All Forum Posts by: Brett Deas

On paper, this may seem like an impact. But you always find a different reason. Denver's rules love to make it hard to turn down a bad tenant, which is why you ask enough questions to find something that you can turn them down for. 

I have 3 places in Hocking Hills, soon to be 5 at the end of the month. We find that the new cool styles of properties don't perform as well as people might think. There are a surplus of rentals in the area and many are now failing after the 2020 boom, that includes tiny homes. 

The one things that does make properties profitable that are struggling is the natural amenities that appeal to families. That could be cool property (Water falls, streams, rock formations), or a family gathering ground. Family gatherings are really popular for the area so appealing to that demographic can help. 

Why are you wanting to sell it? Are you moving areas or upsizing? 

Well its good to see you have morals. Most in your situation don't. 

I think if they are quality tenants than I would raise it slowly. That way they aren't shocked with the crazy increases but you can get your rents to market. 

Well numbers wise I wouldn't look at paying off anything, you lose out on all the leverage of the money. 

Something you could do with all the cash is looking into passive RE investments (I.E. Funds/syndications). Reason being you have more than enough to put into these types of investments, and they typically 2X or 2.5X your money over the course of 3-5 years. You can also diversify seeing as minimum buy-in is typically 25K-50K so you can choose a few. 

I 100% wish I bought it sooner. It took me 6 months of looking till I found a place that fit my buy box. I had it on my radar for a few months and I wish I has pulled the trigger earlier. 

My guess is as long as interest rates are high, the new home sales will increase. With their interest rate incentives, and the only ones who have inventory they solve pretty much every buyers problem right now. 

Find a new PM. They get paid when you get paid, so if they can't pay attention enough for themselves to get paid you certainly aren't their priority. 

I find if I end up getting told about it its good news. There is alot of crap out there so I let it filter out through my friends before they bother to tell me. 

The odds are low. Why would they pay you early? What happens if the deal doesn't close? There are a lot of unknowns and as an investor, I don't see why I would deviate from the normal process.