How to Determine Rent Rates

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How to Determine Rent Rates

Everyone should be able to have access to quality housing without having to pay an arm and a leg for it. This is a problem all across the country and it makes living very difficult for the average person. In Williamsport, we experienced this a number of years ago when the gas industry came to town. A lot of landlords raised their rents because they knew the gas guys would pay it.

When determining an asking price we take into consideration the neighborhood, the renovation done, and the type of person who would likely be moving in. I also like to put myself in their shoes and ask myself what I would pay for this apartment.

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Letting a Tenant Go

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Letting a Tenant Go

She rented from us for six years. She was a tenant I acquired at my first property. We had a rough start, but over the years she became one of our most reliable tenants and we had a mutual respect for each other. I liked her. Things were going well for a number of years, until they weren’t.

She was our first eviction, and it was rough. Things aren’t always black and white, and I had a tough time with the whole situation.

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Being a Landlord

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Being a Landlord

Being a landlord to me is more than just another income- you are providing someone a place to call home. It can be difficult trying to be fair and reasonable, yet run a business. Essentially though, owning and renting real estate is a business- so it should be treated as such. We have all seen slum lords who do the absolute minimum and collect their check every month. Or you have landlords at the opposite end of the spectrum that just get taken advantage of. So how do you land somewhere in the middle?

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Four Ways to Build Equity

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Four Ways to Build Equity

Building equity in properties has been key to our success. We buy cheap, build equity, and utilize that equity for the next project. It’s the same concept whether you are buying rentals or buying a home. So here’s a couple ideas to help you get the most out of your money.

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Purchasing your First Rental

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Purchasing your First Rental

Purchasing your first rental is often the most difficult one you’ll purchase. Everything is new and you don’t want to screw up. But as long as you learn from your mistakes and keep pushing forward you’ll be on the right track.

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Rebuilding Memorial Ave

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Rebuilding Memorial Ave

So you want to clean an area up, but how do you get started? There’s no quick fix, but if you’re in it for the long haul- your time spent will definitely be worth it.

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