I was astonished to hear these words coming from a seasoned investor – somebody I respect a lot. “I need to rent the place for at least $1,200,” he said. “I won’t rent it until I can get at least that.”
The rental unit in question had been sitting vacant for about six months. It wasn’t [...]
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Many landlords are scared to push their rents right now. In the self-storage industry, for example, landlords are considering rent reductions more than increases, and many real estate owners feel lucky if they can leave their rents unchanged this year. Articles are abundant, talking about the inability of office and commercial landlords to maintain current rent levels if they want to attract or retain tenants.
A while back, I 
Last year I had a gas bill for $1400. That was almost one-third of my entire rent for that property for the month. This year, however, I could get bills that are even higher. Meteorologists are predicting the coldest and snowiest winter for the Northeast in years.
Wholesaling houses is much easier when you have a list of active buyers lined up ready to purchase your deals. I personally spend just as much time looking for deals as I do looking for buyers. I am always on the hunt for new buyers, and as a result, I am usually able to unload my wholesale deals within hours of putting them under contract.
Rising utility costs are one of the many challenges we multifamily landlords have been facing in this “perfect storm” economic climate. Landlords who traditionally paid for utilities are searching for ways to transfer those costs to tenants.
Joshua Dorkin
Charles Feldman
Ted Karsch.
