I was alerted today about this great free tool that gives you insight into the rental prices in your local area. The name of the site is Padmapper.com and it’s free.

The site analyzes a wide arrray of online sites like Craigslist, Apartments.com plus others.

You just enter your criteria, and it sends you back your search results.

As a real estate investor, here is what you can use the site for:

- Finding out how much rent you can charge for your rental properties
- Finding new landlords to add them to your buyers list and see if they want to pay you cash for your wholesale properties
- Understanding market rents in areas, so you can determine if you can sell your properties as “Rent To Own” or “Owner Finance” deals and have them cash flow

If you find any other uses for the site that I might have omitted, please leave a comment and let me know.

Head over to http://www.padmapper.com and check it out!

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