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23 March 2020 | 11 replies
Then after CV passes, hopefully quickly, I would look at your market & see if raising rent makes sense & address the meow meows.
22 March 2020 | 4 replies
We didn't even raise rent this year, but since we posted in October we only had a handful of people come to see the house.
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25 March 2020 | 4 replies
Alternatively, raise the rent to market rate.
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3 November 2021 | 72 replies
I would be using a hard money lender (80% LTV, 10%, 1yr loan term) to acquire and then begin renovations and raising rents to market. and then do a VA cashout refinance or FHA and move into one of the units. so my risk is if the property will not hold its value or go down and I cant refinance and/or if my new tennat base will be able to afford the new rents ($950).My gut is telling me to stay liquid and see how this plays out but there's this FOMO (fear of missing out) side that thinks this will blow over and I won't have a deal.
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22 March 2020 | 4 replies
When I raise the rent, I don't require any additional money for the security deposit-just what I got when the original lease was signed.
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23 March 2020 | 7 replies
The previous owner had not raised rent for 4 years so I will inch that up as their leases expire.
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7 April 2020 | 15 replies
(Good parking situation is helpful when you house hack so as not to raise the ire of the neighbors.)How'd we source the deal?
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29 March 2020 | 29 replies
It's unfortunate that this situation happened during your raise process.
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1 April 2020 | 13 replies
I have tenants who are due soon who I'm strongly considering either not raising rents on or offering short term renewal options (2 things I'd ordinarily not do), just to keep them happy and make sure I don't have to show a vacancy before the fall.My suggestion would be something similar.
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23 March 2020 | 7 replies
Plus with how things are right now, I doubt you'd want 3 vacant units in Dec and you're likely to get that if you raise rents $200-300 AND add in utilities.