As social distancing guidelines get tighter in many metro areas, property management companies need to work with tenants and landlords a little differently.
The quickest way to determine whether a property is worth investing in is to use the Gross Rent Multiplier method (GRM).² The GRM is a good rule of thumb that can help you decide whether something is worth further investigation or whether you should leave it and move on to the next prospect.
When it’s time to set the price for your rental property, you may be tempted to just set the price at your mortgage — or even half the amount — to determine a “fair price” for your property.