Comments on: More Apt. Info http://www.jonwaraas.com/more-apt-info/ Make Money At Home with Jon Waraas Fri, 10 Feb 2012 09:48:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kenric http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1880 Kenric Mon, 09 Apr 2007 06:54:41 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1880 I wouldn't say that $300 is dirt cheap and $350 is still cheap. If you can get $350 in that neighborhood multiplied by 5 tenants, that's a boost of $250/mo or $3,000 a year. It would greatly increase the value of the apartment building. What is the cap rate at asking? What is it in the hood? I wouldn’t say that $300 is dirt cheap and $350 is still cheap. If you can get $350 in that neighborhood multiplied by 5 tenants, that’s a boost of $250/mo or $3,000 a year. It would greatly increase the value of the apartment building. What is the cap rate at asking? What is it in the hood?

]]> By: Miami Realtor http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1554 Miami Realtor Thu, 15 Mar 2007 23:25:15 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1554 Much better idea to raise the rates over time instead of one big sum. Human nature. If you raise it in small amounts over a long period, people don't seem to mind. Yet, raise the same amount all at once, tenants start leaving! Much better idea to raise the rates over time instead of one big sum. Human nature. If you raise it in small amounts over a long period, people don’t seem to mind. Yet, raise the same amount all at once, tenants start leaving!

]]> By: JerkyBeef http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1469 JerkyBeef Mon, 05 Mar 2007 18:53:55 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1469 Yeah i wouldn't raise the rent righ away... maybe over a period of time. Like dan said, you have to respect long term renters, they are the ones that be your best friend in times of need (information on other tenants, helping out, ect.) Maybe save on the cost by trying to get some of them to do some of the work. Paint their own units for a credit or something. Give them a sense of ownership. Yeah i wouldn’t raise the rent righ away… maybe over a period of time. Like dan said, you have to respect long term renters, they are the ones that be your best friend in times of need (information on other tenants, helping out, ect.)

Maybe save on the cost by trying to get some of them to do some of the work. Paint their own units for a credit or something. Give them a sense of ownership.

]]> By: Wes Mahler http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1467 Wes Mahler Mon, 05 Mar 2007 14:09:39 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1467 yeah bro, nobody raises rent by $350 a month. maybe up to $350, but not by $350. They'd move out within 1 second yeah bro,

nobody raises rent by $350 a month.

maybe up to $350, but not by $350. They’d move out within 1 second

]]> By: Wes Mahler http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1466 Wes Mahler Mon, 05 Mar 2007 14:06:18 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1466 Jon Waraas, my buddy, you surpirse me sometimes in a good way of course. I was wondering why you weren't doing real estate already, you are on the right path. Keep it up jon, keep it up, and to make it interesting, lets see how many people you can help achieve succcess along the way. Jon Waraas,

my buddy, you surpirse me sometimes in a good way of course. I was wondering why you weren’t doing real estate already, you are on the right path.

Keep it up jon, keep it up, and to make it interesting, lets see how many people you can help achieve succcess along the way.

]]> By: Nick http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1465 Nick Sat, 03 Mar 2007 20:42:25 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1465 Giving the renters upgrades and justification for a slight increase won't cause an issue - it's when people start trying to raise rent and provide nothing extra and even worse maintenance when they gripe. -N Giving the renters upgrades and justification for a slight increase won’t cause an issue – it’s when people start trying to raise rent and provide nothing extra and even worse maintenance when they gripe.
-N

]]> By: dan http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1463 dan Fri, 02 Mar 2007 10:39:38 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1463 You really have to respect long term renters. Just make sure the upgrades match the rise in rent. If they are reasonable folk they should understand. If they're really good tennants you might want to take a bit of a hit now and secure them for a few more years. You really have to respect long term renters. Just make sure the upgrades match the rise in rent. If they are reasonable folk they should understand. If they’re really good tennants you might want to take a bit of a hit now and secure them for a few more years.

]]> By: Robert Norton http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1460 Robert Norton Fri, 02 Mar 2007 04:30:35 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1460 Jon - Sure thing, drop me a line at robert@sophmedia.com, we're currently in a beta stage with it prior to release, but I'd love to set you up with a working beta of it and see how it feels for you, and then hook you up with a production copy at a later date if you're interested. My buddy does it like the typical rental property owner, he's doubling the properties as a investment and tries to make a profit on his monthly recurring (obviously paying down the principle on his properties is profiting). He runs the company with three brothers (see his website in progress, http://www.wmurentals.com), has four homes, and I believe 12 total tenants and they started fairly recently (I believe a year ago). You're truly in a perfect spot for it. Housing is cheap, there's obviously people renting, and finding people to do the construction/renovation shouldn't be a problem. I'm in Phoenix, where property values are grossly inflated and you can't touch anything that has a rent potential for under $300k (even for a small, small house). Jon – Sure thing, drop me a line at robert@sophmedia.com, we’re currently in a beta stage with it prior to release, but I’d love to set you up with a working beta of it and see how it feels for you, and then hook you up with a production copy at a later date if you’re interested.

My buddy does it like the typical rental property owner, he’s doubling the properties as a investment and tries to make a profit on his monthly recurring (obviously paying down the principle on his properties is profiting). He runs the company with three brothers (see his website in progress, http://www.wmurentals.com), has four homes, and I believe 12 total tenants and they started fairly recently (I believe a year ago).

You’re truly in a perfect spot for it. Housing is cheap, there’s obviously people renting, and finding people to do the construction/renovation shouldn’t be a problem. I’m in Phoenix, where property values are grossly inflated and you can’t touch anything that has a rent potential for under $300k (even for a small, small house).

]]> By: Tam Denholm http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1459 Tam Denholm Fri, 02 Mar 2007 00:11:10 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1459 Obviously just buying the place and upping the rent (even the residents are underpaying) will cause an uproar. So doing improvments will not only give you an opportunity justify the rent increase the residents will most likely be happy to pay for it since they're getting something out of it. It will also increase property value and rentability aswell as bringing in more each month. Everyone wins. Obviously just buying the place and upping the rent (even the residents are underpaying) will cause an uproar. So doing improvments will not only give you an opportunity justify the rent increase the residents will most likely be happy to pay for it since they’re getting something out of it. It will also increase property value and rentability aswell as bringing in more each month.

Everyone wins.

]]> By: jonwaraas http://www.jonwaraas.com/more-apt-info/comment-page-1/#comment-1458 jonwaraas Thu, 01 Mar 2007 22:40:52 +0000 http://www.jonwaraas.com/more-apt-info/#comment-1458 Yeah. I will raise it after I do all the improvements, which will make the whole unit tons easy to look at. You have to remeber that 300$ a month for rent is dirt cheap, and 350$ is really really cheap also. Robert - maybe i could purchase a copy of that program from you guys? Does you buddie have the houses as an invetment or does he do that fulltime? Yeah. I will raise it after I do all the improvements, which will make the whole unit tons easy to look at. You have to remeber that 300$ a month for rent is dirt cheap, and 350$ is really really cheap also.

Robert – maybe i could purchase a copy of that program from you guys? Does you buddie have the houses as an invetment or does he do that fulltime?

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