All Forum Posts by: Ping Zhang
Ping Zhang has started 4 posts and replied 8 times.
Post: How many days were your property vacant before rented out?
- Posts 10
- Votes 3
Quote from @Laura Marks:
Hello,
Did you get this rented? Average time on the market depends greatly on the season, condition, price and location of your property. Typically, winter months are the longest and your lease should reflect that. All of the leases that I am signing now will expire in spring/summer of 2023. I rent a home in about a week, currently. In the summer, I will rent properties without them even going live for showings.
What does your home look like? A, B, or C property? Does it appear clean, fresh and inviting or something else. Kitchens sell the house, in my opinion. Does the condition reflect the price of the home? Are you getting lots of views but not applications? No showings or interest at all? That tells you a lot. Knowing how to interpret all of the above, can let you know what you need to do to get it rented.
Hi Laura,
Thanks for your response. I finally got it rented out on March 1st and it took around ~1.5 months :(
Post: How many days were your property vacant before rented out?
- Posts 10
- Votes 3
I recently just got my first investment property in the Independence, MO. It has been around 2 weeks on the market for rent.
I am wondering on average how many days your property were vacant before rented out?
Thanks,
Post: I hit plateau in REI - how to scale up?
- Posts 10
- Votes 3
may I ask which city are you vesting?
Post: Will you consider this rental deal if there are 28 safety hazards
- Posts 10
- Votes 3
This is my first real estate investment deal, SFH, 3b2b, ~1700 sqft, at ~$120K. It is around 100 years old. There are 28 safety hazards, 63 recommendations out of 169 inspected items in the inspection report.
Any recommendations would be appreciated.
Post: How to manage remote contract works?
- Posts 10
- Votes 3
Originally posted by @Scott M.:
You should change locks after you purchase so the crew would do that for you and they then have the key and can turn it over to the PM.
By the sounds of it you are hiring a crew on your own remotely VS using the PM's crew?
Good call. I can first find a PM, talk to PM to see if they have the crew to update the property.
Post: How to manage remote contract works?
- Posts 10
- Votes 3
I am new to remote invest. I am going to close a SFH, however it needs some work.
Who will turn the key to the contractors? Does the PM do this? (I have not started to talk to any PM yet)
thanks
Post: Do you want to buy properties which are already rented
- Posts 10
- Votes 3
thanks for your response. So we can rely on the Inspection to check the property. Any tips that we can check if there are problems with renters?
Originally posted by @Sattir Bitti:
few reasons
-Landlord want to sell the properties after appreciation
-minimal cash flow
-problem with renters
-upcoming big ticket deferred maintenance
Post: Do you want to buy properties which are already rented
- Posts 10
- Votes 3
If those properties are already rented out, why would the sellers want to sell them?
Is this a red flag about the property?
Thanks