Question: When Completing a Residential Comp Grid why don't you include the Effective rent of the Subject property?The purpose of completing the Residential Comp Grid is
When Completing a Residential Comp Grid why don't you include the Effective rent of the Subject property?The purpose of completing the Residential Comp Grid is to help determine what the Effective Rent rate should be based on the analyisThe effective Rent of the Subiect property is not important to knowUsing the Effective Rent of the Subject property will skew the results of the analysisit is not important because the in place leases prevent a Landiord from adjusting the Effective rents.
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