"The GRM" is a way to estimate the value of a property by dividing its "sales price" by its "gross scheduled rent" and then multiplying that number by the property's "gross income".
These are questions that the above text answers:
1. What is the GRM used for in real estate valuation?
2. How is the GRM calculated?
3. What are the three components involved in calculating the GRM?
4. What does the GRM estimate in terms of property value?
5. What is the formula for calculating the GRM?
6. What is the significance of the sales price in the GRM calculation?
7. How does the GRM take into account the property's gross scheduled rent?
8. What role does the property's gross income play in the GRM calculation?
9. Can the GRM be used to estimate the value of any type of property?
10. Are there any limitations or considerations to keep in mind when using the GRM for property valuation?