Rent Multiplier
Learn the "magic" formulas to figure in seconds how much to pay for a property, how much rent to charge, and how well the rent you now charge compares with
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a profitable rent. Includes complete instructions and examples.
Obviously it is no substitute for a complete investment analysis, but using it can provide a number of different advantages. Among them are:
First, you know immediately if a property you are considering is worthy of further investigation. You don't need to waste any more time on most properties.
Second, you know in seconds if the rent you are charging is within a profitable range. Then you can work out a plan to get the rents up, if need be.
This tool will give you a leg up in all your investment dealings.
Introduction
What is a Good GMRM
How Much is A Property Worth
How Much Rent to Charge
How Can Make a Property Rent for More?
What Is My Gross Monthly Rent Multiplier Now?
Conclusion
BONUS SECTION: Other Real Estate Investment Terms and Concepts
Operating Expenses: How to Slow the Down Before They Stop You
GMRM spreadsheets
Calculation Worksheet
A piece of rental property is worth no more than the amount of rent which it can deliver times an appropriate GMRM.
That statement, of course, is a real over-simplification. Perhaps the rents it returns now, or should return now, are a little low, but you know that in the near future some event will take place which will enable you to raise the rents much higher. That could be a new shopping center or factory, or, maybe, a new Convention Center.
The formula to figure out how much a property is worth is:
Amount financed = Market rent x GMRM
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