Vacancy rate is an important tool that landlords can use to assess rental market health. Learn how vacancy rate is calculated with SmartMove.
Property price appreciation generally tracks inflation plus 2%. In other words, if the latest inflation figure is 3%, you can expect a ~5% increase in national property prices. Over the years property price changes can fluctuate wildly of course. But if you look at property prices over a 10-...
Subtract the actual monthly rent income from the property’s average gross income rate. Divide this figure by the gross income rate. This figure, represented as a percentage, is the vacancy and rent collection loss expected for the property for the year. Tips Property analysis only yields inform...
As you’ve noticed, part of the cap rate calculation is theNOIornet operating income. The NOI is simply the property expenses subtracted from the income generated by the property. Remember that the NOI is the figure before tax, which means it excludes loan interest, depreciation, and taxes. ...
This will give you much better insight into what caused the attrition – as opposed to just looking at an overall figure at the end of the year. It can also help you immediately identify and address what caused a spike. (If it was avoidable, you can learn directly from the experience, ...
Doing so won’t just generate a lot of queries for your business but will also position you as an authority figure in your niche. Once you get some clients – start asking for referrals Once you have a handful of clients (or at least 1 awesome client), you can ask for a referral. ...
introduced an incentive structure based on aschedule of rent increases. This way, a tenant has more visibility and transparency about future costs. Tenants might also be more incentivized to stay. Meanwhile, as a landlord, you get more visibility on costs and potentially a higher occupancy rate....
Resume readers are lazy (okay, “lazy” might be a little harsh–but YOU try to review a stack of 200 resumes and see how long they keep YOUR attention!), andwhen you send them an unfocused resume, it forces them to think and to try to figure out the best position for you. ...
Reis, Inc., a real estate research firm, reports on vacancy rates in New York's Long Island vis-a-vis other areas. Comparative data for 2007 and 2008 first quarter rates of office vacancy, apartment vacancy and retail vacancy including the effective rentals are offered.Sadovi...
that if you invest in a rental property, you need to take into account the possible fluctuations in your rental income. There are times when your property is vacant, which means it will not generate income. Taking the vacancy rate into consideration is crucial to get an accurate NOI figure....