What Do You Think??
Every renter tells themselves that the quality of the unit is primary.
But what really happens is that the perceived state of the property sets the tone, and the presentation of the leasing office seals it. By the time potential renters see the units they have basically made up their mind.
This is why, when passive investors look for a value-add deal, they should prefer the slightly junky building to the polished complex.
There is some “meat left on the bone” to do an obvious improvement and quickly boost the rents.
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@Lennon Lee 100% agree! Great article.
Hey! That's just like dating!
@Lennon Lee , I agree with you. Buy the worst property on the best block. It just really all depends on the individual and their financial goals. Is the investor more risk averse, or isn't he. I think that's what it boils down to. But heck yeah, I'm with you who doesn't love yield