I suspect your unit has already sustained a significant amount of damage by now, since you said there have been other people and pets staying off and on.Identify the damages and charge for them now.

So I get it.It's a sensitive topic, but the truth is our old pricing wasn't sustainable for our company.

If you can sustain the monthly loss and expect some appreciation you may work out well in the long term.

You can plan all you want about how much more rent you will get sustainably, but reality is that you are competing with every other landlord for good tenants and being more expensive for similar things is not a good thing for longterm.

What the agent is making has nothing to do with them helping you or not.They should have told you they were not interested in the beginning and couldn't help you.At 40k sale the agent is maybe getting 2 or 3% commission 800-1,200.Then you deduct business costs from that and their broker split.They might get 600 bucks net.If the deal takes 3 months to close that is 200 bucks a month before gas expense and shotgunning offers all over the place.Just from a business analysis the agent would be making a very,very poor use of their time and return per hour.I am amazed that brokers/agents just accept doing anything and seeing what sticks.You can't run a very profitable business model like that.I hope you find your 40k property to get started.I would counsel this agent to learn more knowledge and skills so they can work on much larger deals to sustain themselves.

It seems like many posts lately on BP are of the Wholesaling variety.Nothing wrong with that it just gets kind of redundant with the "I have no money but hopefully wholesaling will make me rich crowd".You can tell many of these individuals do not have a cent to their name.The number one reason any business FAILS and this has been tracked with research over decades is UNDER CAPITALIZATION.What that means in simple terms is you do not have adequate money to sustain your new business until it gains traction and takes off.Miss-management is another big one.It's better to wait and save more and start up with adequate reserves or partner with someone who has more experience and reserves than set yourself up for a high chance of failure when starting out.

If the property is not profitable, it cannot sustain tenants.

Some investors will freak out if they see you making even $2,000.The threshold for how much profit is too much depends on the property, your market, and your ability to communicate your value to your buyers.If the property has a lot of profit built in then you can sustain showing a higher fee.

The fact that he has an opportunity to get a sweet deal doesn't create passion or the will to sustain hits.

If they get quality service for these prices, and their CPAs are able to sustain these low prices - great.