Westchester 2-4 unit properties listed from January - May:2022: 2332023: 177 (Lower inventory likely due to the market adjusting to 6+% interest rates)2024: 274Lastly, since you're looking to acquire something with more favorable #s, you may want to begin your search with the "ugly" deals that have been on the market longer.

To create an effective and lucrative rental property portfolio, start with a strong foundation, maintain discipline, and adjust to shifting market conditions.Good luck!

, or do you just make a percentage adjustment to your predictions?

The rent cap and rate adjustment law in CA is not allowed to exceed 10% annually.

The Committee makes no warranties, either express or implied, concerning the property’s condition, and no adjustments will be made for any defects that may be discovered after this date.

@Chantel Gaaskjolen, if I'm letting a lease continue on a month-to-month basis with only a rent adjustment, I will use an addendum.

The listing and the photos looks great and you are posting on all the top sites.I would recommend reevaluating the price to see if a price adjustment will drive traffic as well as consider posting to a site like Facebook Marketplace.I know that our market in San Diego is different than where you are located, but we are seeing it takes approximately 23 days for a property to be leased. 

Talk to your tax professional and adjust your structure as needed. 

However, if you slowly adjust pricing in anticipation of a surge in demand you will experience greater returns.

I continually reevaluate and adjust my operations.