All Forum Posts by: Kurt K.

Perhaps don't publicly publish your private business?

 It varied, some only had to go up $25/mo and others about $150/mo

I would give them a month in advance notice of a rent raise, and I would do the raise all at once versus raising it bit by bit several months in a row.

Even if by law the notice required is 7 days, why not show some good faith and give them 30 to find a new place if they want, or to give them that long to budget the extra money?

When I took over a place I followed the above methods, everyone stayed and all were understanding noting the rent was too low and they knew it.

Yes, saving your money for a down payment is the best move.

 Always.

 $250/mo rent is $3,000/yr

$3,000/$8,000 is 37.5% return on your money. Anything above 20% cash on cash return is a no-brainer.

Well there are 2 different kinds of renovation. 

1- "renovating" due to deferred maintenance and neglect just to keep the property up to standards.

2- renovating to bring in a new class of renters and to elevate the property to a new level.

It sounds like you are in position 1 where you can't rent the apartments out due to their poor shape. In that case you need to renovate, but be sure to not "over renovate"

I just use a sign out in front of my property. Phone will ring off the hook. I have never used CL but I could see how that could be effective.

Yes, in either case (refinance or 1031) that isn't the "cash flow" being tax deferred. But you are correct that equity can be accessed tax deferred or rolled over tax deferred. 

I think that's where the confusion was earlier with the other person.

Cash flow is your monthly income after everything is paid and set aside for reserves, if needed.

Well to be fair, the cash flow is only "tax deferred" if you are holding these properties in an IRA. Any appreciation is of course tax deferred until you sell (avoid by 1031 exchange). Write-offs aren't income, they are expenses.