Posted on 09/13/2022 8:51:20 PM PDT by SeekAndFind
Do these numbers include all utilities?
Dang. My daughter’s lease is up on a place in Fairbanks the end of this month. She can renew if for a 25% increase. I thought that was bad.
She’s moving.
Rent has increased about 100% in my area in 10 years, Lebanon TN, a suburb east of Nashville.
I’ve resisted raising rents on our properties, because in the long-run, it’s cheaper to keep a good tenant.
The housing shortage is going to be with us for a while.
The housing shortage is going to be with us for a while.
You will own nothing and be happy.
https://www.realtor.com/realestateandhomes-detail/1013-4th-St_Braddock_PA_15104_M45758-80292
$3,000
Est.
4
bed
1.5
bath
2,308sqft
2,308 square feet
3,302sqft lot
3,302 square foot lot
1013 4th St, Braddock, PA 15104
Property Type
Single Family
Time on realtor.com
88 Days
Price per sqftPrice per square feet
$1
Garage
2 cars
Year Built
1907
Spacious four bedroom home with a two car integral garage. Minutes to I-376. Property is sold via Quit Claim Deed. Buyer to complete due diligence, Buyer is responsible for all liens, judgments, & encumbrances, estimated in excess of $22,000.
https://www.realtor.com/realestateandhomes-detail/1017-4th-St_Braddock_PA_15104_M40671-11125
$39,900
5
bed
1
bath
1,760 square feet
2,749 square foot lot
1017 4th St, Braddock, PA 15104
Property Type
Single Family
Time on realtor.com
167 Days
Price per square feet
$23
Year Built
1917
https://www.realtor.com/realestateandhomes-detail/1176-Grandview-Ave_Braddock_PA_15104_M31622-03062
Pending
$59,995
Est.
2
bed
1
bath
1,754 square feet
4,622 square foot lot
1176 Grandview Ave, Braddock, PA 15104
Single Family
Time on realtor.com
112 Days
Price per square feet
$34
Year Built
1910
Pending
$75,000
Est.
3
bed
1
bath
2,822 square feet
8,712 square foot lot
1542 W Forest Ave, Decatur, IL 62522
Property Type
Single Family
Time on realtor.com
5 Days
Price per square feet
$27
Garage
1 car
Year Built
1926
Brand new kitchen in this west end charmer! All new appliances, cabinetry and luxury vinyl plank flooring. Top part of roof and porch roof were just replaced in 2022. Central air is just a few years old. Don’t miss the large screened porch off of the back!
Everything around NYC seems expensive, even Scranton and Bridgeport.
You vil own nothink! Und zeee grasshoppers are very fat and tasty this time of year. Wunderbar so enjoy!
https://www.youtube.com/watch?v=o7yQOG4Ty-s
At least someone is thinking and is going to make some money. Notice how the refrigerator is outsized compared to the rest of this tiny pre-fab house.
Still have to have land to put it on
Very true. But as appraisals increase, taxes and insurance increase. You have to raise rents sometimes.
What works for me is the following:
I only write 1 year leases. I figure both landlord and tenant need to reevaluate after a year.
After the first year, I have an unwritten rule. If I like the tenant, I will not raise the rent. If I do not like the tenant, I will.
After the second year, I will look at the zillow rent zestimate. I will raise the rent based on the difference between the zestimate and the current rent divided by 2. I figure a good tenant gets a 50% discount on the increase and the place is still below market value.
For new tenants, we start at the zestimate.
Many realtors and brokers here in So California - OC - expect a sharp correction, if not crash in RE market.
We have seen this several times since purchasing our home in 1989.
That's right! It's called "real estate"... and it's the MOST substantially sound investment of all.
What a concept.. Your own, low cost home, on your very OWN property!
Or.. would you rather "rent" the property you put the home on?
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