
11 March 2024 | 3 replies
@Jason O.I've rented to over 700 students (under and grad) and I understand the market well.To do it successfully: time it with the academic calendarSept to May: flat price including utilities and furniture for max revenue, can include a cleaning service to keep an eye on the rental.May to Aug: depends on your city density and the amount of summer classes, increase the price to accommodate the demand or decrease it accordingly.
14 March 2024 | 60 replies
This has been a very eye opening topic .

11 March 2024 | 18 replies
(there is enough space under the roof to set up the central AC).A few pros and cons that I can think of for each option:Mini split:-Flexible room temperature control-Less costly to operate if I turn it off in the rooms that I don't use-Takes more visible space, not very pleasing to eye-Renter might loose the remote or break the unit (somehow!!)
11 March 2024 | 7 replies
yeah as title. i have a mortgage on my own house. recently a 4plex on fb caught my eye. theyre listing for 300k, new construction, on i think 1/2 acre or 1 acre mostly seems a big dirt parking lot in front. 1800sq ft. they claim the units rent for 1050. obviously these are small units 1 bed 1 bath, doing the math 1800/4 is 450 sq ft per unit. they look nice, being new construction, albeit spartan inside, metal building, concrete floors, washer dryer hookup. semi rural Oklahoma but about 80-100 miles from dfw. they also say all units are under 6 month lease (it seems to be friends of theirs, i'm guessing, as they mentioned it was full "despite not even listing it yet"?)

11 March 2024 | 28 replies
However, it is obvious that Sub2 is still considered taboo in the eyes of many of the members.

12 March 2024 | 105 replies
I'm keeping my eye on it but prices don't seem to want to go down there =)@Jay Hinrichstotally agree with you and yes, that's what we see here in the northern suburbs of Pittsburgh - townhouses in the 300s, SFRs in the 500s and up, even in the low $1Ms.

12 March 2024 | 168 replies
There are some houses that you literally couldn't give me because of the street it's on, but a few streets over there might be a house that sold for $50,000 just five years ago and i can now buy it for $15,000.I also do most of my repairs myself and live within an hour of each property so I can keep an eye on it myself, meet the prospective tenants myself etc.

8 March 2024 | 4 replies
And even if you have enough cashflow to cover debt service, you may not hit typical bank lender DSCR covenants.

9 March 2024 | 6 replies
Are you close enough to keep an eye on the property?

9 March 2024 | 4 replies
It is about the best one out there in my eyes.