All Forum Posts by: Tashfeen Islam

@Ronald Rohde Thanks Ronald and I agree, newer is always better. Since I’m still tight on cash, the more attractive properties are outside of my reach but with time, I’m working towards buying newer/upgraded properties. I’ll definitely keep you in mind if I need help in the future. Unfortunately with the PM, I’m locked in on a 2-year agreement but we’ll see how that plays out before I make a switch.

@Andrea Jacob Thanks Andrea but unfortunately, I am locked in with this PM on a 2-year agreement. My PM mentioned the reason her broker likely did not become an MLS member is to avoid paying commission fees to renter's agents since only licensed professionals can access MLS listings, which is what I expected. Regardless, I'll see how the next couple of years play out before deciding to switch since I'm kind of stuck at this point. The big selling point for me on them was that they charge no lease renewal nor tenant placement fees which saves me a good amount in the future and they have a solid track record in that area.

@Khanesia Washington I just spoke with my PM and she provided me with the Zillow link though I initially had trouble finding it myself.

Are you able to view this?

https://www.zillow.com/b/1507-n-8th-street-killeen-tx-5Z6myz/

@Khanesia Washington Thank you for the insight and I did confirm that they are a licensed PM. My PM mentioned that MLS listings are for properties for sale, not for rent. I don't believe this is accurate but it is possible since they may not be MLS members because they'd rather not pay any fees to a renter's agent, especially considering that my PM does not charge any fee to me for tenant placements nor lease renewals. Any other insight you can offer would be appreciated.

@Ronald Rohde I’m actually from the opposite end of the country but good guess haha. Regardless, I have noticed that properties in Killeen tend to be on the older side so something built in the 70’s and 80’s sounds fairly new to me, but of course, that’s just my opinion.

Here is the link to the property for more reference: http://tash.rentlinx.com/1507-N-8Th-St-Killeen-TX-76541-3

@Pete Harper It’s on the north side of town, north of Interstate 14.

@Khanesia Washington My current tenant is under HUD and I'll double-check with my PM to see if she's under MLS. Thanks for the heads up!

@Justin Fingers It’s on the north side of town, north of Interstate 14.

I recently purchased an eight-unit apartment building in Killeen that needed major renovations (currently underway) and only had one unit occupied.

Although it's been two months since I closed on the property and three of the units are rent-ready (excluding the one that is currently occupied), my property manager and I are simply not garnering enough interest for each 3 bedroom/2 bathroom unit at $650.00/month.

The building itself is only 43 years old and has recently gone under significant remodeling so I would think there is more appeal than a run-down, poorly managed building.

Can someone please advise what else we can do to get a few more vacancies filled?

Has anyone in the invested in the area that also experienced this issue?