All Forum Posts by: Bjorik Mutize

@Jason Connolly walk the property with a contractor. Pay the contractor for the time to walk the property with you! Hard to estimate this by pictures/off-site.

@Garmeon Y. As the majority I’d say face to face. I mean even from their eyes, do they not want to meet you for a showing before signing a lease?

Demographic and Economic Trends

Unemployment and population 5 year trends

-Under population, break down by age range

Job diversity/Top 10 employers...ie. not one industry taking 20-25%

Supply and demand: Vacancy, Med rent, Landlord/tenant friendliness as described above, upcoming construction

Climate is a fun one...is it relevant idk...i just like looking at climate trends of different places while i'm at it.

Census.gov is great for all of this

Sorry if i'm bumping up a fairly old thread, but i have recently began looking into Dallas/Dallas Sub-Markets to find add-value multifamily 10-30 units.

Would love to discuss with anyone with experience in the area!

Bjorik

@Brian Ellis such a good deal. I wish I did that with my first rental as well.

@Kyle Hern fun way to learn how to manage a place while living in it. Perhaps hand it over to a PM as you move out if you decide to down the line!

@Julie Marquez general letter notices with a reminder of being respectful of noise to all tenants but that’s as far as I would go. I probably wouldn’t even do that.

@Benigno Cunanan yea that sucks. Glad you were able to get out. Did your agent personally let you see the comps?

@Anthony Congrats! I’m sure you will still get bites especially if it’s upgraded. 6 month lease with a matter of concessions on rent or utilities. “Looking for a nice new place to bring in the New Year?” Lol

@Scott Goulet agree with @Frank Wong I’m sure they are well aware of their joint liability on the lease. Let it play, audit and make sure you are collecting what you need to collect as normal!