Sentences with phrase «market rent for»

Rental affordability is average fair market rent for a three - bedroom property as a percentage of the average monthly wage (based on average weekly wages).

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.

The fair market rent for a two - bedroom apartment was unaffordable for housekeepers and wait staff in all 207 metro areas.

HUD is the first to raise their hand and admit that a single number isn't a great reflection of rents across all neighborhoods, so they give local PHAs some tools to help ensure they have flexibility to make sure vouchers are able to be used in decent areas of the city, as well as make sure they're not paying 150 % market rent for a unit in a war - zone.

The PHA also can assign FMRs by neighborhood (outside of the pilot program I mentioned), provide exceptions for tenants to rent places above FMR if they require reasonable accommodations, and is required to not spend more than market rent for a unit, even if the unit is under the FMR cap (ie don't pay top dollar for war - zone units).

So, I'm looking at HUD's fair market rent for the area I just purchased a property in.

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.

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

Because of the city's rent - control ordinance, Abraham was paying a below - market rent for the unit.

In the second quarter of 2016, the average affordable housing market rent for the 45 markets tracked by Reis was $ 849 per unit, a 1.0 percent increase from the previous quarter.

We'll also provide you with tips for determining the market rent for your neighborhood and provide you with some tools that will make the process easier.

Determining the fair market rent for your property may not only mean less chance of vacancy and longer tenures, but might increase the number of applicants vying to rent your property.

The lessor or related party charges a fair market rent for at least two years to the Exchangor and terminates the ground lease at the end of the second year satisfying the related party rules of Code Section 1031 (f).

(7) If a purchaser to whom title, or the other interest for which the purchaser has contracted, has been transferred serves a notice of rescission on a developer, the developer may apply to court for an order that the purchaser must pay to the developer market rent for occupation of the development unit.

Revenue Procedure 2008 - 16 provides a safe harbor where the Internal Revenue Service will not challenge the character of a vacation property when in each of the two years held, the property is rented at fair market rent for fourteen days each year.

As the name suggests, variables are items that can and likely change over time, such as an assumption for the market rent for office space or an apartment unit.

And even though the amounts can be quite large, it might only help them adjust to the newer market rent for about a year.)

If your garage is that nice, seems like the highest and best use would be either 1) Convert it to a 4th unit would be the best return or 2) rent it out to a contractor or someone who needs a nice place to store supplies, tools, etc. and you could probably get above market rent for it and not have to put in any cash to remodel.

Markets with biggest rent increases in Texas, Colorado and North Carolina Among all counties analyzed with rental data available in both 2014 and 2015, the average fair market rent for a three - bedroom property was $ 1,255 for 2015, up 2 percent from an average of $ 1,230 for fair market rents in 2014.

«When I take over a building that is underrented I usually tell the tenant (s) something along the lines that market rent for the unit is $ X and I'd be happy to let you stay for something close to that (usually about 90 - 95 % of $ X), but if that doesn't work I understand I'll need to find a new tenant and will do my best to accommodate your move schedule.»

If I did a cash for keys deal with the existing tenant and renovated the unit, I think market rent for a good, creditworthy tenant would conservatively be $ 550 / month higher than current rent.

In the 473 counties with sufficient rental and home price data, the fair market rent for a three - bedroom property in 2015 will require an average of 27 percent of median household income, while buying a median - priced home requires an average of 25 percent of median household income based on the median sales price in November.

But if your not getting market rent for your rental then you are essentially loosing profit.

HUD figures out every year what's called a fair market rent for many of its programs.

I've lived with roommates in a really nice place with below - market rent for a long time, and am finally looking to get my own place, and I'm struggling with what my budget for rent should be.

However, US law makes a big distinction about whether or not you're renting to family / relatives, specifically around whether or not they are paying full - market rent for their room.

From what auditors could tell, the school was paying above - market rent for its building, which in turn is owned by a subsidiary of National Heritage Academies.

Attempts were made through the Housing Act 1996 to bring HB spending under control, through the introduction of «Local Reference Rents» (determinations of average market rents for dwellings of the same size in an area) and the further restriction of eligibility for under 25s through SRR.

Under «Rent to Own», aspiring buyers will pay market rents for new build homes and will have the option to purchase the home from the end of the second year of their rental period.

«Appraisals are required for financing, but landlords should learn to assess market rents for themselves,» advised Davis.

If you have a fixed mortgage of $ 500 on a property that easily market rents for $ 2k, you have a whole lot of room to play with before you are in a negative cash situation.

Market rents for this unit are $ 2500 per month.

The property was occupied with a Sect. 8 tenant, but the rent she was receiving was way lower than market rents for the area, and she was coming out of her pocket each month just to maintain.

For the report, RealtyTrac analyzed median sales prices for single family homes and condos and average fair market rents for three bedroom properties, along with unemployment rates and demographic trends in 516 U.S. counties with a combined population of 236 million people — 76 percent of the total U.S. population.

But in the 25 counties with the biggest increase in millennials between 2007 and 2013, fair market rents for a three - bedroom property in 2015 will require 30 percent of the median household income on average, while buying a median - priced home requires 36 percent of median household income on average.

Median home prices in the 586 counties analyzed in the report increased more than 7 percent on average in the third quarter of 2014 compared to a year ago, while average fair market rents for three - bedroom homes increased an average of less than 1 percent.

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.

If it is not fully occupied then the GRI is the annual rental income that the property would produce if it were fully occupied (taking into account market rents for the estimation of the potential income for the vacant units).

This lets users accurately determine market rents for their properties.

Not exact matches

Content marketing means producing and leveraging one's own branded content for marketing purposes «rather than «renting» advertising time and space» on someone else's media, to excerpt analyst Rebecca Lieb of the Altimeter Group.

And that's because the core business of renting out a home for a short term violates local laws in many markets.

The amount of free rent available, for instance, will vary both by geography and market.

These third - party providers include Acxiom and Experian, which specializein mining data on U.S. consumers that can be rented out for marketing purposes.

What do you think you'll be spending for rent, payroll, utilities, marketing expenses and everything else?

Increasing short - term corporate rentals that go for above - market rent could make affordable permanent rental options in a pressurized housing market such as San Francisco's even more scarce.

Even in urban shopping destinations like New York and Los Angeles, there's a glut of empty storefronts on the market, as rents have skyrocketed too high for many retailers.

What's more, for this to work, the person who rents has to actually invest money they would have put into a downpayment into the stock market, as well as all the principal payments they would have made to pay down the debt.

This Sag Harbor home is on the market for $ 11 million, but it can also be rented for $ 400K for the summer.

Knowing how to set a realistic budget, understanding the market, researching and preparing for additional costs and figuring out what trade - offs you're willing to make can help you save on rent.

Airbnb has questioned the methodology, noting that the report uses «available for rent» instead of actual booked nights in determining that listings have been removed from the long - term market.