I am trying to analyze a condo that has a monthly rental income higher than market rents. What is the procedure for entering the higher rent for the next 4-6 month period and than have a gradual % increase after the first 12 month period up to 5 yrs.?

Example:

Current Monthly Rent $850. and assumed for up to 4 months.
Drop in monthly rental to $800. after 4 mos. for the balance of the year.
Increase of 2% for next 12 months and 5% increases for the remainder up to 5 years.

Is this possible in REMA.

Hi Jeff,

I would handle it this way:

In Expenses:
Enter the rent as $800
Enter a one-time income item (rent) of $200, that being the extra $50 for 4 months

In Assumptions & Notes
Enter 5% for the annual income appreciation assumption. You cannot make different % increases for each year, and your difference in the first year is not big enough to make a real difference.

And that should do it!

Very good. Thanks
REMA program provides excellent value. Especially like the analyzer.