Definition
Fair market rent is the reference point for rent increases, assessed values, and voucher payment standards. It is estimated from comparable active listings and recent signed leases, not from what the current resident happens to pay.
Fair market rent is the reference point for rent increases, assessed values, and voucher payment standards. It is estimated from comparable active listings and recent signed leases, not from what the current resident happens to pay.
Two-bedroom units in a submarket list between $1,800 and $2,100 — fair market rent lands near the median of the recently leased ones.
Every pricing decision is a bet against this number. Price above it and you buy vacancy; price below it and you fund a discount for the whole lease term. A day of vacancy usually costs more than a modest price concession.
Use signed leases over active listings — an unrented listing is an asking price, not a market. Match on bedroom count, condition, and included utilities. Refresh the estimate each leasing cycle rather than carrying last year's number forward.
Anchoring on the highest comparable, ignoring concessions that lower the effective rent, and comparing units with different utility arrangements. Note that HUD publishes its own Fair Market Rent figures for voucher programs; those are a program standard, not a market estimate.
Additional rent means charges beyond base rent that the lease enforces as rent. What it covers, why the label matters, and how to bill it.
Applicant screening verifies credit, income, rental history and references. How uniform criteria work and where fair-housing risk sits.
Cap rate is net operating income divided by value. How to calculate it, what it tells you, and where the number gets distorted.
CAM is a commercial tenant's pro-rata share of shared-space costs. How estimates, reconciliation and caps work in practice.
Delinquency is the state of being past due on rent. How aging buckets, late fees and escalation work without heading straight to eviction.
Escrow is money held by a third party until a condition is met. What it means for deposits, rent disputes and closings.
$49/month includes 5 units, then per-unit pricing that drops as you grow. Optional modules are billed separately and must be added deliberately.
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