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Answers (4)
- hpvanc
- Contributions:2570
NO!
For starters, as far as I know Zillow doesn't try to determine if a property can be legally rented (some municipalities have strict rules), or if there is an HOA that has restrictions on rentals. It is possible for a property to have a Rent Zestimate that cannot legally or practically be rented.
For starters, as far as I know Zillow doesn't try to determine if a property can be legally rented (some municipalities have strict rules), or if there is an HOA that has restrictions on rentals. It is possible for a property to have a Rent Zestimate that cannot legally or practically be rented.
- Adrian Provost, "RealEstate_NOW"
- Contributions:40
No, it's simply to suggest what an approximate lease amount would be if the property were to be on the rental market.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1322
It is simply an estimate of what a property might rent for IF one rented it.
- John McKernan, "John McKernan"
- Contributions:86
Not sure Zillow could track this and be accurate. Hoa covenants are going to determine how many properties can be rented period in a community, When you consider actual numbers being rented, waiting lists to be rentable, etc, these are very important questions for an investor, or investor's agent, to ferret out during due diligence.
Does an estimate Zillow rental automatically indicate that I can buy and then rent a property later?
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