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4 January 2025 | 5 replies
Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.
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6 January 2025 | 8 replies
I also look at future development plans in the area, as new projects can increase property values and attract more renters.
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2 January 2025 | 9 replies
@Connor O'Brien I don’t think you price it any different then if just marketing for a market renter.
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23 January 2025 | 45 replies
Focus on good appreciating areas that have renters that you would want to service.
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31 December 2024 | 2 replies
If there is a renter in place, you may be able to do a cash out loan without changing who owns it.
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9 January 2025 | 12 replies
Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay.
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16 January 2025 | 26 replies
We’ve seen investors struggle when properties are in areas more suited for first-time homebuyers than renters.
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7 January 2025 | 16 replies
Quote from @Sami Gren: I start by making the original tenant fill out a form requesting to add a new renter, and they pay me a $50 processing fee (I charge a $50 fee any time I make changes to an existing lease).
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20 January 2025 | 32 replies
Some younger renters may seek out a newer plastic place with lots of MDF.
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4 January 2025 | 12 replies
You must give proper notice before each showing, you must give the renters the opportunity to buy the house first, and the new owner will have to honor their lease if they intend to stay.