Orange County NC Website
DocuSign Envelope ID:23862A6C-DAD2-4C7F-98FE-91E5CE6EAEOE <br /> GoSection8.com <br /> Rent Reasonable Methodology <br /> The GoSection8.com rent reasonable program uses an automated hedonic valuation model(in <br /> this context hedonic price analysis determines how the price of a unit varies with its <br /> characteristics) to identify and compare the program subject unit to the most similar private <br /> market rental property units within a specific geographic radius. Some key features are: <br /> • Dollar for Dollar Adjustments- GO8 uses a true market based methodology which <br /> overcomes the inherent artificial numerical "value" assigned to point based comparables <br /> because of unknown variables. GoSection8 fine-tunes the rent reasonableness process, <br /> allowing dollar for dollar adjustments based on the critical market factors that impact <br /> rent in your area, ensuring an "apples-to-apples"rent comparison. <br /> • Integrated Comparable Rental Data - GoSection8 gathers, organizes and maintains a <br /> database of market-based comparable units. The primary source of comparable data <br /> included in the GoSection8.com product is open market rental data. GoSection8.com <br /> incorporates ongoing real time data mining of open market rental data from over 300 <br /> rental listing websites and newspapers. This ensures a rental database that is always <br /> current and statistically accurate. The data is harvested both electronically with <br /> proprietary technology as well as manually by dedicated data analysts. The open market <br /> listings are appended with local tax assessor information along with market <br /> assumptions on utilities and amenities thereby assuring an accurate and verified rental <br /> comparable. <br /> • Download Current PHA Rental Data- In many cases, a PHA may already have a file <br /> or database of valid comparables. The GoSection8.com database can be populated with <br /> these comparables. GoSection8.com requires that the comparables are provided in a <br /> prescribed Excel format. They are loaded into the data base as part of the software <br /> installation process. In addition to uploading the PHA's current data base of comparables, <br /> a PHA may add individual comparable unit information on an ongoing basis if it so <br /> chooses. <br /> GoSection8.com 3 <br /> 5000 T Rex Ave,Suite 150 Boca Raton, FL 33431 • 866.466.7328 • hasupport @gosection8.com <br />