All Forum Posts by: Joey B.

I have to agree @Brandin Murray on this. Raise your rent or find a way to reduce expenses. Negotiate with PM, landscape etc. Tenants who are paying this amount for monthly rent presumably have more in reserve. Raise and reduce or sell!

I have done the exact same thing with my tenants at two properties. A Christmas card, congrats card for having a baby, married, etc. and we would send a gift card to one of our local favorite places to eat. It showed them we were more than just a bill collector. I think they appreciated it and stayed for 4 years+ before buying the home from us......Thats an entirely diffrent story. Just remember that if you acquire multiple properties and this becomes a norm....Budget accordingly!

Merry X-MAS

@Roger Steciak and everyone else who left comments. Thank you for the insight, I’m amazed of how close the mindset set is among you all. I guess that’s why we all come here. I have only just scratched the surface of this awesome tool (BP). Looking forward to the knowledge I know is headed my way............Merry X-MAS

Hello BP, First time poster! We are a military family that has picked up a few rental properties along the way. Our area was recently affected by Hurricane Michael and demand for housing SKYROCKETED!!! I previously had our property listed at $1900 which is above average for our neighborhood. In the past I have done all of the marketing and management for my properties. This time I hired a marketing agent to handle some of the specifics because we were at the very tail end of my orders (boxes packed) when the hurricane hit. 2 days later my marketing agent said she was taking the listing off the market for two weeks and would re-list at a higher price point to focus potential tenants. (Too many calls to field at 1900 price point.) We have signed a tenant at $2500.00 for 1 year and they are happy with zero complaints. I however, cannot help but feel as if I am taking advantage of the conditions in the area. How long should I try and maintain this price point and would you offer a lower rate if they don’t have any complaints?