How To Perform Rental Comps in Multifamily | How To Multifamily Real Estate with Gino Barbaro
Description
Welcome to the Jake and Gino Podcast! In this video, co-founder Gino Barbaro dives deep into the crucial topic of rental comps. Whether you're a seasoned investor or just starting out, understanding rental comps is essential for making informed decisions in the real estate market. Can you really raise rents as brokers often claim? Let's find out!
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Key Topics Discussed:
- Age of the Property: Learn why comparing properties within a 10-year range is crucial.
- Size of the Property: Discover the importance of size comparability and how a 20% variance makes a difference.
- Amenities: Understand how amenities like central air, pools, and washer/dryer hookups impact rental value.
- Location: Get insights on how market density and median income influence property comparisons.
- Unit Mix and Size: Learn why matching unit types and sizes is vital for accurate rental comps.
Why Rental Comps Matter:
- Net Operating Income (NOI): Proper rental comp analysis helps in driving the NOI and increasing rents justly.
- Risk Mitigation: Reduces investment risk by providing a realistic view of the market.
- Investor Insight: Essential for both active and passive investors to understand potential rental growth.
Additional Resources:
- Join the Jake and Gino Community: Call us at 865-800-3905 to learn more.
- Free Book Offer: Email gino@jakeandgino.com for a PDF copy of "Wheelbarrow Profits."
- Passive Investor Pro: Learn how to underwrite deals like a pro.
If you have any questions or comments, leave them down below. Don't forget to subscribe, like, and share this video if you found it helpful. Your support helps us create more valuable content.
Thank you for watching, and see you in the next episode!
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- Website: Jake and Gino
- Email: gino@jakeandgino.com
- Phone: 865-800-3905
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