Definitely interested in AI solutions for typical landlord issues!

If so that could be the issue loan to small.

It’s a structural one.Why it’s happeningBuilders have tools individual sellers do not:• They can buy down mortgage rates into the 3’s-mid-5s while resales are stuck at 6.5%+• They can offer closing cost credits without triggering appraisal issues• They adjust pricing based on absorption rates, not emotions• Inventory carries measurable costs for them, so they act fasterMeanwhile, resale sellers are slow to reprice and anchored to peak-era expectations.That creates a pricing gap investors aren’t used to seeing.The investor angleFor most of the 2010s, investors avoided new construction because it was more expensive, taxed higher, and offered no rent premium.

Thank you for your time.Hi Yossi, Dayton has often some deferred maintenance work needed so I would advise speaking with agents who knows the areas where you might face such issues. 

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

And I do currently own a long-term rental, so I’m familiar with tenant issues, maintenance, and the fundamentals of owning and operating investment property.

I understand that there can be liability issues for landlords in answering these types of questions.

Have you had any issues with the tenants paying on time?

It’s already paying off—and will continue to for decades.What Went Wrong• Neighborhood issues• Construction period extension denied• Rehab 2× over budget• 2.5-year timeline• Stress, doubt, and constant cash injectionsWhat Went Right• I didn’t quit• We completely revitalized a neglected pocket• Cash flow is strong• I gained multi-unit, heavy-rehab experience that now makes everything else easier• The area is now a feeder for future BTR and infill dealsMy TakeawayEverything that could go wrong did.But finishing the job created lasting value, for the neighborhood, for my portfolio, and for my own skill set.

We have a 3 year right of redemption here, so I can go on our revenue commissioner website and look up parcels and apply to buy the property for an amount they email me, and if the state has owned that property for 3 or more years, they would issue me a tax deed.