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Updated almost 10 years ago on . Most recent reply

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45
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2
Votes
Roselynn Lewis
  • Real Estate Investor
  • Alexandria, VA
2
Votes |
45
Posts

Apartment Profitability

Roselynn Lewis
  • Real Estate Investor
  • Alexandria, VA
Posted

What is the most important skill to learn as an investor in order to make your apartment investment profitable? 

Where is the money made/lost in apartment investing?

If you were starting over today, what advise would you give yourself as an apartment investor?

Most Popular Reply

Account Closed
  • Lender
  • Dallas, TX
128
Votes |
283
Posts
Account Closed
  • Lender
  • Dallas, TX
Replied

for profitability, always drive rents. It is always easier to raise rent $1.00 than to save $0.50. I assume that you will always be frugal on expenses. Keep in mind that as a landlord, this is an investment but to your tenant, it is home. Tenants will not object to a slightly higher rent if the value you offer is worth it. We focus on selling lifestyle not space on our properties. We believe that part of the rent tenants pay is for service so don't forget that how you respond to tenant request is vital to good quality tenants an lower costs.

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