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Updated over 6 years ago, 05/08/2018
Zillow is stroking my ego.
This rehab/rental-turn took too long to complete, but the results are pretty good. We've got an approved application (getting holding deposit tomorrow) from 2 well-qualified tenants, and I'll be overjoyed to shut off Niagara Falls into my email inbox.
We did get pro photos ($150). Most landlords I know would laugh at me for doing this. But 3 fewer days of vacancy alone pays for this cost, plus the incalculable reward of attracting the best tenants.
My previous listing had a similar result from pro photography and a well-designed space.
I did price this unit competitively compared to other "3 bedrooms" in the area. But this is a small unit, where the third bedroom/den has no window, and the property is close enough to a busy street and train tracks that you can hear the truck traffic and the train. I wanted to attract the best tenants who would stay in the unit long term. Plus, we converted this from a 2 bedroom unit, so the rent is much higher than what it would have been with just 2 bedrooms.
Rental success stories are allowed in this forum, right?
This chart is hilarious to me: