All Forum Posts by: Robert G Turnier

The rents in our area are higher than what the government would give them. We don't expect to recover the lost rent, unless the insurance companies change their rules for lost rent. 

@Marc Winter

Our city has also enacted a “no eviction rule” and we wanted to get ahead of it by providing some relief for our valued tenants.

Thank you Marc for your reply and best wishes for you and your family to be healthy and safe!

@Anthony Pisciotta

We lowered our rents by 50% for April and will look at May in a few weeks

We currently have 11 units, excellent tenants and most of them are losing sources of income. As a proactive measure we reduced their rent by 50% for the month of April and will look at May in a few weeks.

Is anyone else doing something like this?

Investment Info:

Small multi-family (2-4 units) buy & hold investment in San Diego.

Purchase price: $845,000
Cash invested: $560,000

two on one

What made you interested in investing in this type of deal?

location

How did you find this deal and how did you negotiate it?

real estate.com
realtor

How did you finance this deal?

conventional

How did you add value to the deal?

remodeled

What was the outcome?

increased rent

Lessons learned? Challenges?

additional costs during remodel

Investment Info:

Small multi-family (2-4 units) buy & hold investment in San Diego.

Purchase price: $845,000
Cash invested: $560,000

What made you interested in investing in this type of deal?

location

How did you find this deal and how did you negotiate it?

real estate.com
realtor

How did you finance this deal?

conventional

How did you add value to the deal?

remodeled

What was the outcome?

increased rent

Lessons learned? Challenges?

additional costs during remodel