All Forum Posts by: Dolly La Salle

@Nathan Gesner Just want to say thank you for your vote. :)

@Nathan Gesner Aw man, that's so sad. I am sure she appreciated you not raising her rent. It's a shame that Section 8 continued to reduce the amount of rent paid while rent prices increases. Hopefully, she is resting in peace. 

@Nathan Gesner Very true. I will have to analyze my numbers again next year before I extend the contract. Taxes and insurance go up so I will definitely have to increase the rent. So, from what you stated, "My goal is to keep them within 5% of market.", the minimum that you would charge is $1520 ($1600-($1600*5%)?

@Nathan Gesner I recently purchased the property (my 1st investment) and I inherited the tenant. She has been known to be an excellent tenant. She is paying $1225, but her lease expires this month. The market rent is at $1600.
I wanted to raise the rent to meet market value and also because I might have to replace the roof, but she was going to move out if it was more than $1500. After a while, I agreed to $1500 since she is a good tenant. I didn't want the hassle of a new bad tenant. Plus, $1225 to $1500 is a big impact for anyone. Like you stated, I will raise the rent every year with the standard rate in my state. I hope I made the right choice.

@Nathan Gesner Would you lower your rent by $100 from rent market value in order to keep a good tenant?

@Glen Friedman thanks for the info. I've added Yellowbird Connect and CashGeeks to my FB. I am also out of country, but own property in Jax. Wish I could be physically present to attend all the meetups.

@Evan Polaski Thank you for your feedback. You're right about the yard. I started adding lawn maintenance into my calculations. I see that you can't always depend on the renters to keep up the yard work. After analysis and feedback, I decided not to purchase this property. There was not going to be much cash flow. I appreciate your time and feedback!

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Hello. This is a rental property. Townhouse. No HOA/CDD fee. The seller only negotiated $5k down their original price. By looking at the numbers, do you think it is worth the investment? I appreciate your feedback.

*This link comes directly from our calculators, based on information input by the member who posted.

@Kathryn Schauer Thank you, Kathryn, for your response. This is a townhouse with no HOA nor CDD fee.

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Hello. This is a rental property. The seller only negotiated $5k down their original price. By looking at the numbers, do you think it is worth the investment? I appreciate your feedback.

*This link comes directly from our calculators, based on information input by the member who posted.