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8 October 2024 | 13 replies
The vision is becoming a reality but I am still at the planning phase and analyzing deals to ensure the numbers added up after all expenses is my culprit right now...
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9 October 2024 | 16 replies
Also to your point about D vs A - I think that your turnover costs would be cheaper for an a class property that a D class.
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8 October 2024 | 1 reply
I added a basement apartment to the house, redid the landscaping, and have taken care of some deferred maintenance on the house.
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8 October 2024 | 7 replies
When we acquired out triplex we added quiet hours into the lease which has been helpful.
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7 October 2024 | 9 replies
I would definitely tailor the worksheet for your own calculations; for example, I added a "capex" percentage to the sheet as part of expenses I want to account for.
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7 October 2024 | 8 replies
This will get rid of any bad (more issues with check or cash customers) customers and will also expedite the collection process, versus "the check is in the Mail" adding a week to our process currently.- Risk- There is very little risk of going backwards by both raising rents and moving people to autopay.
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9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
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8 October 2024 | 22 replies
I get being annoyed by the constant adding of rules and regulations from the site, it bothers me as well, but frankly, anyone who wasn't already meeting these guidelines with their messaging shouldn't be hosting anyway.
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7 October 2024 | 9 replies
I did great rehab that added a lot of value (it is what I do). one party no longer liked the deal and threatened to get a lawyer.
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7 October 2024 | 5 replies
He transformed his land into a mix of STRs and even added some luxury yurt camping sites.