Portland, OR · Member since 2015 · 91 posts · 19 votes
When purchasing a residential MF property, what other types of properties am I comparing the MF property to so that I can determine the rent value of each unit? Am I mainly focusing on apartment units that are in a certain location of the MF, if so how far away should I be looking for comparable units? OR am I comparing them only to other similar MF units in the area?
What are some other factors that can help me determine the rent value of each unit?
Portsmouth, VA · Member since 2015 · 330 posts · 191 votes
10y
When it comes to determining what you can charge for rent, you have to stay close to that neighborhood for your research because the next neighborhood rents may be higher or lower. Check craiglist , apartments for rent, www.rent-o-meter.com, near by property managers Google them and call, knock on doors at near by apartment buildings and ask tenants. Be sure to compare amenities included.