| Market Rent Analysis | | | | When contemplating a market rent analysis it |
| | | | is prudent to consider including suggestions |
| Market rent analyses evaluate the subject | | | | for financially feasible upgrades as part of |
| property, competing properties, and market | | | | the scope of work. The data gathering and |
| conditions to document an equitable level of | | | | analysis will take a modest about of |
| rent in an arm's length transaction. | | | | additional time. Suggestions for upgrades can |
| Estimates of market rent are developed | | | | enable the owner to substantially enhance the |
| regularly for market studies, appraisals, | | | | value of the property. |
| lease disputes, and to provide an owner or | | | | |
| prospective investor with objective opinions. | | | | O'Connor & Associates is the largest |
| | | | independent appraisal firm in the |
| Steps in market rent analysis include: | | | | southwestern US and has over 40 full-time |
| | | | staff members engaged full-time in valuation |
| Review of subject property; | | | | and market study assignments. Their expertise |
| | | | includes market rent analysis, feasibility |
| Visit subject property and interview on-site | | | | studies, valuing real estate, business |
| staff; | | | | personal property, business enterprise |
| | | | valuation, purchase price allocation for |
| Select rental comparables; | | | | businesses, valuation for property tax |
| | | | assignments, partial interest valuation, |
| Gather data on rental comparables; | | | | estate tax valuation, expert witness |
| | | | testimony and valuation for condemnation. |
| Visit rent comparables and interview on-site | | | | They have performed over 10,000 of market |
| staff; | | | | rent analyses. |
| | | | |
| Review market data regarding rental and | | | | O'Connor & Associates Market Research |
| occupancy rate trends; | | | | division offers both timely data and |
| | | | consulting services to real estate brokers, |
| Summarize rental rate features and amenities | | | | investors, lenders, developers, and other |
| of subject property and amenities; | | | | real estate professionals. This includes |
| | | | information regardingreal estate valuation |
| Make adjustments for differences between sale | | | | ,tax deduction ,market study,market |
| price and comparables (based upon data and | | | | research,property tax,due diligence,financial |
| insights obtained during visits to rent | | | | modeling,expert witness,estate |
| comparables); | | | | taxes,Williamson Central Appraisal |
| | | | distric,Tips and Tricks for Appealing Your |
| Summarize and report conclusions (report can | | | | Property Taxes in Travis,Travis county |
| be oral to detailed narrative report). | | | | appraisal,Federal tax reduction. |
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