Updating the Estimated Market Value of a Property

Updating the Estimated Market Value of a Property

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 nor required in tax reporting.

To update the Estimated Market Value of a Property:

1) Navigate to the Properties page and click View Dashboard

2) Click Edit in the upper right corner

3) Find and update the Estimated Current Market Value field

4) Click Save at the bottom of the page

5) Contact us with any questions! 
    • Related Articles

    • How to enter a property sale in REI Hub

      This article details how to create a journal entry for a recent property sale and enter it into REI Hub.  Manual Journals are used for property purchases, sales, and refinances as these are all complicated transactions touching multiple accounts, and ...
    • How to enter a recent property purchase in REI Hub

      This guide details how to properly account for a rental property purchase in REI Hub using your closing statement. For more context on the subject, also check out this resource article. This is an important transaction, as it sets the ...
    • About Property Management

      Many real estate investors utilize property managers or property management software that can receive funds and/or pay expenses on behalf of the property owner.  While this can be a great help, it also carries the potential to complicate your ...
    • How to add property basis when purchased prior to the current period

      This article outlines how to add your property fixed assets and basis to REI Hub for properties purchased before the current accounting period (prior to your bookkeeping start date).  For properties purchased in the current accounting period (after ...
    • Updating your payment information

      To update your payment information: 1) Open the right side menu Click the three horizontal lines in the upper right corner next to your Portfolio name. 2) Click on Subscription 3) Click the 'Update Payment Method' button: At this time, Subscription ...