Why do rent-multiplier examples sometimes give very different numbers?
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Check whether rent is monthly or annual. A $240,000 property renting for $2,000 per month has a monthly multiplier of 120. Using $24,000 annual rent gives an annual multiplier of 10. Both calculations describe the same example. Never combine a monthly multiplier with annual rent, and remember that gross multipliers leave expenses out.
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Discussion prompt: What rent period is attached to the multiplier in your example?