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the zestimate is roughly half what I collect and can document. This is ruining the property value.

I collect 2700 total from the three units and zilllow lists roughly 1400!!! This is destroying the properties value as an income property.
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August 10 2012 - Stafford Springs
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No, if people are going to rent, they are going to check what rent options are available to them at what prices, not what an AVM states.  Even if the AVM number is only 1/10 of the rent for similar in the area, they already know they will not get if for that if they looked at any rental options in the area.

And if they don't rent when it is available?  It won't be available as it would be rented to someone else, and they will have to look elsewhere.

If they can't afford it?  They have multiple options:
1) live with parents, friends, or family
2) live on the streets or under a freeway bridge
3) share a rental with a "roommate" or two or three or six.
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August 11 2012
 
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the zestimate is roughly half what I collect and can document. This is ruining the property value.
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August 11 2012 | 1 answers
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