Strategies to Determine Fair Rental Rates for an Investment Property

 

Fair Rental Rates pic

Fair Rental Rates
Image: investopedia.com

Jason Cohen of Jason Cohen Pittsburgh has his headquarters in Pittsburgh and has acquired multiple real estate investments in less than a decade’s time. An expert on real estate strategies, Mr. Cohen currently serves as the principal of Jason Cohen Pittsburgh, which provides expertise in a broad area of real estate investments that range from evaluating the potential profitability of a property to setting fair rental prices.

When setting rental prices for an investment property, fair rental prices should be listed to encourage long-term renters and avoid the cost of turnover. The use of comps is one strategy often used to determine fair rental prices.

A comp, also known as comparables or comparable sales, is an analysis of recent, nearby sales or rentals gathered to valuate real estate property. Individuals who look at comps are implementing a sales comparison approach (SCA). When identifying properties with this approach, they should possess similar qualities such as square footage and the number of bedrooms and bathrooms. This approach allows rental prices to be set competitively with other landlords and also attract tenants.

National Multifamily Housing Council – Main Events in 2017

National Multifamily Housing Council pic

National Multifamily Housing Council
Image: nmhc.org

A leading real estate investor and consultant in Pittsburgh, Jason Cohen leads his group, Jason Cohen Pittsburgh, in advising real estate investors in the area. Outside of his role at Jason Cohen Pittsburgh, he contributes to the work of the National Multifamily Housing Council (NMHC), which holds a number of informational events each year.

NMHC’s two major events scheduled for 2017 are the NMHC Student Housing Conference and Exposition and the NMHC OPTECH Conference and Exposition.

The NMHC Student Housing Conference and Exposition will take place from September 25 through 27 at the Tampa Marriott Waterside Hotel and Marina in Florida. The annual event draws more than 700 attendees involved in student housing, from owners and developers to lenders and university partners.

The NMHC OPTECH Conference and Exposition is scheduled for October 25 through 27 at the Mandalay Bay Resort and Casino in Las Vegas. The event brings together leaders in the multifamily housing sector to discuss strategic action and share new ideas.

National Multifamily Housing Council Names 2017 Charity

National Multifamily Housing Council pic

National Multifamily Housing Council
Image: nmhc.org

With more than a decade of experience in real estate investing, Jason Cohen leads Jason Cohen Pittsburgh, a platform of partnership opportunities for those interested in real estate investing. Involved in numerous aspects of investing, Pittsburgh resident Jason Cohen stays current with investment trends through the National Multifamily Housing Council (NMHC).

An organization where leaders of the apartment industry gather, the NMHC offers a platform for advocacy, insight, and action. The national association represents leaders of the $1.3 trillion apartment industry, with most of its members working as principal officers, including managers, developers, and owners.

Each year, the NMHC and its members raise money for a selected charity, with the organization raising more than $1.3 million since the undertaking began in 2012. In December 2016, NMHC selected Shelters to Shutters as its beneficiary for 2017.

Nonprofit Shelters to Shutters helps transition people from homelessness. Real estate professionals provide employment and housing opportunities, giving participants a way to become self-sufficient. Started in 2014, Shelters to Shutters now operates in 11 US cities.

Why you should attend a national real estate conference by Jason Cohen Pittsburgh

Why You Should Attend a National Real Estate Conference

Why you should attend a national real estate conference by Jason Cohen PittsburghConferences hardly appeal to most people, and in the field of real estate that’s no exception.  Yet if you attend a real estate conference, you’ll often find that there’s a lot more to them than meets the eye.  You might dread it, but if you can attend a national conference you’ll find plenty of experts across the real estate fields, ready to impart and share knowledge.  Here are some reasons you should sign up for a national real estate conference right now, based off an article I found on BiggerPockets by an author who recently visited one:

You’ll learn ways to improve your business: At a national conference, you’ll learn countless new ways to improve your business, many of them unexpected.  The author of the article talked about meeting the CEO of Taskeasy.com at a conference she attended, a company that’s revolutionizing lawn care as the “Uber of lawn care services”.  They often offer lawn care at dramatically reduced prices, allowing homeowners and investors to save plenty of money.  Not something you often think about, but a major money saver nonetheless.  This is just one example of how you can learn to improve your business in a way you never would have thought about before.

You’ll be able to network: That golden word, “networking”, is one of the best reasons to attend a national conference.  Here you can meet potential partners, funders, lenders, mentors and more.  Participating in these conferences allows you to meet people you wouldn’t normally have the chance to meet on a daily basis.

You’ll expand possibilities: At national conferences, you’ll meet investors with massive portfolios.  While it might be easy to be intimidated by this, you can let it inspire you and provide you with a tremendous chance to stretch yourself and your thinking.  If you keep your ears and mind open, you’ll learn to think differently about your business.  

You’ll learn from experienced investors: Conferences offer panel discussions with lively debates about every aspect of real estate investing.  The author of the article spoke about how the conference she attended included shark tank panel discussions that allowed people to see how investors pitch companies with large funds to invest.  The topics range from raising money to running a more efficient property management business.