You probably already knew that valuation of a property being considered for purchase is an important component of the selection process.  You probably now know that it can be a difficult task, particularly when a complex property is under consideration.  However, spending even 100 hours doing investigation and analysis that saves you $10,000 -- e.g., because you determined the proper cap rate or calculated a realistic NOI or properly analyzed the comparables -- means that you earned $100 per hour for you time.  Can you make this hourly rate doing anything else?  For large properties, it is not unusual that the listed price might be many tens of thousands over value.  And those savings are just for the front-end work.  Buying the property at the right price can also mean significant additional profits during the period of ownership.
      Understanding the  valuation process and becoming comfortable with applying the appropriate methods is an important component of successful real estate investment.  There are also many other areas of investment and management that are important for the owner of income property.
      Your RHOL membership provides you with access to the information and tools necessary for becoming a knowledgeable investor and efficient landlord.  Services provided by RHOL for members include:

• Instant credit reports from the Web ¹
• Forms & Agreements - downloadable and many editable Word and/or Fillable PDF ¹
• Forums, e-mail, phone - get help with specific problems ²
• Web based instruction via e-courses ¹
• State landlord-tenant laws ¹
• VacancyList web and Haves & Wants web
• Pages that discuss subjects from Abandonment to Zoning ³

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