Arden-Arcade Real Estate Investing & Real Estate Financial Planning™ Podcast

Learn the secrets of determining fair market rent on properties in Arden-Arcade.

This class is Module 29 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• Why rents are not an exact number and what they really are
• At the end of the day, what is rent ultimately
• An overview of an easy method of determining fair market rent, a basic way and an advanced way and which you will likely want to use
• Why use “comparables” to determine rents
• What dimensions should we use to determine comps?
• Which are the most important factors for rent comps?
• How 6 people all looking at the same thing can all see something different and all be wrong
• Finding rent comps
• Using proximity to find appropriate rent comps
• Using the type or style of a property to narrow down rent comps
• Using square footage for narrowing down rent comps
• Using the age of the property to determine rent comps
• Narrowing the net to better determine fair market rent
• Evaluating your current competition to determine rent on your property
• The difference between “asking rent” and “rent received”
• A warning if you find yourself struggling to find rent comps
• What is the value of upgrades to a rental property
• How to make market-based rent adjustments
• An example going through how to determine rent on a property and what we ultimately ended up getting when we rented the property
• What my property manager uses as their process to determine fair market rent
• A note on getting rent comps when buying new construction properties
• Using the monthly payment on a new purchase to set rent on a property
• Tips on how to analyze properties now that we’ve covered rent comps
• Plus much more...

Check out the video and additional resources related to Secrets of Rent Comps.