All Forum Posts by: John Collins

I get that there are an abundance of people willing to pay high rent ($4,000 or more per unit) in places like NY, SF, LA, Miami etc. But what about midwestern cities like Chicago, Dallas, Houston and Phoenix/Tempe etc.? If the economy has some slight shocks, are those places going to be filled out a couple years down the road with all the cheaper options available in these places? 

Any general opinions on high rental properties? The ROI compared to multiple lower rent properties as far as 10, 15, 20 year periods?

I am reconstructing after near total demo , and was looking at a quartz or replica ish countertop for $40/sq ft. Vicostone is really nice, silostone is really nice -- it feels a lot more elegant than granite. I also like the lack of noise, and having minimalist light countertops with a more textured kitchen tile. It suits the home. What is my best bet for purchasing by the square foot instead of by the slab? (grade 2 and up, the 1's were terrible). Cambria quartz is great as well, Calcutta quartz looks great. Trying my best to get them in my price range. 

I realize these are premium, but what are methods I can use to get aesthetically pleasing choices for under $4,000 with install if I have 100 sq feet of countertop space in different cuts? Basically $40/sq ft + a little waste without paying by the slab. Should I just check the scrap yards of stone cutting places? So much of my budget has gone to expensive repairs by negligent tenants that just didn't care to report the issue in a timely fashion, the cash to splurge just isn't there. 

Also, for flooring, is luxury vinyl recommended for homes with higher rental price points ($3,000+ a month), or do you stick with engineered woods? Will post pics when complete.

Thank you for the rentometer suggestion, the batch analysis option looks great in the pro version. 

So essentially, I have to get some kind of agent to post it on HAR, even if it's a listing agent as opposed to the traditional show-ers. 

 See my above response. I am in a unique situation and don't want to stagnate with it empty on the market for 4-6 months to get maybe an extra 15-20k. I want the cash now and know the price that will generate interest. I'll probably list it on HAR and have a lockbox for the times I can't show up.

I'm not trying to get the highest value for it - that would take 4-6 months of it being on the market. And at most, it would be 20k higher than my lowest selling point (which I know will go quick). It's a low ROI property, has been for a decade and going forward it's in a very saturated market. There is in ongoing construction that also makes it an inconvenience for homeowners. I can see what similar properties have sold for and am fine getting a low value to get out and put the money towards a flip I already have my eye on.

I have not sold a property on my own, I have sold properties in the past with an agent doing everything because I didn't care for real estate tbh, just wanted the cash on hand. Now I have the time and luxury of doing things on my own. 

Sorry if this was posted in the wrong forum, still figuring out what goes where exactly on here. 

Is there a tool (or paid service) that allows me to see all the rental values in the nearby area? Not the listed "for rent" prices, but the rents for homes with actual tenants in them. Other info such as how long the home was on the market before renting would be fine. 

Is this referred to as MLS comps? I am trying to make it more convenient for me to gather this info.

As of now I go through zillow and click manually on each home to look at it's price history to help me determine this information. 

I have a very simple rental property I would like to sell as an owner in Harris County, TX . I have recently painted it, put in new floors , a/c and appliances. 

1. What are the steps to take after cleaning and fixing any minor issues the place has (it will be turnkey and ready to go). 

2. Where are the best websites/services and places to list it? Does anyone have experience with lysthouse.com ?

3. What paperwork is needed?

4. What fee's will arise? 

For me cash flow is important , I don't mind selling it for a lower price fast as opposed to waiting 6 months. Looking at the market (quite cold) I have a clear idea what price point goes fast and which ones linger (And eventually come down anyways).

 Thank you Stephen - that is great to know.