Comments on: Rental Real Estate https://www.writeyourownreality.com Aggressively pursuing a dream is the only way to write your own reality. Documenting my path of turning dreams into investments and success! Mon, 30 Nov 2015 00:02:06 +0000 hourly 1 By: writing2reality https://www.writeyourownreality.com/rental-real-estate/#comment-70487 Sat, 07 Mar 2015 04:23:26 +0000 http://www.writeyourownreality.com/?page_id=677#comment-70487 If you can raise rents significantly, than by all means give them a boost. My challenge is the market won’t support a rent level $300 higher than it is now. I am still looking forward to dumping this property when the numbers make sense. I’d rather own real estate that matches desire to generate cash flow.

Thanks for the comments and best of luck on raising the rent.

]]> By: Vivianne https://www.writeyourownreality.com/rental-real-estate/#comment-70468 Sat, 07 Mar 2015 03:23:20 +0000 http://www.writeyourownreality.com/?page_id=677#comment-70468 I’m planning on raising the rent as the contact ran out with the ex owner. Hopefully, it will go well. I think I can do this because my property is in the prime area and rent is 500-1000$ surrounding property.

]]> By: writing2reality https://www.writeyourownreality.com/rental-real-estate/#comment-40972 Thu, 02 Oct 2014 01:31:15 +0000 http://www.writeyourownreality.com/?page_id=677#comment-40972 Seems like you are doing well given your portfolio of properties. I hope you are able to add a property or two to help boost your income and help accelerate your path towards financial independence.

]]> By: dividenddreamer https://www.writeyourownreality.com/rental-real-estate/#comment-40803 Wed, 01 Oct 2014 04:54:49 +0000 http://www.writeyourownreality.com/?page_id=677#comment-40803 You are right about the numbers being close. Is the property value more than the loan balance? If the property keeps going up in value and the neighborhood draws in higher paying buyers, the rent might follow. The rental numbers around here in New Orleans are about .90-1.00 per square foot for 1000-1500 sf. However, as the house increases in size, the rent seems to be harder to get. The sweet spot is around 1500sf. For about $1300-$1500. I happen to know a bunch of people who own tons of property and some have 2000 sf houses in great neighborhoods that do not bring more than the $1500. Also, the more bedrooms- the better. I have a small 4 bedroom that gets $200.00 more than the bigger 3 bedroom. I have a hard time raising rent because I would rather get the money than possibly get nothing of a bigger sum. So I can’t offer too much as far as rent hikes. I now ask for way more in the beginning because all the applicants around here want to bargain for the price. I have to be way high to begin with so I can get the numbers I want. Win some/lose some that way because the high numbers scare a ton away.

Good luck,

Robert the DividendDreamer

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