One investor I know had a Section 8 tenant initially but chose not to renew the lease in order to bring in a more qualified tenant and increase the rent.You’re in the right place to connect with like-minded investors who have walked a similar path.

In several markets I follow there has been a HUGE increase in taxes year over year for the past several years.

Debt Reduction - at the very least, another human being is paying down your mortgage and increasing your equity.

It has increased steadily over the past couple of years and is now at 3.90%.  

.❌ You think using emojis means I copied this from somewhere—I’m just a millennial who likes to keep things engaging.BUUUT if you’re an investor who wants to attract high-paying guests, increase your nightly rate, and create a rental that markets itself, keep reading.A question I get A LOT is: “How can I market my vacation rental?” 

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

I recommend you do this annually to adjust for utility increases and other variables.

The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

Property values also has increased due to the lack of inventory.

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.