All Forum Posts by: Matt Franzosa

@Drew Sygit 

Drew, comparables support a $6500/month rent IF the house were fully furnished. I agree with you though, partial is never gonna work.

In this instance, I think a long term rental makes more sense.

I think what I'll do is cut the monthly rate and just advertise as an LTR.

Thanks again for the advice!

Thank you for the info guys! Very helpful!

So, I have this 3400 SF house I am trying to rent out.

- All utilities included (except internet, water, and pellets for the pellet stove)

- Comes with private sauna

- Comes with Private Gym

- Comes with shared in ground swimming pool

- Comes with wrap around porch

- Comes with jetted soaking tub in the primary bathroom.

- Partially furnished (everything except living room and primary bedroom)

- Comes with property management

To put it bluntly, the rent being charged is higher than your average consumer can afford... $6,500/month to be exact.

When I think of who might be able to afford a rental like this. I think business exec relocating for work for an extended period of time, traveling nurse, etc.

What are some platforms or places I can market my rental to target that audience?

So, you're presented an off market deal for a quadplex. The seller has all units currently occupied. However, the current rents that their collecting from tenants is a few hundred dollars lower than current local rental market values.

1. What's your process for increasing rent if you end up closing on the deal?

2. What's are things you look out for in situations like this??

3. Tell me about a deal you've done like this and a couple things you wosh you knew before doing the deal.

#cashflow #investormindset #makeitmakesense

  @Melissa Justice Thank you! I love all the energy I'm getting from folks on this post 🥰!

I feel like this is also a good time to mention that I have 15 years experience in the commercial construction industry as a PM and I also run my own little property maintenance business (juggling lots of balls but I love it!!!). Call me your real estate Swiss Army knife! 

I agree with you whole heartedly on the cash flow struggles of the north east! Granted I've only been digging into it for a couple months now. Maybe I'm looking in the wrong places 🤷🏻‍♂️.

Anywho, I've seriously thought about investing out of state for the exact reasons you've mentioned above. I guess my one big hurdle is getting past the idea of buying a site unseen, and not being very close by if something goes wrong or breaks...

I guess I don't HAVE to buy it unseen, but those are  the things that cross my mind when I think about investing out of state.

@Patrick McCann Id love to connect sometime! I'm always up for meeting new people and building relationships!

Hey everyone, I'm Matt and I live in southern New Hampshire. I'm currently a licensed agent in both Massachusetts and New Hampshire and am looking for start/grow my investment property portfolio.

Lets make some stuff cash flow!!