So, this conversation came up with my best mate yesterday evening and I thought I'd get some insights from the investor gurus here.Given what's going on now (increasing prices and lower inventory), and given the growt...
Hi everyone,
With lease renewals coming up , are you guys renewing it back to a Year lease with your tenants or just rolling it back month to month and why?
Also, i was planning on raising the rent by min 3% (25$)...
I have a tenant that is month to month, i bought the property march 11th and would like to increase the rent. He is currently paying 700 for a 1 bedroom. The average price of a one bedroom in the neighbored is about 9...
Hi all, We have a 2 family in JC heights, until recently my family asked me to manage the property. One thing I would like to do is increase rents on long term tenants (2 bedroom tenant has been there 11 years) and th...
Interesting CPI data. The downside is this will most definitely lead to a rate hike. I have strangely seen in Chicago over the last 10 days a strong increase in investor demand. Getting offers on all 3 of my listings ...
Prior to this I was paying 8% and 1 months rent. Here are new terms:-9% per month-1 month rent when leased for 0-12 months-1.5 month rent when leased for 18-24 months.I never seen the 1.5 month rent for 18-24 months w...
Hi BP!Does anyone know how absolute triple net property valuation work? I know there's probably a lot of variables like sqft comps, the tenant, cap rate, etc. but to keep it simple lets say you have a property that's ...
I own a duplex as an owner/occupier and rent out the other side. I inherited my tenants from the last owner who did not raise rent in 4 years. In that time there has been significant development in the neighborhood ...
There has always been one formula that has stumped me and I am hoping to get answers from someone wiser. How would I calculate the future value of a property if given a known rent increase over a set number of years? ...
Hey Biggerpockets Community,
I have a question for the landlords out there who has rental properties. Did you guys recently increase your rent due to inflation? I'm a new investor who has recently bought a rental pro...