NEW YORK ( TheStreet) -- After having his rent raised upon his lease renewal, RentHackr CEO Zeb Dropkin told TheStreet's Debra Borchardt he knew renters needed a place to find reliable rates.

After checking with city records and the government, Dropkin found nothing he could use to compare his rent rates with. Instead, he was forced to turn to craigslist.

Since then, he has formed his own Web site and database of rental rates. Users sign up via Facebook ( FB) and fill out information such as what building they live in, how much it costs, and how long they plan to live there.

Dropkin was quick to point out that personal information, such as your name or unit number, are not publicly displayed.

He added that he wants RentHackr to be the best resource for prospective renters to see when units will open up and how much they will cost.

Real estate agents can find the service to be a valuable tool as well. By knowing the going rate for the surrounding area, they can be more prepared when shopping potential units.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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