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RISMEDIA, Feb. 13, 2008-Renters, landlords and real estate investors gain more power by staying abreast of rental market facts and trends with the launch of a new free online service. Zilpy.com launched its free online services aiming to provide the most accurate data about the rental market nationwide.

“Whether its Rent Heat maps for any given city or metro, down to spot rent evaluations (CMA), the newly launched service crunches a huge amount of available rental data every day” says Yelena Drabkin, VP of marketing.

“We save renters a whole weekend maybe a whole week by making price comparison of various neighborhoods a snap. Add to this a relevant visual display in form of Rent Heat Maps, demographics as well as the ability to narrow down by budget, bedrooms and also apartments or houses, and you compressed a weekend of work in a minute,” Drabkin added.

Based on historical data, Zilpy also helps landlords monitor the rent trends in the neighborhoods they manage properties and also to evaluate what the market rent is when it’s time to fill in a vacancy.

“Scouring newspapers and online classifieds to get an idea of current rents, may look a thing of the past, Zilpy.com already does that, aggregating data to simply tell you what the market rent is or what amenities your competitors are offering. All of that in few seconds.” Drabkin added.

According to the company, residential real estate investors are also not left in the cold. Figuring out how much rent an investor can get from a property means finding out rents for similar properties in the same area. Looking at the local newspaper’s classifieds section, make a few phone calls to get more information about rent, square footage, property condition, extra amenities, and location. The company says that the newly launched service provides free instant property rent estimates (CMAs).

“We have just scratched the surface in providing a large suite of services for the residential real estate investors” says Drabkin.

For more information, visit www.zilpy.com.

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Categories: Real Estate