Andy S.
Fully Occupied--When to raise rent?
I have a 15 unit apartment complex that I purchased at the beginning of the year. Most units are paying $550-575. I turned over 4 units so far and raised rents to $700. The other 11 units are still paying low rent (...
Jerry Hodges
Multiplex Comps? ARV?
I’ve recently come across a potential fix and flipper or fix and hold apartment complex. How do I go about calculating comps on a multiplex? How do I determine the ARV? According to cad they are multiple sizes and the...
Brian Hamel
Under market rents. How much do I go up?
Hi BP,
I acquired a property last year in a small market and have came to notice the current units are under market. I should be able to get $750 to $850 per unit. Right now they are $475, $550, $550 and $575. This su...
Kyle Mullins
Raising Rent for Long Term Tenants After Purchasing Property
Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
Steve Velez
Rental Increase Advice (NYC)
Hey BP, I'm looking for guidance/advice on how to raise the rent on an existing tenant. Some history... I have a long time tenant renting for almost 10 years for my coop rental property (first rental) in the Bronx. ...
Sean Todd
2022 Rental Market Questions for Fellow Landlords
Hello fellow landlords! I am curious how much you are planning on raising your rents this coming year. As I am doing my comps I am noticing a huge difference from my current leases and what they would lease for. Mo...
Matthew Haban
Need help analyzing deal
Details:
19 unit park - 18 tenant owned trailers and 1 SFR (manufactured home on horse property). Has city water and has septic.
Currently rent is 325/per lot and hasn't been increased in 10 years.
Purchase price...
Jeremy Goldizen
Cons to buying Condos?
I bought my first condo two years ago to house hack (roommate paid almost 70% of my living expenses), plan was to purchase several within my complex because leasing was allowed. That lasted 3 months until I met my fu...
Casey Coffey
Base hit to home run deal
Investment Info:
Single-family residence buy & hold investment in Elizabeth Lake.
Purchase price: $290,000
Cash invested: $100,000
Elizabeth Lake Property that was initial just a base hit propert...
Sebastien Beauboeuf
How do you deal with pushback from increasing the rent?
I've been looking at some small multi family homes on the MLS in Chicago and it seems like a lot of the rents on there are below market. I assume that the rents are placed by the seller's agent and are accurate. So I ...