Emmalee

A rent ceiling is the maximum amount of rent that a landlord can charge for a rental property. Rent ceilings are typically set by government agencies in order to protect tenants from being charged excessive amounts of rent by landlords. Why is the concept of rent control considered a price ceiling? The reason rent control … Read more

The gross income multiplier (GIM) is a quick way to estimate the value of a rental property. To calculate the GIM, divide the property’s purchase price by the gross annual rental income. For example, if you buy a property for $200,000 and it generates $20,000 in annual rent, the GIM would be 10 ($200,000/$20,000). The … Read more