In this video, we go over fair market rent and how it can work for your business. Make sure to check out DoorLoop today: [ Ссылка ]
In real estate, one of the most important factors of a successful rental business is making sure that you are charging the correct amount for rent or the fair market rent. When tenants are not charged fair rent for the property they are renting, there could be many problems. One of the most prominent problems is extended vacancy, which is a quick and easy way to lose money. To combat this, property managers and landlords look to something called fair market rent. This value is very useful in determining the perfect amount to charge for rent and is based on various factors, like the local housing market or the square footage.
In this video, we will be going over what the concept of fair market rent means and why it is so important. We will also be going over some of the ways that it is calculated and showing how properties affect the market rent. Learn more by visiting our blog: [ Ссылка ]
0:00 Welcome!
1:12 What is fair market rent?
2:12 Small area market rent
2:59 How is the fair market rent calculated?
4:28 What are fair market rents used for?
4:48 Housing choice voucher program
5:43 Emergency solution grants program
6:19 Home Investment partnership program
6:56 Should landlords use the far market rent?
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Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.
Category: Definitions
What is Fair Market Rent and How Can it Work for You?
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