All Forum Posts by: Michael Anderson

Is it too rural to have any property managers? If not I would give the address to one of them and ask.

Are you still getting applications for your existing properties?

How much do you think this property would rent for if I needed a renter in a couple weeks? How about if I can wait a month for a better tenant or a higher price?

The closer those 2 are together the more solid your rental market. 

No, there are property managers in the area that's a great idea.  I currently don't have any other properties, this is my first one.  I would have no problem waiting two months to rent if it would secure better tenants/prices, that's what I am planning on due to everything that is going on.  Thanks for the feedback!

I think your decision is wholly predicated on your area. Are you in an area where there are a lot of cases or one with very few? Both will undergo some closures, but these decisions can be market-specific and based on how you feel about your deal. If you were getting cold feet anyway, this could be a good sign to get out, but do you have a reason? You can't walk from a deal because of the virus, without losing your deposit, unless you lose a job or the mortgage falls through. If you can get it rented, would you want to keep the deal? If so, look at your market and decide based on what the next months may look like where you are. In places like CA and NY, things are going to shut down. Like shut down. So flips will be on hold. My flips are currently on hold.