Hi Ayyoub Research is the key, Conduct thorough market research to understand why the competing property is listed at a lower rent, Consider any improvements or upgrades that could enhance the appeal of your property to potential tenants, If you're unable to match the lower rental rate of the competing property, consider other incentives to attract tenants, such as offering a shorter lease term, including utilities in the rent, or providing additional amenities.Hope it helps.

You may increase your knowledge of various techniques, markets, funding choices, and best practices by using resources like as books, podcasts, online forums, and instructional platforms.

On the other hand if you prefer a more peaceful area that will also attract guests, our market has communities that are more spread out and may also have a forest or lake view.

(I will discuss interest rate buy-down options later.)How much would refinancing cost you in increased debt service?

We purchased it below market value and increased the rents from $1000-1200 up to $1400-1500 What was the outcome?

The property is indeed in another state (NV) so it sounds like that does increase the LLC maintenance/fees.

It starts with decline in morals and values with increased promiscuity and violence.

For context, land here has gone up 4x in value over the past 4 years and continues to increase as the city sees more development.

However, it may lead to higher monthly payments and increased debt.

You used to be able to get rates in the 4-5% ranges, but now they are in the 7-8% range due to an increase in inflation.