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Updated over 4 years ago,
determine how much we can push up rents
One of the things I struggle with is determining apartment rent comps in my market. I struggle because I find it difficult to find an apartment that is within close distance, same year built, and same amenities as the subject property I am analyzing. I use apartments.com, hotpads, and craigslist to determine market rent for apartment property.
Do you guys have a step-by-step or process to best estimate market rent for apartment deal you are analyzing?