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I’m purchasing a new property and the tenant as been there since 2010 and I’m sure hasn’t had an increase. He’s currently paying $300 and the property next door in same condition is currently for rent for $550. What w...
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I am about to close on my first fourplex this Friday through an owner-occupied FHA loan. The property fits my investment requirements at market rental rates. Unfortunately, the previous owner has kept the rents for th...
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Hello, I have a question about the procedure for rent increase. Since l had to increase rent for a tenant, l first talked about it via phone and text message (it’s very difficult to communicate with them via email), t...
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Hey just wondering if anyone had any thoughts or similar experiences:
I own a duplex in Logan Square purchased for $609,000 in August 2019. As of May 2021 it was valued at $650,000 according to zillow. My property ta...
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i was watching a video on youtube about purchasing multifamily properties and posed a question. The instructor mentioned that increasing the NOI i.e. rents in a four unit or less property doesn't increase the value, B...
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Hello BP!I own a 3 Flat property on Chicago's Near West Side and I am planning on increasing rent in the following manner:(Rent increase is due to market rents and a hike in property tax)3bd/2ba, 1,150 sq ft Apartment...
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Every day, it seems like more and more inquires, meetings being scheduled, showings requested. Exciting! Investors never stop!
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I purchased my first duplex and have kept the tenants on MTM to see how they do. I just received the appraisal for 2024 and the assessed value will increase $28K, increasing my taxes $600 if the tax rate doesn't incre...
Hi there! I am an experienced LTR investor but this is my first go at STR. Located in a popluar fishing destination, there is a decent amount of traffic, but I am not getting any actual bookings....Any insight, tips...
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I’m happy to announce we just closed our 2nd deal within the last 6 months at RSN Property Group - 281 units in Greenville, SC 🌳We are now seeing rates shifting within the last month above 6% and knocking on the door ...