The reports already include estimates of what people can expect to charge in rent on a monthly basis, but those estimates are based on a year-round rental.
Los Angeles, CA (PRWEB) June 20, 2014
PropertyValueLookup.com is expanding their reports to include seasonally adjusted rental values, the company announced yesterday.
“Not everyone who purchases real estate as a rental investment does so with the idea of offering five-year leases,” a PropertyValueLookup.com spokesman said. “Many come up with the idea of renting the properties out on a short-term or seasonal basis. That can greatly affect the investment value of a property, so we want to include that in our property value reports.”
The reports already include estimates of what people can expect to charge in rent on a monthly basis, but those estimates are based on a year-round rental, he said.
“With many properties, an owner can get much more value out of them by renting out on a short-term basis in the summer months,” he said. “Other properties, those near ski resorts, for example, can bring in much more money on a short-term basis during the winter months. Therefore, we think that investors want a sense of what the property is worth on short-term rental contracts.”
The estimates will be based on the property itself, the rental prices of similar nearby properties, and other economic indicators, he said.
“We've put together a formula that should give people a fairly complete picture of short-term rental options,” he said. “This will help people know if they should be offering short term or long term leases to get the most out of their real estate investment.”
Customer service website PropertyValueLookup.com was created to serve the needs of public records clients across North America. With thousands of requests processed each day, PropertyValueLookup.com continues to grow as a reputable customer service resource. Visit PropertyValueLookup.com to chat with a live representative, call 1-866-727-5728, or email manager(at)PropertyValueLookup(dot)com with any questions or concerns.