All Forum Posts by: Brian DeMasi

Let me start off with, I am completely new to all of this but not new to business in general. I’d definitely want feedback after the showings, as you’d get first-hand information from prospective renters. If multiple people chose another house for the same reason or avoided yours for the same reason, maybe you can pivot a little to prevent that issue being a factor for future prospective renters.

I personally dropped the zip code into Zillow and looked at your listing on a map and others nearby. There’s a lot of vacancy in the area with some listed for as long as two months. One that stands out to me is 1801 E 69th Terrace. 3/2 with similar square footage. While I feel it’s not as nice as yours, it’s also listed for nearly 30% less, with similar qualification requirements and pet policies.

1 Vote

Kansas City, Missouri

Quote from @Michael S.:

@Lindsay Davis - I appreciate the data and the dialogue.

I'd rather see a comparison of dollar amounts rather than percentages - they may have similar percents but the absolute dollar amounts should be quite different.

Let's use a tangible example.

So let's say you and I both own an identical 3/2 SFH - yours is in Decatur and mine is in Huntsville. Yours is worth 150k and mine is worth 250k.

Both appreciate around 20%. So you netted 30k and I netted 50k. 20k is a sizeable difference - so I think we can agree that similar percentages don't necessarily mean similar absolute dollar appreciation between the areas.

Here's the other consideration. Both houses need a new roof that will cost 15k. Now your net is down to 15k (10% return) and mine is at 35k (14% return). That's why I prefer absolute dollar appreciation rather than percent.

Again, this is just for the sake of dialogue for folks to consider when looking in North Alabama at investments.

Best wishes!

Thank you for this breakdown and explanation. This is literally my first post and this is exactly the type of stuff I hope to learn by joining.

1 Vote

San Francisco, California

All Forum Posts by: Brian DeMasi

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Post: When to lower rental listing price?

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