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All Forum Posts by: Clay Scott

Clay Scott has started 1 posts and replied 3 times.

Post: Legal or Illegal: High income requirements for multiple tenants.

Clay ScottPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 3
  • Votes 1

@Kim Meredith Hampton your applicant guidelines are great! In fact the entire FAQs are excellent. I'm going to model mine after them.

Post: Rent Premium for a Storm Cellar in SW Oklahoma City?

Clay ScottPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 3
  • Votes 1

@Rocky, do you mean a normal expectation to have a cellar or a normal expectation to get a bit of a premium for rent because of having the cellar?

I'd think the same would be true for those living in Edmond, too, since you've had your share of twisters in the past decade or two.

Post: Rent Premium for a Storm Cellar in SW Oklahoma City?

Clay ScottPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 3
  • Votes 1

I just purchased my first ever investment property. I'll soon be done with the renovations and I'm excited to get it rented. The previous owner/occupants installed a storm safe in the garage (see https://goo.gl/21afSb for a photo of the type of shelter). The house is located in SW Oklahoma City where tornadoes aren't uncommon. (It's 3 miles from the path of the deadly 2013 tornado that struck Moore, OK.)

Is there a premium to be added to the rent because of this feature? If so, about how much ($ or %) could I expect to add to the base rent?

Thanks in advance.