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I am looking at a 4 unit building that is severely hampered by low rents for the area, which is an indication the seller has not raised rents in many years. Each 2 bed / 1 bath unit has air conditioning and is a bloc...
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Here’s an interesting article that shows the year over year rent changes in most of the major markets in the US, including many that are popular on BP.
http://www.businessinsider.com/rental-prices-are-soaring-around...
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Tenants have been renting for 4 years now ALWAYS on time...They are perfect tenants. However, i noticed the lease states rent is $ 895.00 a month, NOT $875.00 I just noticed this after 3 years (I know). I asked them t...
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I’m concerned about Minneapolis’s rent increase restrictions going into effect soon. I’m a new investor, trying to pick an area ( or areas) within 30-60 minutes from my St Louis Park home, outside Mpls boundary, I thi...
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Hello fellow BP folks! I wanted to share one of the projects that I completed that led me to finding my way to BP's forums and has inspired me to start my journey on flipping homes. I also hope anyone reading this mig...
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Hi everyone,First off, very grateful for everything I can learn from BP and to everyone for the contributions.My question this time. I have just done my first scheduled maintenance visit to my first rental (great tip ...
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I have had these tenants for the past 6 years, always pay on time and low maintenance folks. I have held off on increasing rents for a couple of years in the past due to COVID but I can’t absorb the rising insurance a...
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Hi all,
I have two tenants in my 3B/3B property. One of the tenant has been there for 2 years with the same rent amount since he moved in we have a month to month lease. When is recomendé to increase the rent and how...
On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five years while focusin...
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Whats the average Annual Increase of Rent rates (especially here in BC). I'm Assuming 3-6% is the average but i could be dead wrong. Thanks!