New Jersey, Pennsylvania, and New York's Real Estate Investment Club NJ, NY, PA
A due diligence tip when buying Multifamily real estate
When analyzing a potential multifamily deal one quick tip is to make sure you do a rent study. It is always important to understand what rent your competition is asking for similar units and also what concessions that they are offering. A big mistake many novice investors make is taking the broker's word for it when it comes to market rents, ALWAYS verify the numbers.
To your success,
Christopher Urso
Principal
National REIS
Views: 73
Comment
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Comment by Curtis Tavernier on September 29, 2011 at 12:04pm -
I like to use www.rentometer.com
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Comment by Christopher Urso on September 8, 2011 at 8:31am -
Tee, the beat way to verify market rents is to go online or through local newspapers finding similar properties and calling them to see what they are charging for rent, if they have any specials and what condition their Units are in. Hope that helps you can check our site www.nationlareis.com for more investin tips.
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Comment by Tee Tirado on September 7, 2011 at 4:45pm -
What's the best way to verify?
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