🎧 Secrets of Rent Comps

New To Podcast This Week - Over 193,000 Total Downloads*

Learn the secrets of determining fair market rent on properties.

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...

How to Access in 3 Easy Steps

1. Click here to select your city from the list

2. Click on the PODCAST button next to your city.

3. Select your preferred podcast player (Apple, Spotify, etc) and subscribe for free.

Enjoy!

Love,

James Orr

*As of April 4, the total number of downloads across all Real Estate Financial Planner™ city-specific real estate investing podcasts for all episodes over all-time is over 193,698.