In case of gross multiplier approach, under direct income capitalisation approach, if there is a difference in vacancy rates and operating expenses between the subject property and the comparable property, then should we adjust the value of the subject property or let it be the same.
In the notes we were told to adjust for the difference but in book it is written that the investor simply pays that value which will be either higher or lower due to the difference.
It will be given in the that you need to adjust 5% for this difference. So we lower the multiplier and use it.