Secrets of Rent Comps

In this module (29 of 46 in the Real Estate Investing Secrets course), you will learn:

• 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, much more…

Secrets of Rent Comps

Here are the slides from the presentation for your convenience…