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Competitive Market Analysis

Competitive Market Analysis

three page paper detailing the competitive market analysis for your Property Management Plan. In the competitive market analysis, you must compare the rents and occupancies of similar competing properties with your selected property. The competitive market analysis must also include a regional analysis and neighborhood analysis in which you outline the economic base of the metropolitan region, the geographic sector, and the local neighborhood in which the property is situated. New York, Brooklyn is the area where you will analysis.

Helpful references use them:

http://www.irem.org//File%20Library/Education/ManagementPlanHandbook.pdf

Google Earth (http://www.google.com/earth/index.html)
KnowledgePlex (http://www.knowledgeplex.org/)
Marcus & Millichap (http://www.marcusmillichap.com/)
Marcus & Millichap 2012 National Apartment Report )
Melissa Data (http://www.melissadata.com/lookups/index.htm)
National Association of Counties (http://www.naco.org/Counties/Pages/FindACounty.aspx)
NETROnline (http://www.netronline.com/)
Realtor.com (http://www.realtor.com/)
United States Census Bureau
Zillow.com (http://www.zillow.com/)