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How to determine value of rental property
In 2019 I purchased a one-acre property that has two homes - a 2 bed/1 bath, 1176sq.ft. home that has been (and remains) a rental, and a 450sq.ft. studio home (like a guest cottage), where I live. The property cost $335,000. The renter has primary use of about 1/3 of the property. How do I determine the value of the rental, given that it is actually the main residence, whereas I am living in the smaller home but have access to more of the land?
March 18, 2020
10:45 PM