Learn the secrets of determining fair market rent on properties in Round Rock.

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.
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