All Forum Posts by: Jade S.

I'll have to hear the podcast of that segment.  But with that being said, I'm noticing a trend of strident attacks in both social media and the press related to rising rental costs in the US anytime discussion of lower home ownership rates since the Great Recession ended.  Some of the unwashed masses want to drag rising rents kicking and screaming into the wealth inequality "movement" and attempt to also link it to "greedy" landlords who supposedly just want to take advantage of poor tenants.  

Education is important, but how many are willing to truly understand the movement away from home ownership to more of a rental society? And you're right...politicians hear this and pander to that element.  

Absolutely scam-a-licious.  But who knows...perhaps as an added bonus Ms. Drost will also say you are the recipient of $2,000,000 and all they need is your bank account number. 😃

@Katherine T. 

I feel your pain. I have a 3 BR/2BA SFH that I put on the rental market in early November within a week after closing on it, and we are still trying to get a renter in there. We reduced the price once, and are offering a referral bonus on the property. We have had a fair number of viewings, along with two "almost" tenants (one backed out and got their deposit back within 24 hours, and the other was a long distance transplant who just decided to never show up to sign the paperwork and take possession of the property). But, my PM is getting a fair amount of email traffic now that we are into the New Year.

It's frustrating, considering my other two rental townhouses rented within 3 days during the summer.  But as others have suggested...use some different approaches to get interest.  

They've bought and rented some houses in my area too, and several of those were listed at the upper end of the rental price spectrum for 3 or 4 BR houses.  I suppose they are able to enjoy certain economies of scale in their operation, such as contractors doing work at lower costs, etc.  

Wow...so ~ $45,000 is the going rate of gaining "investing smarts" nowadays.  The unwashed masses are looking for the pot of gold at the end of the rainbow, so these guys will continue to peddle those dreams.  Just wondering, Isaac...do you know if they made a full court press to participants to increase credit card limits?

No doggone kidding. I have a SFH on the rental market currently (I bought it in Oct, so it had not been previously rented), and my PM has shown it to two people who were practically saying they wanted it ASAP, but then...crickets. Same with multiple email inquiries apparently...no one responds. Really strange given the rent we set is in the median range for 3BR/2BA homes locally. I wonder if others are seeing the same thing.

@Rachel H. and @Kevin Mullin...interesting strategy in your return to "The Game".  Why mobile home investing vs multi-family or single-family? I know of some folks who own land and lease out home plots, but I have never given any serious thoughts to the MH strategy.

 Sounds like a reasonable option, Charlie.  Perhaps with a financing contingency to give me an "out" if needed.  

Thanks for the thoughts, @Rachel H.  I have had some very preliminary discussions with the homeowner, so I roughly know price they are seeking.  I wasn't sure what experiences investors had with tying up a property for several months (outside of a short sale situation).