Confirm local cold-climate specs and size correctly; add dedicated electric hot water per unit.

True DCR should include all the recurring and predictable expenses you’ll actually pay to keep tenants happy, properties safe, and the city off your back.Here are a few commonly missed or underestimated expensesthat destroy real DCR: 🐜 Termite Bonds & Pest Control: Annual termite protection and monthly pest control are non-negotiable in many climates, especially in the Southeast. ❄️ HVAC Maintenance Contracts: Annual tune-ups and semiannual filter replacements aren’t optional if you want your system to last.

What is the RE climate like there now?  

Preferably warmer climates with winter approaching.

Climate risk is 1 to 10, the highest climate risk (of 6 or 7 factors) as determined by Pro-Publica in a recent article (with data for every county.) 

How do we check out the RE climate and social climate if we don't live in that area? 

Install throughout main areas for consistency Rochester renters love.Why Rochester Property Management Avoids Carpet Carpet creates ongoing maintenance nightmares in Rochester's climate and can require frequent professional cleaning and replacement between tenants.

The only way to make money in this climate is to use creative financing.

The Midwest is going to strategically matter more in the future and population will be growing due to fresh water and cooler climate, also fewer storms (lower insurance premiums).

Just want to add on here to keep in mind what the climate/weather is like in the areas your properties are located in.