All Forum Posts by: Bogdan Cirlig

Zilpy.com launched Mobile Deal Cashflow and ROI Analysis tools to help you analyze your investment in less than 30 seconds on the go on your smartphone.

• The rental and valuation data collected in real-time from over 4 million active listings nationwide
• Vacancy info is already pre-filled from Zilpy Rent report. 
• Play "what-if" scenarios and see the numbers changing in real-time
• Still using Excel? Just pull out your phone and see the numbers in 10 seconds at Zilpy.com

Get your first reports free and 15% off lifetime savings with this special url:zlp.re/x2248

That is in addition to the comprehensive Rent and Valuation estimates that use not only the number of bedrooms, but also Property type, Baths and SQFT plus crime rate, school ratings and demographics to identify similar neighborhood comparable properties.

See up to the minute comparable properties as soon as they appear on the market, from all syndicated sources covering 98.5% of the US population.

Save hours of scouring on Craigslist, Zillow and other listing sites, we already do all that for you. We're crunching an average of 15 rental and for sale listings and updates each second, around the clock. That's over 1 million per day!

Find out why professional Appraisers and RE Agents use Zilpy.com to estimate the Cash-flow of an investment. Get your FREE Zilpy Rent & Neighborhood Crime Report now at Zilpy.com today!

I give credit where credit it's due. (ps: also it doesn't cost me anything to be nice)

Let's be pragmatic for a second. If you close the deal today as is with current tenants in, are you cash-flowing? If yes, this gives you time until lease expires and not be in red. IF, the tenants are great and you wish to keep them, have a talk to them and explain honestly, hey look you had a great deal but I'm buying etc and market is in a different place today, I know it's not what you wanna hear but current market rent is $xxx/mo and I'll give you a 10% discount for being great tenants and staying. Have them sign a lease extension at new price before you close, that way you know you're not gonna be in the dark if they pull a quick on at the end of the lease.

Not sure why lots of people look at it from the wrong angle "how much can I raise it per year" vs. "how much discount can I give from market rent" instead.

If you know 200% you can rent it before it's vacant at 90% market rent then that's your strategy if they move out. I feel for tenants, but we're running a business here that needs to cashflow so...

Nice presentation!

Make it ice and clean and put one short statement that you want to be remembered as. Not 2, one. Here's a great example: "I buy ugly houses". Not more not less. Don't clutter it with... "clutter". Makes it hard to read from 10 ft across which BTW, that's the font size you should put on, to make sure they can read from afar. Also stick your mugshot on it so people put a name on a talk after a REIA meeting or similar.

@Fred Heller yes, an AVM that doesn't account for sqft and baths or property type will be way off.

Keep in mind the 2 core aspects of dealing with Sect 8:

1. S8 pays for the rent, hence you have a relationship with S8. You can refuse to have this relationship. Mind you, if your tenant gets kicked from S8 for doing something stupid such as not responding to annual income verification request S8 sends them, but you still have a lease with them in place, S8 will leave you holding the bag to evict the tenant and recover lost rent from tenant. S8 doesn't sign a lease with you, the tenant does.

2. Your tenant that brings in an S8 voucher. You can't discriminate this tenant on his own merit against all other applicants. I always state min income req must be x times the rent, and that alone applied to *ALL* prospects, takes care of any S8 that will not qualify.

You can't refuse the tenant if they qualify, but you can refuse to do business with S8. You can tell the tenant, "hey listen you're in, but I don't do business with S8, can you pay for the rent yourself"? So, you don't discriminate at all against the Tenant as a person.

As always, local governments are crazy enough to creep onto you with some nasty things, so check with a qualified attorney.

I plan for min 10% vacancy unless you know precisely that area at any given day. Example, most properties in Silicon Valley in B+ class asset will rent in less than 2 days on the market 30-60 days ahead of availability date and usually with 10 apps on it and for rents between 3k and 5k for a 3 BDR 1500 sqft SFH. Vacancy here is virtually 0 but plan for worst and enjoy the best.

The 1 mo vacant per year (hence 8.33% vaca factor) is usually the rule of thumb. If your property doesn't rent in 2 weeks of being on the market, there's nothing wrong with it but the price is too high for what's offered.

Sacramento Rental Market continued to be strong in March 2015 with modest increase of 0.78% from last month and an overall 4.53% when for the past 12 months. Access free market reports like this for every metropolitan area in the US and also a breakdown by city and neighborhood.

This report is brought to you monthly by Zilpy.com, the leader in Rental Market Analytics since 2008. Access this report on your smartphone on the go when you need it.