All Forum Posts by: Erik Sherburne

Great feedback everyone exactly what I was looking for. I'm content in the $1000-$1200 range as I feel there is always a market for that.

What does your lease say about providing air conditioning? Is it a must? Heat in the winter is for survival but air conditioning isn't. Were they setting the temp to 74? 78? 65? All of those would have very different running costs. You made an honest effort to provide as best you can. If it were me I'd get them a Dairy Queen gift certificate and maybe a $25 credit but i wouldn't say you "must".

It has changed me in that I have an appreciation that all people need a home.  Not just a house, but a place that they can come back to at day's end to relax, be comfortable and feel safe.   Yes, they have a responsibility to pay rent, to take care of the place and it is important that we hold them to that but I (we) have a responsibility to provide and maintain a place based on the expectations of the lease and how we market it. 

That is why I take the time to talk to perspective tenants to understand there needs and make it clear what my expectations are of them.  I do feel like a mutual respect is earned in that way.

Good discussion!  

As the rental market stays hot the rates are increasing quite a bit year after year.   I don't see how that continue.  When that slows or retreats does anyone have an experience, anecdotal or otherwise, as to how that affects various rental price "brackets".    Will an $1800 rental pull back to $1700?  $1650?   While a $1200 rental would pull back to $1150?   The $1200 will always be more affordable and that is where I continue to invest but the $1800 has a higher upside, my concern is just where we are in the market cycle now.

I'm seeing similar however if you like ARMs I've seen 4.875 on a 7/1

Question for the experts: is there any reason to not accept prepaid utilities and monthly pet fee?

I just upgraded my account to be a "Pro"!  That is all, just excited and wanted to share!!

Curious who has changed their criteria with raising rates. My logic is that unless home prices taper not buying now will only sacrifice C on C later so even if I'm not get 12%, 10 % now is better than 8% later.

About 15 minutes at most but it's tougher to find deals in that space now

@Aaron Klatt says it well. To think of it a slightly different way. Would you take their rent check and immediately invest it in crypto if you that the value would go up or down 15% within a week? Or would you rather have the money.