Sentences with phrase «market rent»

Rental affordability was determined from the average fair market rent for a three - bedroom property as a percentage of the area's average monthly wage.

Knowing the fair market rent for similar properties in your area will give you a good idea whether or not you need to adjust your rent price.

Also, my rent for this place is already about 25 % above highest market rent in the area so I'm not sure how much more I could squeeze out.

The council says that around 50 homes will be available at 50 % of market rent which is comparable to how much a social rent would be.

Our studios are provided at below market rent to contemporary artists and other nonprofit arts organizations.

As you begin to evaluate a potential deal you'll start to run some numbers to see if it's a profitable project as well as looking at market rents for the area.

Also seek to minimize vacancies by understanding what the local average market rent is and attempting to be just a little bit below average.

Right after closing I gave the lady the option of paying market rent or moving.

Do you mind me asking what price point you were paying for properties and what were market rents on average?

Current market rent when she rented it from us was $ 900 a month.

This lets users accurately determine market rents for their properties.

I charge above market rent and know they grow.

With commercial properties, you can offset a shift in the market by using market rents as a way to calculate value.

You should already have a concrete idea of what market rents are.

If market rents rise during the five - year period, then the rent for the tenant under review goes up accordingly.

When a property is generating below - market rents because of high vacancies or poor management, value - added loans can also be used to renovate and improve a property.

If you plan to sell and you are charging under market rents you lose out on that additional value.

Was the lease an arm's length transaction and at market rent values?

What market rent do you believe we will see for these kinds of properties in the upcoming years?

If market rent covers all costs and mortgage payments, then it makes sense to buy, because rent will go up, while mortgage will go down.

The question is how likely are those tenants to renew when their leases come due, and how likely are they to roll up to true market rents, he adds.

So much is dependent on the local market rents and economic conditions.

An attractive home will also ensure you get market rent or more for your property.

Good thing your tenant is paying over market rent as they longer the felines stay, the more it's going to cost to be rent - ready for the next tenant.

Then we looked at the average fair market rent price based on a two - bedroom apartment.

In addition, your appraiser will complete a schedule of rents, researching market rents in the area and projecting the probable income of the property.

I also clean my places up and rent below market rent so I have more applicants to choose from.

This means buyers are going to be looking at market rents instead of just «hotel rent» when assessing whether a deal works or not.

MPs have urged the government to work with local authorities to deliver affordable rental properties and says that local housing benefit levels should be reviewed to more closely reflect market rents.

Assuming the building is renovated to the level needed to gain market rents, the property will generate great cash flow.

Brokers and property managers have the knowledge to analyze operating income and compare market rents so lenders can understand the property's actual value, she suggests.

Investors have better chance of identifying such markets by buying market rent forecasts from specialized and competent forecasting firms.

If vacant units do exist at the time of your real estate analysis then include them at their reasonable market rent.

Generally, for well - located and managed real estate, increases in market rents pass on property rents as well.

Read on to find out what exactly market rent is, why it's essential to determine it, and which factors influence most.

A genuinely good property manager will not only save you money, but proactively push market rents as well.

All the leases were somewhat below potential market rents.

«We also constantly watch market rents to project future net operating income,» he says.

He's done a great job in taking care of the place and even if he's a little below market rent wise, he's a joy to have.

Are current market rents similar to, above, or below what the current tenants are paying?

Yes, however, the rent must be fair market rent for the property.

So you have found that vacant units w / market gross scheduled incomes are doing better than occupied units at or close to market rents in place?

For landlords who already own property, determining market rent will help you decide if you should increase your prices.

One is a low end product for people unable or unwilling to pay market rent for a «nice» (to you or my standards) place.

Market rents for this unit are $ 2500 per month.

Sales - to - rent ratios are also tightening, with investors looking for a 7 to 8 percent ratio on current market rents.

Well planned capital improvements have resulted in highly favorable occupancy and above market rents.

If that is true then you are probably at least 50 % below market rent prices.

For the same reason, in states that value the property as though leased at market rents, below - market occupancy should result in a lower property tax assessment.