However, the previous landlord permitted them to take over an additional 3,000 square feet on the second floor, which is now filled with inventory and unusable for other purposes.While this tenant has been reliable and has a long-standing relationship with the property, their occupancy of this extra space is limiting our ability to maximize rental revenue.

I cut the rate shoppers off a the knees just tell them I am the most expensive but worth every extra penny..

When they have a little extra money, they invest in things that don’t lose value right away.

I’d recommend running your numbers with these extra expense assumptions to see what actually pencils out.If you’re worried about budgeting for capex, you can either buy new construction (which, if built well, won’t require capex for at least 5 years) or work with a turnkey provider, who will budget capex items for you on their end.In any case, my experience is that deals in Alabama and other Sunbelt states are still working out, but higher cost-of-living places like Fayetteville or Austin are probably out.

In college towns like South Bend, features that appeal to potential landlords (like extra bedrooms or separate entrances) will boost ROI.In colder climates like Indiana, spring and early summer are often the best selling seasons.

Yes, you'll have some costs and time spent to keep your license active, but having your own broker's license would give you extra flexibility in the future. 

", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.

The cleaners are able to make the beds right before they leave and the extra set stays in the unit for guests. 

Bring in more money by charging extra rent and taking care of it yourself.

And you should always have a backup lockbox on your property in the back yard with an extra key.