Are you planning on investing in a Portland Oregon Multifamily Property but you’re also wondering how a market analysis is done for multifamily properties? If so, you’ve come to the right place!
At Rent Portland Homes, we have decades of combined property management experience and can provide you with excellent property management services so that you can have confidence that the units in your multifamily property are renting for top dollar.
In this article we will offer you several insights into how we do a market analysis for multifamily properties in Portland Oregon.
Multifamily Market Analysis Explained
When doing a market analysis for a multifamily property in the Portland area there are several factors that we consider before pricing the units in that property. Some of the things that we look at during a market analysis include:
- How many units are in the complex?
- What is the bed and bath count per unit?
- When was the complex built?
- Does the complex have high end amenities? Is it in demand?
Although knowing the basics are important, one of the most important things that we take into account when doing a market analysis of a multifamily property in Portland includes asking what’s different about the property?
Does the property have lofts or penthouses, are the units bigger than comparable properties and do they have a higher bed/bath count?
Why Work With Rent Portland Homes?
Working with an experienced property manager like Rent Portland Homes will save you time and make you money because we will do a ‘forensic review’ of all aspects of your rental property.
You can also count on us to analyze your P&L, cap rates and cash flow statements so that you can have confidence that you’re getting the best ROI from your PDX investment property.
To learn more about the property management services that we can offer you, contact us today by clicking here.