With real estate as valuable as it is why would anyone sell off all their real estate holdings?
But if you try sometime, you just might find you’ll get what you need.[/quote]
To move to Utah I guess. I look at my real estate as my retirement pension.
oh funny story sdr. Remember that tenant that cancelled his lease because he went on vacation for 2 months and didn’t want to pay rent while he was on vacation? He called me yesterday and asked if my place was still available. I was like dude,.I rented it out less than 10 days after you moved out for almost $300/month more, and there were like close 40 applicants… And then he went on a mini rant that he can’t find a anything 1/1 less than $2k/month and that single rooms in houses were going for $1500/month…. I was kinda dying laughing inside and tempted to say I “told ya so, you idiot, I was trying to talk you out of it for your own good” and rub it in…but I just kept to “well good luck to you finding something
….”
I think if I were to bring each place to current market price for rent, I’d bring in about $10.8k/month , which a few years ago I would not have thought would be possible without purchasing 1+2 more rentals.. but I won’t be greedy and jack up rents unless..the next tenant that doesn’t want to pay for rent when he goes on vacation and moves out over it…lol
Interesting thing that also happened….One of my friends put a MM rental on the market…The rental turned into a bidding war. Where tenant prospects ended up paying above asking for rent. It ended up about $250/month than asking. I hadnt seen that except in the Bay Area rental market. Welcome to Bay Area housing dynamics.
