Archive for the ‘Real Estate’ Category

SLC tenant update

Thursday, June 12th, 2008

Well it has been 1.5 months without a tenant in one of my SLC townhomes.  We've had a decent number of showings but no applications.  This leads me to believe that I am priced a little too high.  We've increased the rent $200 from $995 to $1195.  My other identical ...

HOAs and parking on the streets

Tuesday, May 20th, 2008

I got a letter today from the HOA stating that my tenants had a car parked in the street overnight.  For those who don't live in HOA communities, most new communities do not allow parking on the street at night.  All cars must be kept in the garage or driveway. Anyway, ...

How far has some REI fallen…

Friday, April 11th, 2008

From time to time I check on the real estate pricing of homes that I used to own.  Sometimes its just hard to believe where the prices are these days.  When I pull up some of the prices I am amazed at where they are today. Certain subdivisions I have very ...

Vacation Rentals (part 2)

Tuesday, March 18th, 2008

Vegas Condo Hotels I heard this on the Ray Lucia show last week.  I was suprised to hear that he said that he had purchased condo hotel investments in Vegas.  He said that he bought the best unit he could.  He bought a higher end condo on the highest floor possible and one of ...

Vacation Rentals (part 1)

Monday, March 17th, 2008

I have looked into vacation rentals for a long time now.  I have never pulled the trigger on one because the numbers have never made sense.  During my research I've found a few interesting things that I'd like to mention here. Many rental sites use classifications to rank their rentals.  As ...

Found a new tenant for Condo#1

Tuesday, March 11th, 2008

Three weeks ago I experimented with setting a new rental rate for my Condo #1.  I talked about pushing the rent limits in the building and advertised my rent at $1995/mo when the last rental rate was $1750/mo. The first week I had the condo listed for $1995/mo on craigslist.  I ...

Tenant updates

Tuesday, March 4th, 2008

When you have a bunch of rentals you will always have tenant turnovers during the year.  Hopefully, you won't ever have an empty but if you do, you hope that they don't all occur in the same month. Condo #1 My tenant for this condo is leaving in mid-June.  I've started advertising ...