All Forum Posts by: Monia S.

I have been looking into investing in duplexes however investing in apartment buildings instead has been said to be the better option.

Although I will more than likely continue with my first thought of going forward with duplexes, I'm still wondering the pros and cons for both and would like to get other options about the two.

Thanks

@Melissa S Vrobel I was referring to what you had initially said, "taxes and insurance being raised each year", and referencing the fact that some renters may choose to leave or break their lease when asked for higher rent. I definitely understand that when your renting a property you are in it to make money and after your response it makes sense not to sell the other property. However good long term tenants are not always easy to find which is all I was pointing out in your situation. If you have not raised the rent at all for five years and now that things may be tight for renters, decide to raise the rent by that much, it may cause them to leave and you maybe faced with a bigger problem. When I said I agreed with the person who said it may cause them to leave- I should have continued by saying I agree with his entire statement... to raise the rent in increments which, in my opinion, would be more reasonable.

@Melissa S Vrobel that is a difficult situation to be in. I agree with some who said that the increase may cause them to leave, especially now with everything thats going on. It would be ashame to lose an ongoing good tenant with a good payment history because of a situation that is hopefully temporary. Have you considered selling the smaller house they moved from?

@Yoann Dorat Thanks for the feedback. Still new to the site and didn't know how to get to "mentions" at first, otherwise I would have responded sooner.

But that makes sense though. When I was searching and came across them I wasn't sure if an LLC was another wholesaler basically putting their mark on the property or if it was the property owner not wanting to put their name on the deed for whatever reason.

As a wholesaler I have come across several properties that are bought under LLC'S, would that be a small factor that would cause an investor to look elsewhere?

Having appliances for the tenant will always be a pro in my opinion because most places offer them and many people will look else where or ask for a decrease in rent if they are not available. Especially common appliances like a refrigerator or stove.

This is a good question and something that I never thought about. I don't think it would necessarily be false advertising because your saying "we buy houses" and since you are working with the person who is, in my opinion, it wouldn't be.