All Forum Posts by: Chad Jarrah

@Michael Glunk...@Mark Gallagher is correct. Many parts of Liberty street are not the greatest so those areas are more difficult to sell especially if it's outdated. Maybe priced too high? Inbox Mark more about this. He's a good realtor in the area - if you give him more details (current listing price, Beds/Baths, condition of the home, exact address, vacant or occupied, units or single family) he could help a bit further. Good luck!

Hey @Michael Glunk...how are you? I invest in Allentown. How can I help you?

Thanks for the tip @Robert M. Reed!

Hi @Chirag Patel and good luck with your investing ambitions. I'm also interested in at least learning a bit more about this so I'm looking forward to any responses you get.

Hello BP Community...hopefully you;re all doing amazing things! 

I wanted to know if anyone could pass along any good commercials lenders for multi-units of 5 or more. Specifically ones that don't take into consideration W2's, work history, yearly income, etc. More so ones that look for good credit scores and real estate experience. The only one I found was called B2R Finance, and although they were helpful, they only offer loans of $300,000 or more. I just want to have some options in case I don't need a loan of that size. (If it matters, I live and invest in Pa).

Thanks in advance!

Thanks Chris Field...so do you send out specific letters to each prospect or is it like a general yellow letter sent out to all your prospects?

And thanks for the Loopnet suggestion!

Hey all...just curious if you guys had any other resources or websites you'd recommend to find good deals on multi-units. I search the MLS all the time but just wondered if there were any other resources exclusive to multi-units. Thanks in advance!

Jeremiah Hillard, that's more of what I was thinking I should do. I guess there really is no hard and fast rule but I wanted something that the tenants would expect with no issue. Thanks!

Thanks Edward N! Mine are just single family residences. And I agree, I try my best to keep them happy. Repairs are made quickly and properly, lines of communication are kept open and I even give a rent discount at Christmas to good tenants. Just never figured the right way to raise the rents. I have just raised a random dollar amount every few years or so. I would like to make a more clearly defined strategy to raising them.

Hey all, had a question that's been nagging me and wanted to get some thoughts.

I'd like to hear how investors increase monthly rents (residential) to their tenants. Do you have a percentage increase every year built into the lease? Just raise it a certain dollar amount every other year? Only raise it when a tenant leaves and a new tenant is on the way? Do you have renter's pay the water/sewer bill?

I have 4 rental props but I never quite figured out a good system for raising the rent. 

Thanks in advance!