This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

The goal here would be to increase rental income.

That said, weigh the cost of renovations against the potential increase in appraisal.

The shorter the prepayment term has an impact on increasing the rate.4.

But, for instance, I sent them a notice of rent increase effective February 1 and needed them to confirm that they have accepted the new payment terms through our electronic payment system, and even after repeated notices, they are not responding.

Quote from @Noah Wright: No, but here are some ways to increase ARV most dramatically:1.

But if you put in the effort, Detroit can be incredibly rewarding.Over the last several years, the city has been on a steady upswing: population growth, major corporate investments, and increasing demand for housing are all positive indicators.

Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.