Loss
I wanted to find out whether the service side of this was where I fit, so last year I took on management for two out-of-state owners. Four houses total, average rent 1,450, so 5,8…
Discussion
Looking at a 3/2 in a subdivision built maybe eight years ago, about 90 houses, and the price and rent look like they'd work for me on a first rental. Then I pulled the CC&Rs off…
From the desk:
I left a warehouse job in March and I have 34k saved. Nothing near me trades under 400k, so every house I can actually buy is in two midwest metros I've never been to, where 3/2 h…
Win
Bought a 1,340 square foot 3/2 four years ago at 168k on 1.1 acres at the edge of a town that has since grown toward it. Rent then was 1,340, rent now is 1,595. Unlevered yield at…
From the desk:
Under contract inspection period on a 1958 ranch, 3/1, 1,180 square feet, on 0.92 acres in an older part of town where the newer stuff nearby is on quarter acre lots. Price is 205…
Discussion
I run small multifamily and every unit has taught me something, mostly about shared systems. Now I'm looking at a detached house for the first time and I want to know which of my…
Discussion
I've been holding land and I'm looking at putting some of it into an actual rented house, so I'm building the comparison from scratch and I don't trust my own conclusion yet. Deal…
From the desk:
This is the fourth house I've turned around and the first one where I'm hesitating, so I'd rather ask plainly than pretend I've got it figured out. Bought at 152,000. Put 53,000 i…
Discussion
I run management for a handful of scattered SFR owners and one of them just pushed back hard on my fee schedule. He wants 8 percent flat, no leasing fee, no renewal fee, no markup…
From the desk:
First single-family under contract after four years of duplexes, and I'm three days from the inspection deadline with a number I don't like. 3/2 brick ranch, 1,310 sq ft, 1972, de…