Truckee, Calif.-based Clear Capital has introduced its Rental Market Report, which is designed as an extension of the company's broker price opinion product.
According to Clear Capital, the Rental Market Report uses an analysis of rental comparables in the local area, evaluates property characteristics, and investigates rental market trends for the area including the number of rentals on market, days on market for rental listings, and if rates are increasing, decreasing or stable. It concludes with ‘as is’ and ‘as repaired’ estimates of the rental rate for the specific property.
‘With investment opportunities in rental properties heating up, investors and organizations are looking for much higher degrees of insight into the rental potential of their properties,’ says Kevin Marshall, president and co-founder of Clear Capital. :This level of insight is only possible from a feet-on-the-ground analysis.’