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15 November 2011 | 8 replies
Does he have multiple crews?
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19 November 2011 | 5 replies
These are the questions I ask of buyers.I know the chance of a deal happening based on their answer.Statistically a direct buyer has the best chance of transaction a deal for me an earning me a commission.The other ways there are multiple times in the deal that things can fall apart and you are back at square one under contract again.
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15 November 2011 | 18 replies
I made it a point to stay out of those areas for multiple reasons.
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18 November 2011 | 17 replies
The chances of your house burning down are very low and if you have multiple properties the chances of them all burning down at the same time is astronomical (assuming they are not right next to each other).
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26 November 2011 | 50 replies
But still, the net yield (assuming a more realistic 45-50% expenses/vacancy/capital) is considerably better than most alternatives.Maybe it's this: they like you to lever up so that you can use your capital to buy multiple properties (meaning multiple sales and higher prop mgmt and maintenance residuals from tending to all these properties).
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18 November 2011 | 0 replies
I just started a real estate brokerage and am looking into how to syndicate my listings to multiple websites in the best fashion.SellPoint costs money, but I remembered about a year or so ago signing up for a free acount (I think it's good for 2 years).Any feedback on this?
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20 November 2011 | 12 replies
Brian it just depends on the tenants.I do small increases but not too large.If the tenant has lived their awhile I have to weigh going up 20 bucks a month for 240 extra a year versus them moving,losing a months worth of rent (840) and then putting about 1,000 or more in new carpet paint and repairs.So at 240 extra a year it would take me about 9 years to recoup that money on the unit.It also depends on if you plan holding it that long or not.In my area tenants are barely getting by and lay-offs are happening every month to some.I think right now at least for my area isn't the time to push rent increases strong.I know what you are saying about landlords not increasing the rent for years and years.Some just want full and not deal with the headache anymore.They would rather have full and paying than charge higher rates and have more turnover and struggling from the tenants and more accounting to keep up with at multiple payments per month to pay the total rent.I believe as long as you are close to market rent but under by just a little you are not losing that much.It also depends on how cheap you bought the property.Some buy really cheap and cash flow like a monster because they purchased so low even though below market rents.
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30 January 2012 | 39 replies
Sold with multiple offers on the first weekend at $420k.
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8 December 2011 | 5 replies
Maybe they assume I own multiple properties and will give them more business in the future than a homeowner.
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9 December 2011 | 3 replies
We had multiple offers and turned down other prospective buyers - who might have worked with us on price.