@mannyawasom: Check market rents against your comps. Why it matters: โ Loss to lease is the gap between market rent and what tenants actually pay. That gap gets pitched to you as upside. โ A seller's market rents are just numbers on a rent roll. If they're set too high, the "upside" is too. โ In Manny's example, an 8% loss to lease could turn out to be 1% once you run the comps. The rent roll tells you what the seller says. The comps tell you what the market says. ๐ We break down concepts like this using real underwriting examples in the FREE MSA Deal Room every Saturday at 9:00 AM PT. ๐ For more underwriting tips, visit: ๐ msadatainsights.com/dealroom ๐ข See how XSITE Capital underwrites its deals: ๐ xsitecapital.com #multifamily #underwriting #realestateinvesting #commercialrealestate #apartmentinvesting #rentroll #rentcomps #losstolease
