Updated over 8 years ago on . Most recent reply
Long Term passive income
I have a property that is only $57,900. It is refurbished and updated. It has 3 bedrooms and 1 Bath. Almost 1200 sq. ft. The home is in a good part of a suspect town. Well kept homes in area and a Police officer lives next door. The home will rent for $850.00 -$900.00 easy. The previous renter paid $850.00 when it was in rough shape. MLS is not effective. My realtor has not brought anyone to the home. My Bandit signs have been attracting some attention. One of my questions is; Why would investors spend so much more money to rent a home for only a few hundred dollars more. Any suggestions on how the market the home in a more effective way?