Sooyeon Kwon
Loans for self-employed first time home buyer?
Hello,
I am totally new to RI. I set up my S corp less than two years ago, hence, only one year worth of corporate tax return is available. Prior to incorporating, I was on 1099 for about 2-3 years. My income increas...
Quentin Mitchell
Good Tenant (Rent increase)
I just wanted to know people's opinion on this, if you have a good tenant but their rent is below market value, should you look to increase rent even if it could be pushing them out of the property from an affordabili...
David Ivy
Year-End 2017 Market Report
The December 2017 Central Texas Housing Market Report is out from the Austin Board of REALTORS®. It was another record-breaking year for total homes sold, beating 2016 by 2.4%. Home prices increased 5.4% in 2017 in th...
Ryan Delauz
Purchasing 5 family with under market rate rents
I am purchasing a 5 family that has under market rents. One of the units will be empty and the other 4 units are being rented for $1,000 (3) and $900 (section 8). They should be on month to month lease when I take ove...
Derek Jundt
Raising Rents on Inherited Tenants
Hello! I will be closing on my first investment property (househack) in 2 weeks and I am looking for advice on raising rents on the inherited tenant on the other side of my duplex. Her rent is $1,000/mo and current ma...
Eric McCusker
Is raising rent with a long term tenant a good idea?
I’ve had the same tenant in my single family home for 12 years and have never raised rent. They are great tenants that pay on time, never really complain, and generally take good care of the property. Since their fis...
DeMonte Dinkins
Multi family housing Right now
Giving the circumstances ... just going against the grain right now. Is it a decent idea to go buy a multi unit property, 3-4+ & charge the bare minimum rent during the first years lease? Then maybe a 15% increase...
Amy Kim
Keep it !? or sell it !?!?!? Jesussss
Hello folks!I have a condo in Vancouver, Canada.It cashflows CAD $13/month.I know.. sucks..I bought it $373k in 2018, and now similar units are sold for $450k. The tenants are awesome.But mortgage maturity date is com...
Quan Tran
Increase rent during pandemic, should we?
Good afternoon everyone, all inputs are much appreciated. We have a 3 family house with each unit having 3 bedrooms. The going market rate now in Worcester MA is between $1400 to $1600 if I'm not mistaken and I only...
Peter Stewart
Trying to determine if it makes sense to raise rent
I am determining what to do with a townhome I own in Inglewood, CA, and would love some input on my situation.The property has been a rental for me since January 2011 and I've had the same tenant the entire time. She'...