a very cool tool put out by Google. You just plug in the address, current rent, number of bedrooms and number of units in the building and it puts up a gauge showing how the current rent compares and a Google map that shows the locations of other rentals in the area. It is slightly big-brotherish, but so is Google Earth and everyone thinks that is cool ;-)
Thanks to Joshua Dorkin for this info. Joshua puts out a popular blog for real estate investors called Bigger Pockets.
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