All Forum Posts by: Tylere Weaver

Is it worth the cost of doing so however?  

I'm intrested strictly for the tacos. 

quick note from my own investing the fewer you have the more of a pain they are.  As you accumulate more systems get out into place it becomes easier.  Invest wisely and have multiple exit strategies.  Bo has their calculators that are great to help run numbers and give you a close idea.  

good luck let us know what you end up doing! 

Gosh no has the calculators to run these numbers for you.  Super easy to run them.  And the on the market pod cast they also do deal analysis walking one through all these steps and help you do real life deals.  Good easy listening and helpful to understand. 

have you defined your buy box?  Do you know what a good deal is if you where to find one?  

Prop stream?  It's a data base that you can subscribe to and use.  I think they offer like 5 free searches.  I have read others that will do the skip tracing for you for like .40 cents a search.  Sound alike you might need to figure out a funnel system to generate leads for off market properties.  I know bigger pockets and David green has had a few great resent pod casts on this.  Some where between June and August of this past year there was a few.  I think Rob abasolo did one with another guest just on his funnel system he set up to find off market deals.  

good luck let us know what direction you go in.  Super interested in your success. 

I know when I have set goals on how much I would like a property to perform it's so easy to then work backwards and meet those goals.  So maybe you could look at the property and figure out what it is lacking in order to get market rent and then do that.  

you have to honor the current lease but let them know when you take over what the plan is. If you can do some improvements that won't affect their living there then slow down the work raise the rent. Spell it out for them. New lvp in apartment rent is going up 150 bucks. Tiles bathroom surround rents going up 100 bucks. Idk if they would love new windows or roof that's a hard roi to pull off. Curb appeal might have an increase in the ROI as well. Just showing you care and providing a service they will be excited to have it freshened up and then having a great spot they will be cool with the rent. I just raised two properties 30% in one shot. Both tenants said they knew it was coming and we're glad to resign the lease as they had been looking and knew they were underpaying and even with that jump it was below what they could get not to mention the money required to move and get into a new place.

make sure your lease has an escalation in it for each year.  That way when they re-up they already know how much more it's going to be.  Even if it's 50.00 bucks its gonna increase and that my friend is dinner with the wife money. 

So there's a property in a small town near where I live that would be a great addition for me.  The listing has been pending for 6 months now.  Nothing has moved.  I know it's stupid and I should just call myself.  But should I call the listing agent and ask what's going on or would that be better for my agent to make that phone call.  Any input would be 👍

sounds like she needs to leave.