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13 January 2025 | 11 replies
-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?
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17 January 2025 | 23 replies
IMO what will make your company successful is the value you offer to your owners/clients & your tenants.
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14 January 2025 | 4 replies
They generally will offer greater appreciation, as well.
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11 January 2025 | 4 replies
I completely agree that luxury rentals need to offer more than just aesthetic appeal; they need to resonate with tenant expectations and justify the premium rents.
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15 January 2025 | 6 replies
Durham tends to offer slightly better cash flow opportunities compared to Raleigh, especially if you’re targeting neighborhoods that are up-and-coming but still affordable.
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10 January 2025 | 4 replies
Quote from @John Friendas: I am trying to find the cheapest funding on a property I recently offered on.
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16 January 2025 | 9 replies
At $15K a year, that's just bare minimum without any of the other modules that Yardi offers.
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4 February 2025 | 24 replies
@Chris Lin not sure where else you own properties, but all their fees are what is normal for the Metro Detroit area.We have heard some PMCs offer lower fees in other parts of the country, but from what we've researched, these only apply to Class A properties - which are REAL easy to manage.We actually charge LESS than average to manage Class A rentals in our market.
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13 January 2025 | 1 reply
The Outlook St deal offered a unique opportunity for a rapid turnaround with minimal investment.
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14 January 2025 | 10 replies
Quote from @Austin Jones: As a realtor focused on helping investors in the Richmond area, I’d love to offer some insights.