All Forum Posts by: Justin Brin

@Justin Brin great lead in for discussion, thanks for putting that together. Generally speaking, we have the same approach - avoid areas that are heavy in renter friendly regulation (i.e. CA). Then TX is tough right now because of property taxes. And then, Florida is difficult with insurance right now until that stabilizes.

Then, when we look at Atlanta and Charlotte we see a good amount of supply because of the footprint of large institutiional buyers (i.e. invitation homes).

That leaves the midwest (OH, IN, MO), TN, and the one off markets like Tucson and Albuquerque. Personally, we have had success in small multi-family across OK, TN, MO, KY, IN, OH.

Did taxes went up in Texas?

Regarding Atlanta and Charlotte institutional buyers are buying up the market?

From all these stats "OK, TN, MO, KY, IN, OH" which one is your favorite?

0 Votes

Here is a list of 17 metros in the US that have population larger than 900k and median house price is below 400k:

Which metro you recommend and which metro you don't recommend?

I know California is not so investor friendly due to high taxes and non landlord friendly regulation.

Florida has high insurance costs in some areas?!

What do you think?

9 Votes

How you categories an area class as A/B/C/D? Is it depended on the area?

Can you tell an area class just by viewing it from street view?

I'm guessing in some cities an area can be dirty with homeless but with high prices and high rents (Like in some areas in Los Angeles). While some areas can be class C with lower cost and lower rents but clean and no homeless.

Some areas can have not such good schools but prices are high and rents are high while other areas can have good schools and prices and rent are not that high.

How will you best define an area as class A-D?

0 Votes

Thanks @Carlos Ptriawan for the link!

0 Votes

Here is heat-map of prices in Indianapolis area:

I set the price focus in the range of $90k-300k for 3 bedroom houses (Any area above 300k will just be red, areas in the range will change color by the median home value).

For the members that are familiar with the Indianapolis area how accurate is it?

0 Votes

Indianapolis, Indiana

Quote from @Corby Goade:

Quote from @Justin Brin:

How often you will raise rent for you tenant and how much?

If you have a good tenant will you raise his rent if the market rent went up?

Will you raise his rent to market rent or keep it below market rent to incentive him to stay?

We always keep up with the market and we only rent to good tenants, so that isn't part of the equation for us. If you are keeping up with market rates and providing your tenants with good service, you are doing just fine. We don't discount rent just because a tenant pays on time- that's their job and we expect them to do it, just like they expect us to take reasonable care of maintenace.

What about if tenants take care of maintenance and repairs and hardly ever call you? Will you still raise their rents to market value?

0 Votes

@Xiaowei Li are you listed as the owner on Zillow for that property?

Did they disable your entire account or just the ad?

0 Votes

Quote from @Julie Hartman:

We raise once per year, generally. Taxes, insurance, and HOA typically increase so raising rent to cover those costs is not unreasonable. Keeping the increase just under market to keep a good tenant usually works out fine too.

What you mean by just under market? like $50 below or a few hundreds ?

0 Votes

Quote from @Bob Stevens:

Quote from @Justin Brin:

How often you will raise rent for you tenant and how much?

If you have a good tenant will you raise his rent if the market rent went up?

Will you raise his rent to market rent or keep it below market rent to incentive him to stay?

Yearly, each case is different, great tenant never hear from them, I leave them alone.

Even if market rents went up $1000 extra ?

0 Votes

Dear forum members,

Where is the best place to get historical sales data for a metro/city/zip code?

I know Zillow provides data but do you know of any other platform that you can export historical data?

I will like to also compare Zillow data with other data sources or for locations Zillow doesn't have much data to have a backup source.

1 Vote

All Forum Posts by: Justin Brin

Justin Brin has started 27 posts and replied 155 times.

Post: Top location for long distance investing?

Post: Top location for long distance investing?

Post: How you categories an area class as A/B/C/D? Is it depended on the area?

Post: Best place to get historial sales data (except of Zillow)

Post: Where should I invest Indianapolis IN, or Carmel IN?

Post: How often will you raise rent for your tenant and how much?

Post: Zillow disabled my account

Post: How often will you raise rent for your tenant and how much?

Post: How often will you raise rent for your tenant and how much?

Post: Best place to get historial sales data (except of Zillow)