San Antonio Real Estate Investing & Real Estate Financial Planning™ Podcast

Secrets of Rent Comps

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Learn the secrets of determining fair market rent on properties in San Antonio.

This class is Module 29 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

  • Why rents are not an exact number and what they really are
  • At the end of the day, what is rent ultimately
  • An overview of an easy method of determining fair market rent, a basic way and an advanced way and which you will likely want to use
  • Why use “comparables” to determine rents
  • What dimensions should we use to determine comps?
  • Which are the most important factors for rent comps?
  • How 6 people all looking at the same thing can all see something different and all be wrong
  • Finding rent comps
  • Using proximity to find appropriate rent comps
  • Using the type or style of a property to narrow down rent comps
  • Using square footage for narrowing down rent comps
  • Using the age of the property to determine rent comps
  • Narrowing the net to better determine fair market rent
  • Evaluating your current competition to determine rent on your property
  • The difference between “asking rent” and “rent received”
  • A warning if you find yourself struggling to find rent comps
  • What is the value of upgrades to a rental property
  • How to make market-based rent adjustments
  • An example going through how to determine rent on a property and what we ultimately ended up getting when we rented the property
  • What my property manager uses as their process to determine fair market rent
  • A note on getting rent comps when buying new construction properties
  • Using the monthly payment on a new purchase to set rent on a property
  • Tips on how to analyze properties now that we’ve covered rent comps
  • Plus much more...

    • Check out the video and additional resources related to Secrets of Rent Comps.


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    San Antonio Real Estate Investing & Real Estate Financial Planning™ PodcastBy James Orr