All Forum Posts by: Bryce Kemmerer

Michael, that area is prime for rentals! Big drivers are the hospital/healthcare presence between Sentara, Eastern Va Medical School, and the children's hospital, also easy commuting to downtown Norfolk for banking and legal, AND you're a stones throw away from the largest college in the area, Old Dominion University. The volume of rentals is pretty high in that area but the get filled. Again, if your unit is in decent shape and even offers a few niceties, it'll rent fast and for a good $. 

I'd be happy to help you find something that meets your investment needs! I'm a licensed agent down here on the southside. If you'd like, you could PM me your criteria and an email address and I'll see what I can find for you!

-Bryce Kemmerer

Hello! The rental market is strong here in Hampton Roads. There is some competition, but what I'm seeing is if your property is in decent condition and is priced well it'll rent. The only problems I've seen folks have is when there are 17 other rentals in their neighborhood all listed at the same time. Those are SFR detached renting in the $1600-1800/month range. The market is better in the lower rent ranges as the pool of potential renters is larger there.

Best advice is to be forthright with all business you're doing with your Brokerage. They can help keep on the right side of the law when it's needed. 

Being an agent is all about disclosure! With your clients and your broker

Welcome Tony! I've seen your storefront numerous times there off Battlefield! Let me know how I can help you here in Chesapeake!

just inboxed you. Let's get them going!

Hello all! I'm a Realtor with Keller Williams in Chesapeake looking to help a few folks towards their REI goals. I am in the beginning phases of building my business up but have been studying REI and everything here on BP for years! Would love to attend a meetup group of local BP'ers as well! :-)

If anyone is looking for info, comps or wants to go look at property, let me know! 

Welcome to BP! I'd love to connect with you to discuss how we can help each other further our business endeavors here in Hampton Roads! I'll send you a colleague request! Again, welcome to BP!

@Brian Gibbons, I was studying all the materials you've so graciously shared with this community and I heeded your advice and got licensed!  What I need to do is get that written memo of understanding or a declaration between myself and my brokerage like you alluded to above.  THAT's my next step.

I like the idea of being able to offer the full spectrum of options to any seller: I can list your home, rent your home out with property management OR, I could buy on terms, and here are the benefits/risks of each!  Just like you explain in your videos!  The ink on my license is barely dried, but I'm planning on getting out there and making things happen ASAP!  Thanks again for all you do here!  It doesn't go unappreciated!

I'd also like to see what the community thinks about this!  I'd imagine you'd have to disclose that you're an agent?  Perhaps @Brian Gibbons can weigh in?  He's an expert and a true BP treasure trove of insight on this exact topic

Mike,

Southside MLS for Chesapeake and VA Beach shows approximately 50 multi-unit listings. Prices vary with the desirability of the different areas and the unit numbers. Let me know if you're wanting more information on available listings. I'm a licensed agent and I'd love to help you out! Even if it's just sending you search results weekly to start. Whatever you need.