by Peter Lohmann | Jul 18, 2023 | Owner Education, Rental Market Trends, Rental Price
Fair market rents (FMRs) in the government sense of the word are calculated by the U.S. Department of Housing and Urban Development (HUD) and are defined as the 40th percentile of gross rents for regular, standard-quality units in a local housing market. Though used...
by Peter Lohmann | Mar 8, 2023 | Owner Education, Rental Price
If you’re new to property management or you’re entering a new market as a real estate investor, setting rent rates might feel overwhelming. Fortunately, it’s a data-driven process that really shouldn’t require any guesswork at all. Here are some tips to help you...
by Peter Lohmann | Mar 7, 2023 | Property Management Education, Rental Market Trends, Rental Price
Keeping your rental units filled with existing residents is almost always preferred to sourcing new tenants. But at the end of the day, you own an investment property and it’s in your best interest to ensure it remains profitable. So, how do you balance rent rate...
by Peter Lohmann | Jan 17, 2023 | Investing in Rental Properties, Owner Education, Property Management Education, Rental Market Trends, Rental Price
The longer your rental unit sits vacant, the higher your stress levels tend to rise. At a certain point, you may be asking yourself if you should reevaluate what you’re charging for rent. In the next two posts, we’ll discuss two scenarios when you should be looking...
by Peter Lohmann | Jan 18, 2021 | Investing in Rental Properties, Rental Market Trends, Rental Price, Uncategorized
At RL Property Management, we maintain a database of several dozen fields of data for each unit that we manage throughout Columbus and Franklin County Ohio. Three of those data fields include the square feet of the unit, the market rent of the unit and the zip code....
by Peter Lohmann | May 27, 2020 | Investing in Rental Properties, Owner Education, Property Management Education, Rental Price, Uncategorized
This post will review estimating the income and expenses of your rental property to determine your anticipated cash flow. You can download a helpful template to summarize your numbers at the following link: Property Proforma Template Below is an outline of the...
