My gut feelings is that AI will bring significant change to real estate as it will to all aspects of our lives.  

Only in this way can they stand out in this ever-changing environment.

Average tenants budget to their income and their income changes very modestly each year on average.

Change all lighting to LEDTo increase revenue: 1.

Meaning you may be able to do some cosmetic or smaller renovations like bathrooms or kitchens in your duplex when the tenants turn over and those smaller investments can demand higher rents, so in the longterm you may have more cashflow from the duplex to help fund a future investment in another property while you wait for market conditions to change.

That means that if you move to another area, your income could potentially change (up or down, who knows).

When you do that, you can get better pricing and leaves less room for error.The best advice is to push forward as quick as possible, fail forward, and always continue to introspect on what you would do differently and then ACTUALLY go back and implement that change (easier to say than do).

They tell you you’re asking too much rent (you lower rent, avoid vacancy and make more money) ,your marketing is bad (they take new pictures, advertise in different places, change wording, whatever, and get a tenant saving vacancy.)  

Hi folks,Long time lurker, first time poster!I have a HELOC on my Texas primary residence and am considering a house hack for my next purchase. However as Texas only allows a HELOC on your Primary Residence, I don’t w...

Do they get crazy with requests for changes or are they happy as is?