The most recent Swope Investment Properties Newsletter has some great articles for property investors that I wanted to pass on to our blog readers.
Page One: Stacy McBain provides a great summary of what to expect from the Ada County Assessor regarding value increases. She also summarizes the process for appealing assessed property values as well as some of the factors used in assessing investment properties.
Page Two: Eric Uhlenhoff describes how putting emphasis on "market" rents, could be the way to go due to a large disparity from actual rents to projected rents within MLS listings. So long as projected rents fall within market, this certainly is sound advice.
On the bottom of page two is an invitation to the AVID Investors Club. This club has been growing and has proven to be a great resource for investors. Members not only learn more about the real estate investment and rental market, but are also making great connections. For example, an AVID member helps facilitate a hard money loan for a property owner.
Page Three: I share an update to one of the metrics I track for Ada County 4 plexes showing how Gross Rent Multiplier has spiked and what this does to value.
Also on this page, Mary Nelson explains the advantage of working with a small brokerage who focuses on personal service. I have worked the opposite side of real estate transactions where the other side is a team and I tend to view it as an assembly line process. The product passes through several hands before final assembly, which works great when producing widgets.
To subscribe to these newsletters, please contact Shane Brown at firstname.lastname@example.org or 208-501-4000.
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