At Ren Management, we provide a complimentary Broker Opinion of Value for your Self-Storage facility or RV Park, regardless of its location in Texas. Additionally, we can offer rental rates for competitor self-storage facilities in select areas.
To conduct a comprehensive BOV, we require various financial and management reports, including:
Obtaining a Broker Opinion of Value (BOV) typically initiates the property evaluation process. Unlike an appraisal under the Uniform Standards of Professional Appraisal Practice, a BOV estimates a property’s sale price. It offers owners an accurate insight into their property’s market value, considering its historical performance over the preceding 12 months, known as the “Trailing-12”. At Ren Management, we not only assess historic numbers but also project potential valuations using market rates and adjusted expenses.
Get in touch with Ren Management today to kickstart your obligation-free evaluation.
