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28 February 2025 | 10 replies
It's not illegal as far as i'm aware, However it only works because section 8 is so competitive in D.C, I imagine it might be a turn off to potential tenants in less competitive markets
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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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10 February 2025 | 11 replies
Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point.
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27 February 2025 | 5 replies
I've attached an image of my proforma based on your report and using a different property in the market.
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19 February 2025 | 20 replies
I’d recommend looking for a market that’s affordable and has good rental demand—local job growth or proximity to schools can be a sign of a solid investment.
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5 February 2025 | 14 replies
It's not RTR's fault the property can't absorb proper cap ex, that's a product of the market.
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2 February 2025 | 2 replies
Are they at market rent, or locked into below-market rates?
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19 February 2025 | 8 replies
Sounds like mostly a marketing thing from what I just read.
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1 February 2025 | 11 replies
I usually just google "market name" airbnb or short term regulations.
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7 February 2025 | 1 reply
My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates).