All Forum Posts by: Jason E. Smith

Hello, my name is Jason and I'm new to the bigger pockets community.  I've been investing in real estate for just over ten years.  I currently own some residential rental properties.  Looking for new lenders to work with and would like to meet some commercial lenders to begin learning financing options for larger multi family properties.  Best of Luck!  

It seem to me the percentage of housing units occupied dropped.  People lost their jobs and to reduce their expenses they would move in with friends and family.  I was thankful I was conservative with my rents because my units stayed occupied.  But if you raise rents to today's inflated market rent, tenants may move out of your unit and move to someone else's unit that is more conservatively priced.  My only other advice is make sure you live by the 2% rule if you continue buying more properties as a hobby.  Too many properties not conforming to the 2% rule is like building a skyscraper on a shaky foundation.  Best of luck, have fun!