Workflow Templates: Rental Rate Analysis Checklist

Identify comparable rental properties in the area

Analyze comparable properties' rental rates

Adjust for property differences such as size, location, and amenities

Review historical rental rates for the subject property

Evaluate rental rate trends in the local market

Consider economic factors that could affect historical trends

Inspect the physical condition of the property

Assess the property's features and upgrades

Determine the property's desirability and competitiveness in the market

Calculate the potential gross rental income

Estimate operating expenses for the property

Project net operating income to determine feasible rental rates

Examine local employment rates and job growth

Evaluate the impact of local development projects

Analyze demographic trends and tenant demand

Research local rent control laws and regulations

Understand zoning laws that may impact rental rates

Consider the effect of tax rates and incentives on rental pricing

Rental Rate Analysis Checklist