If you are looking to purchase an investment property, it is important to ensure that you obtain an independent written rental appraisal (similar to a valuation when buying a property) from an experienced property manager rather than a salesperson.
Salespeople can unintentionally share a rental figure when put on the spot without the necessary market condition knowledge and documented research.
A good rental appraisal is one with a low to high rental range that is substantiated by evidence, known as a CMA Comparative Market Analysis that outlines similar properties that are currently on the market for rent.
Our skilled property management team are happy to offer a no obligation complimentary rent appraisal to give you peace of mind when purchasing an investment property – even if the property is listed with an outside agent.
Reference: PPM Group