All Forum Posts by: Kate Malchow

@Shiloh Lundahl, thank you. I’ll give it a search.

Hi @Shiloh Lundahl

Would you mind posting the link to you YouTube video?

Thanks

Kate

Hi @Gary F.,

Thanks for the great info. 

I just dropped the price for the final time. If I don't place a tenant before the end of the year I will be putting it on the market.

Kate

Hi @Bryan Lyde,

I am definitely open to a short-term lease. I'm curious if there would be any interest in it being unfurnished. 

Thank you for the advice.

Hi @Isi Nau,

Thanks for the great info. 

I just recently opened up to Section 8 and am now offering 1st month's rent. I do believe there is an application fee. I will talk to my PM about that.

Thank you again for your advice.

I need some advice.

I purchased a 3B 1.5B condo in Makakilo, HI (Oahu), in the fall of 2018. I lived in this property until the spring of 2020. I put the house up for rent - COVID hit! It has sat empty for 9 months now. I have used two property managers, consistently lowered the rent, and offered rental incentives. I am at a loss for what to do. Should I keep the house or sell it? I now live in North Carolina and am paying rent here. I am also looking at a career change within the next 12 months, so I wouldn't be able to float this property empty. 

Current Numbers

Sell:

- $440,000 Purchased Price in 2018 (completed a refinance in 2019)

- $338,000 Estimated pay-off

- $465,000 needed to break even (4% realtor + 1% closing cost)

- Talked to a realtor today. She says that she thinks it will sell fast, but I have a hard time believing that I will get a price that will allow me to break even on the property.

Rental:

- $2,800 P&I+HOA = per mo

- $2,500 Current list price

- PM fee = 10% of rental price

- PM says there is interest, just no applications