Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

250: How To Raise Rents And Retain Your Tenants, Dayton

250: How To Raise Rents And Retain Your Tenants, Dayton

FromGet Rich Education


250: How To Raise Rents And Retain Your Tenants, Dayton

FromGet Rich Education

ratings:
Length:
46 minutes
Released:
Jul 22, 2019
Format:
Podcast episode

Description

Tenant retention begins before move-in:  Use a move-in checklist with the tenant. Move-in gift and packet. Communication.   Ongoing tenant retention during occupancy: Inspections every six months. Be attentive with service calls.   How to achieve a rent increase: 45 days’ notice. Use phone. Substantive reason: increase in property tax or maintenance costs.  Remind tenant of moving costs. Offer an upgrade - carpet cleaning, ceiling fan, etc. 2 - 5% annual increase typical.   We discuss why not every tenant is worth retaining.  Dayton, OH has 1% rent-to-price ratios and an MSA population of 800,000. Also: Proximous to Cincinnati and Columbus.  Health care. Military. Manufacturing. 3 Amazon fulfillment centers within 45 minutes.   Learn more about the Dayton turnkey provider here.  In-house property management. Use luxury vinyl plank, white kitchen cabinets, newer HVAC & water heaters. 1-year and 3-year warranties. 97% occupancy rate. Leases up to 18 months. 3/1 SFHs: Rents $750 - $1,300 | Purchase prices $75K - $120K. Detached garage. 800 - 2,000 sf. Usable basement is additional sf. Property tax 1.8 - 2.1% annually as a percent of property value. Rent promise: Provider starts paying rent to you if your property is vacant 30+ days. __________________  Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Dayton Turnkey Property: GetRichEducation.com/Dayton Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Our Tampa Real Estate Field Trip: RealEstateFieldTrip.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
Released:
Jul 22, 2019
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.