Properties in REI Hub can have an Estimated Market Value associated with them. The estimated market value is used to help investors estimate their equity in current market conditions and is reflected in cards on the portfolio and property dashboards.
It is also used in some returns-based reporting. The estimated market value is not the same as the book value or basis of the property and is not used or required for tax reporting.
To Update the Estimated Market Value of a Property
1) Navigate to the Properties page and click View Dashboard
2) Click the 'Edit' button in the top right corner
3) Update the Estimated Current Market Value field and click 'Save'
4) Optionally Update the Property Image
Many customers choose to update the property image when they update the market value. To update the property image, remove the Streetview image we automatically populated, select the new image file from your computer, and click 'Save.'
Still have questions? Reach out to our Support Team via email at [email protected] or call us at (888)939-6865.