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27 December 2024 | 19 replies
If you are having that much activity but cannot find the right tenant than you will want to lower the price just slightly to entice better tenants OR you can relax on your qualifications.
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4 January 2025 | 19 replies
I have supplemental insurance so I am of the mindset that they should get rid of this bogus insurance and lower my host fees..
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28 December 2024 | 7 replies
We took the reverse action and started lowering asking rents until they moved.I suspect the reason that one property of yours turned quickly is because your asking rent was very favorable vs. local competition.
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30 December 2024 | 11 replies
You may FEEL that they are but your expenses may go UP at the same time as rents need to be LOWERED!
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29 December 2024 | 7 replies
Local banks typically offer lower interest rates but might require a solid track record and detailed financials.
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31 December 2024 | 32 replies
I would not put so much on an appraisal report.A number of reasons might be the answer for this lower appraisal report:1- What city is this property located?
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7 January 2025 | 16 replies
I'm going to start reaching out soon to a friend of a family member who owns a local PM group with roughly 1000 doors for lower income, just to pick his brain, but I can envision a scenario where if I needed to partner with someone to get my first deal and gain some creditability and experience, he may be willing to assist.
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5 January 2025 | 39 replies
@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close
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1 January 2025 | 12 replies
Which is why I pay more, for less cash flow in highly desirable areas.In high income areas, rent is a lower proportion of income so therefore your tenants have a higher capacity for paying higher rent because rent is less than 20% or even 10% of their income.