Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

When you meet with the contractors, make sure to have them help you understand what you have, what will be required to repair and maintain what you have, and what you should be budgeting for future capital improvements, if needed.As we go through DD, we are also putting together the strategy for the park, performing our rent survey, running our test marketing to understand the demand in the market, and creating the budget for the project.All the best,Jack

Main house performing mostly cosmetic renovations What was the outcome?

When I was referring to software that will help me analyze deals I was looking for something that will assist me in  performing a CMA.

Yes NY is expensive but long term wise it'd perform better then any Midwest property.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

We're looking to sell our rental property that isn't performing well.

I've had the goal to do it in 6-7 months and been beating myself up for poor performance as the GC... feeling much better now!

But you can also loose some or all of your money if you do not perform your due diligence and watch your investment closely.Happy investing.

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.