All Forum Posts by: Nicole Heasley Beitenman

Have you gone to any local meetups? 

I'm getting $1,500 a month for a 1BR/1BA in Youngstown. I'd expect Cleveland to fetch a bit more even with more saturation. When I first started about a year ago, Furnished Finder recommended pricing $300-500 a month above LTR rates. I took that advice and priced $500 over LTR rates. Then I bumped rents up $50 between each tenant until I felt like I hit the ceiling. 

Hit up the "Resources" section of FF. There's plenty of gold in there!

@Ryan Arth Tags on here are often hit or miss for me too. Thanks for the mention!

Quote from @Alex L.:

Quote from @Calvin Thomas:

Quote from @Alex L.:

Quote from @Calvin Thomas:

Quote from @Thurben James:

Just curious how people feel about investing in Youngstown Ohio. 

 Don't invest in to dumps.  This is not 1803, and Youngstown Ohio is past its prime. Just listen to the song Youngstown by Bruce Springsteen.  

Ah, yes. The best investing advice always comes from 30-year-old songs.

 Pretty sure one can just Google Youngstown Ohio and know that the place is crumbin' down (get it?).

Any investor looks for places which have a bright future, not one's where their downtown is closed due to crumbling and unsafe buildings.

https://www.wkbn.com/news/local-news/gas-explosion-in-youngs...

https://www.economist.com/united-states/2022/03/12/what-buck...

https://ysu.edu/center-working-class-studies/renaissance-who...

https://www.propublica.org/article/these-companies-got-milli...

As Bones would say, it's dead Jim.  Don't blame me, I didn't kill it, it's been dead for a while.. 

One downtown building that recently suffered a gas explosion doesn't constitute the entire metro area, but no matter. You won't hear any complaints from me. Better that out of state investors keep their fingers out of the area all together. More pie for me. 🙂

LOL! Agreed. I'm loving this thread 😁 Using Springsteen as market research. Unbelievable. 

We furnished our first property with stuff from Amazon, Walmart, and Wayfair, and half of it already needs replaced after less than a year. It's cheap particleboard garbage. 

Our second property, we decided to go the Facebook Marketplace route. After all the headaches we went through just to get a dining room table, we scrapped that idea. 

We now get everything from Ashley Furniture. It isn't much more than Amazon, Walmart, or Wayfair, but it's way better quality. 

Have you gone to a local meetup? That's typically the best place to get market-specific information.

BP has a lender finder that might help: www.biggerpockets.com/lenders

Quote from @Kim Parker:

Update—

I ended up deciding that I would charge some rent, but not the full amount to hold the unit. I also left a message with her recruiter advocating for her. 

They were able to get everything squared away and she arrives tomorrow. Yay 🎉 

That's a great solution. If you're going to be an MTR host and want to target traveling nurses, you're going to have to deal with contract changes. If that's something you don't want to accommodate, this isn't the right niche for you. Good for you for creating a win-win situation!

Quote from @Greg Scott:

I read the article.

My initial leases would certainly be 11.5 months or less with this new law.

This is so interesting. This is the most obvious loophole. I wonder if the state will make further chances once every landlord in CO changes their leases to 11.5 months.