HOW TO DETERMINE MARKET RENTAL VALUE?
The most important things in real estate are location, location and location.
The Three most important things in setting rents are market value, market value, and market value.
So how do you certant what fair market value is?
The standard answer is do a rental market survey.
I say, use your vacancies. Only your vacancies can tell you what your apartments are worth.
APARTMENT COMPARABLES AREN'T COMPARABLE
1. All rental properties are different and unique, even in same complex : it has a unique orientation to the sun, distance to parking, transportation, view, relationship to noise sources etc.
Next time you have a vacancy, please contact me for evaluation. I can screen the potential tenant for you. It is extremely important that you have a ready, willing and able tenant. Please call Svetlana Vidovic 847-644-3891 or use contact form
POSTED BY DJORDJO VIDOVIC - REAL ESTATE MATTERS MEDIA