ok this is nuts (by bet [MA]) Jun 11, 2018 11:26 AM|
ok this is nuts (by TenantWhisperer [MA]) Jun 11, 2018 11:34 AM
ok this is nuts (by Landlord ofthe Flies [TX]) Jun 11, 2018 1:35 PM
ok this is nuts (by S i d [MO]) Jun 11, 2018 2:08 PM
ok this is nuts (by Steve [MA]) Jun 11, 2018 2:10 PM
ok this is nuts (by plenty [MO]) Jun 11, 2018 2:58 PM
ok this is nuts (by TenantWhisperer [MA]) Jun 11, 2018 3:07 PM
ok this is nuts (by myob [GA]) Jun 12, 2018 4:14 AM
ok this is nuts (by Robin [FL]) Jun 12, 2018 7:48 AM
ok this is nuts (by bet [MA]) Jun 12, 2018 7:56 AM
ok this is nuts (by Jane B. [MA]) Jun 12, 2018 7:51 PM
ok this is nuts (by Lana [IN]) Jun 13, 2018 12:13 PM
ok this is nuts (by bet [MA]) Posted on: Jun 11, 2018 11:26 AM
Rents are thru the roof. I cant answer any more calls or emails. I had to increase the rental rates so they would stop calling. 2 yrs ago a 3 bedroom apt was maybe $900, now tons of people are trying to rent it for $1200. What the heck happened. Local constable says good luck getting people out, they have nowhere to go now. There are no apt and no way to pay for current ones. I increased the housing inventory by 40% just by putting my upcoming and current vacant apts on the market. --74.104.xxx.xxx
ok this is nuts (by TenantWhisperer [MA]) Posted on: Jun 11, 2018 11:34 AM
A year ago my 3 br units would struggle to get $900, now at $1250 I've got 3 pages of singles spaced phone responses.
S8, which isn't very nimble at pricing to meet the current market, is sucking wind in this market.
ok this is nuts (by Landlord ofthe Flies [TX]) Posted on: Jun 11, 2018 1:35 PM
Looks like someone is Making America Great Again!!!! --108.69.xxx.xxx
ok this is nuts (by S i d [MO]) Posted on: Jun 11, 2018 2:08 PM
We haven't come up quite as much being in flyover country, but my little cheapies that could barely get $425 a few years ago now go for $550 - $600. The market is STRONG! Great time to be a LL.
Starter homes are getting significantly more expensive as regulation. Many builders are focusing on the "mover uppers" who are buying their 2nd+ home and willing to pay significantly more for the upgrades. --173.19.x.xxx
ok this is nuts (by Steve [MA]) Posted on: Jun 11, 2018 2:10 PM
Bet, I have a waiting list for semi decent applicants wanting 2/3 bedrooms without parking in 3-6 unit buildings who are happy to be even considered at $1,550 - $1,800 plus utilities. Of course my insurance, W&S and RE taxes have also gone up. At times like this I wish I could justify buying more units but at $150-$225,000.00 per unit for fixer uppers, I'll wait until the market makes a downward adjustment. --72.93.xxx.xxx
ok this is nuts (by plenty [MO]) Posted on: Jun 11, 2018 2:58 PM
same here. I cant keep a good running list of inquiries. The request come in from text, email, two different phones, email and section8 has their on communication email! I'm so lost. And people don't leave a name, call from different phone numbers, email and text without reference sometimes inquiring about several of my listing! I have paper and pen at all phones and a list of emails! It's driving me bronkers! I dud what you did raises all the rents. Now i have new inquiries. Feel like I'm starting over. And the applications are littered with lies. To which they don't seem to think that's a problem! Lost in ledgers of calls and appointments! --99.203.xx.xxx
ok this is nuts (by TenantWhisperer [MA]) Posted on: Jun 11, 2018 3:07 PM
For about 8 years our costs have gone up with no increase in rents (a pretty low income area). Now all of a sudden...
For the last few years, I've seen the cascade effect = rents increase in Boston, then 6 months later 20 miles south in Quincy, then 6 months 20 miles further south in Brockton, and now finally in Fall River.
Fall River has always been quick to feel the negative affects of any recession and just about the last to recover from it. We are now in full recovery = the sudden lurch in rents. Hallelujah.
Now since cash-flow is so so much better, I await the increase in multi-family prices. Almost time to cash out.
ok this is nuts (by myob [GA]) Posted on: Jun 12, 2018 4:14 AM
One reason rents are way up. We can thank the older couple who evicted that deadbeat son. Maybe others have seen what they did and gave the heho to there leechs toooo.
We're having a hard time spending it as fast as where making it-- but we're trying. Making America great again!!! Through excessive spending. yup! --99.103.xxx.xxx
ok this is nuts (by Robin [FL]) Posted on: Jun 12, 2018 7:48 AM
Thank you for this thread! It makes me realize that skyrocketing rents is not just happening in Orlando.
The area where my (one and only) rental property is located is probably a C class neighborhood. I keep an eye on what other houses are renting for (thru Zillow or signs posted in front of the houses). Small 2 or 3 BR houses are going for anywhere from $1100 to $1700 per month for the newer houses that have a garage. It's crazy!
I have long term tenants in my property and their rent is at least $200 under the average. --108.188.xxx.xxx
ok this is nuts (by bet [MA]) Posted on: Jun 12, 2018 7:56 AM
I am checking with tenants, as it is lease renewal time, are you staying or going, this is the rent. After they decide that dont want to pay the rent increase they say they are leaving. Good luck finding another apt. Realtors are calling me from out of town trying to find their clients apartments. Even the tenants we would like stay you have to go up $25 to $50 otherwise next year the apartment will be way too low on the markets rent. --74.104.xxx.xxx
ok this is nuts (by Jane B. [MA]) Posted on: Jun 12, 2018 7:51 PM
Hospitals have a hard time hiring doctors in Mass. because housing prices are so expensive.
Young friends of mine, double doctors, just bought a 1500 sq foot "split entry" or "raised ranch" (cheap construction) house for $1,000,000. In Michigan it would cost $200K.
ok this is nuts (by Lana [IN]) Posted on: Jun 13, 2018 12:13 PM
Same here. Every time I get a unit back I am raising rents more than I feel I should, but matching the market. I wish my husband were alive to hear what rents are now. --216.23.xxx.xx