All Forum Posts by: Jorge Espinosa

Wow @Bruce Woodruff well said. Didn’t think about it like that! 

Thank you to all of the other great advice on here. I guess I was just scared of being greedy but you all out it into perspective for me.

So I have one income property only so I’m new to this. It’s a detached duplex so basically a mother in law suite. 1/1 with laundry unit, their own electric meter, water meter and tenant pays all utilities. I’m in broward county 2 miles away from Hollywood beach. Rent right now is 985$ per month based on previous owner.

Question is, do I go up to about $1100 in rent to keep the good, quiet tenant or do I try to go for the 1400-1500$ rent I think I can get take a chance on the tenant I get?

I just bought my first investment property at the beginning of the year in Dania beach (5min from Hollywood) and still learning as well. My property taxes are going up about 600-700$ In the first year but I don’t know much else yet. 

Any info to be shared I definitely want to learn!

I also would like to join the next meetup! Can’t wait to hear your stories and jump in