All Forum Posts by: Dale Miller

@Dale Miller this is going to be not only market specific, but also sub market specific. I invest a lot in Berwyn and Cicero which are right outside Chicago. We have extremely high demand and it normally takes less than a week to fill an apartment. Most of the apartments are in the $900-1300 range though, so they are very affordable to every day folks.

@John Warren Good to hear. Wow that isn't long to wait to find tenants. Hope it stays like that. Thanks for your reply

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Originally posted by @Nick Barlow:

@Dale Miller it depends on market. My experience in the Midwest (Small town in Indiana and Cincinnatti OH) is identical to @Jill F: I can’t get renovation done fast enough during turnovers.

@Nick Barlow that's great ! It's good to hear that investors are filling units and not having troubles with rents and payment. Thanks for your reply

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Originally posted by @Donald Crockett:

We have on vacancy now since September. We have advertised and received many inquiries but no one is qualified. Our requirements are not so high as to be be hard to meet, in my humble opinion. So it seems like there's a lot of people looking for a place to rent, but they don't have the income to qualify for what they are seeking. They might qualify for a C apartment but not a B SFH.

@Donald Crockett I hear ya. Sounds like you are rolling right along. Glad your not struggling to fill your units. Hopefully that one gets filled with a solid long term tenant. Thanks for your reply

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Originally posted by @Jill F.:

Not mine. I can't get them reno'd fast enough. Usually I end up "pre-renting" before my reno is even completed.

@Jill F. Very good that is promising news to hear! I am looking to purchase some mulifamily and hesitant and cautious until I am confident the rental market will be ok with paying tenants. Thanks for your reply. Take care!

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Originally posted by @Bjorn Ahlblad:

@Dale Miller I have had a couple of MF vacancies since March. I screened the applicants like crazy and filled the units with paying tenants. It might have taken a little longer but likely because I have raised the basics and am screening harder.

@Bjorn Ahlblad Sounds like you are being extra cautious which is good and its good to hear you are keeping your units filled!

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Originally posted by @Bjorn Ahlblad:

@Dale Miller Certainly if you follow the media we are about to fall into the evictions abyss! With who knows how many millions of pent up evictions demand desperately awaiting a judges order. All my 20 tenants have paid every month including October. I hope my fellow BP land lords and ladies are doing equally well.

@Bjorn Ahlblad Who knows if the media is going to be right. It sounds like that could happen. Good to hear your tenants are paying on time and no evictions are in the near future. Thanks for your reply. Take care!

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Are multifamilies remaining vacant in this fragile environment?

I found a few multifamilies for sale that have been vacant for 6 months and a year.

Has anyone had trouble filling their rental units longer than 3-4 months. If so why and how many times?

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How are the tenants making rent these days and does anyone have to start the evicting process soon or started already?

That has to be a difficult situation and a pain?

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Originally posted by @Matthew Irish-Jones:

@Dale Miller Way to go!

@Matthew Irish-Jones Thank you sir!! Talk soon

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Originally posted by @Khaled Morad:

Congrats!

@Khaled Morad Thanks!! I'll just have to figure out where to advertise that might get me a customer.

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All Forum Posts by: Dale Miller

Dale Miller has started 29 posts and replied 163 times.

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are Landlords waiting to start evictions

Post: Are multifamilies remaining vacant in this fragile environment?

Post: Are Landlords waiting to start evictions

Post: Just passed the real estate salesperson new york state exam!!!!!

Post: Just passed the real estate salesperson new york state exam!!!!!