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All Forum Posts by: Julia A.

Julia A. has started 0 posts and replied 4 times.

Post: is it worth it to pay to get rental on MLS

Julia A.Posted
  • Landlord
  • Nashville, TN
  • Posts 4
  • Votes 0

I deal with rentals a lot at my company and we don't use the MLS we use Craigslist and Rent.com. You should still screen the potential tenant, but it keeps you from having to deal with agent fees and you still get quality tenants.

Good Luck

Post: Comps without the MLS?

Julia A.Posted
  • Landlord
  • Nashville, TN
  • Posts 4
  • Votes 0

I would suggest Loopnet.com for commercial and multifamily. They just updated their information database system and you can learn everything from rent amounts to tax records for on market and sold properties. And they actually verify a lot of it (unlike Trulia, Redfin, Yahoo, etc)

Good Luck

Post: Property Management Software

Julia A.Posted
  • Landlord
  • Nashville, TN
  • Posts 4
  • Votes 0

I work for a property management company. We use a program called property boulevard, but I just came across this amazing software called RentJuice (rentjuice.com) - they are still developing it but it allows you to track just about everything a landlord might need. Plus, you can make suggestions and they actually will implement them for you!

Good Luck!

Post: Should I hold my flip off the market until spring?

Julia A.Posted
  • Landlord
  • Nashville, TN
  • Posts 4
  • Votes 0

Cheryl -

As a marketing coordinator (I deal with flips and multifamily investments) You are correct - this is when people expect to get a deal. You will have plenty of low ball offers if you list it right now. You might be able to sell it, but you might not.

It can't hurt to try and sell it and list it now, just be ready for what I call 'tire kickers' (people who are looking for low ball offers or can't afford the house to begin with).

The one thing you do not want to do is list it and leave it on the market. Stale listings are a turn off to potential buyers because they want to know what's wrong with the house or why it isn't selling. If you list it now, make sure to remove it around February/March and then re-list it on the MLS.

I would also suggest going ahead and contacting lenders to see how people can qualify for the home. If you want a cash buyers, they are rare in the market right now. If you can figure out how to get people qualified for the home, it's just one more way to get it sold. Put potential buyers in touch with the lenders quickly and make sure it's a short closing window.

Good Luck!