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11 February 2025 | 21 replies
How is the market in Akron?
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28 February 2025 | 9 replies
Do you have any "pros" in the Denver market?
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16 February 2025 | 4 replies
I don't know if shifting to MTR could generate greater interest but it doesn't solve the marketability issue and all you are doing is punting the root issue down the road.
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21 February 2025 | 1 reply
I am talking to someone on their commercial side, however the last communication I had with them when I asked where we were on attaining a quote was that the under writer was having trouble finding a market for the mobile homes due to the age.
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19 February 2025 | 10 replies
From both a real estate and STR perspective, the key to success will be choosing the right market first.
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17 February 2025 | 7 replies
If the latter, how does that look on a day to day in terms of operating, marketing, and the ownership structure?
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17 February 2025 | 7 replies
Fort Worth is a great market to get started REI.
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18 February 2025 | 4 replies
He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc.
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27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!
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18 February 2025 | 27 replies
Likewise, the same can be said for properties with in-law suites or finished basements.Have you considered or explored any particular ATL markets?