Comments on: My tenants are moving out. Things are about to get interesting again. http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php "Are you sure you can handle managing something like that?" Well, there's one sure way to find out... Sat, 28 Jan 2012 23:22:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: landlady http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php/comment-page-1#comment-28116 landlady Wed, 23 Apr 2008 01:52:07 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php#comment-28116 Bob -- that's a fine idea, but my place is already cheap cheap cheap. They aren't going to find the same amount of space for a cheaper price, they're looking to downsize. If it was over market rate, I might have considered lowering the rent to keep them; however, rents have risen since they've moved in, so a new tenant might be better for me in the long run. BTW, I've found that the best resource for researching rental rates is a simple stroll through craig's list. You can get a feel, pretty quickly, what the average 2 or 3 bedroom apartment in your neighborhood is going for, what a nicer (or bigger) unit goes for vs. a slummier one, etc. Bob — that’s a fine idea, but my place is already cheap cheap cheap. They aren’t going to find the same amount of space for a cheaper price, they’re looking to downsize. If it was over market rate, I might have considered lowering the rent to keep them; however, rents have risen since they’ve moved in, so a new tenant might be better for me in the long run.

BTW, I’ve found that the best resource for researching rental rates is a simple stroll through craig’s list. You can get a feel, pretty quickly, what the average 2 or 3 bedroom apartment in your neighborhood is going for, what a nicer (or bigger) unit goes for vs. a slummier one, etc.

]]> By: Matt http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php/comment-page-1#comment-27779 Matt Fri, 18 Apr 2008 02:05:10 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php#comment-27779 What resource(s) do you use to research rental rates and that type of information? I'm looking at buying my first property soon, but having trouble finding detailed/useful information on rents, demographics, etc... to figure out cash flow calculations... thx! What resource(s) do you use to research rental rates and that type of information? I’m looking at buying my first property soon, but having trouble finding detailed/useful information on rents, demographics, etc… to figure out cash flow calculations…

thx!

]]> By: Bob http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php/comment-page-1#comment-27730 Bob Thu, 17 Apr 2008 13:28:52 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php#comment-27730 If you do an analysis of area rents, and find your place is currently charging too much in rent for the market....perhaps you could offer to resign your current tenants at a lower rate, since they specified that's why they'd move out? Might be worth it to consider.... Cheers! If you do an analysis of area rents, and find your place is currently charging too much in rent for the market….perhaps you could offer to resign your current tenants at a lower rate, since they specified that’s why they’d move out? Might be worth it to consider….

Cheers!

]]> By: David http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php/comment-page-1#comment-26721 David Thu, 03 Apr 2008 08:08:50 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php#comment-26721 I had this same problem. I even paid a $75 inspection fee, only to be dropped a few months later. I found one credit report company who does not have this requirement. Email me and I will send it to you (don't want them to start doing this). I had this same problem. I even paid a $75 inspection fee, only to be dropped a few months later. I found one credit report company who does not have this requirement. Email me and I will send it to you (don’t want them to start doing this).

]]> By: EA http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php/comment-page-1#comment-26640 EA Wed, 02 Apr 2008 12:05:16 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/my-tenants-are-moving-out-things-are-about-to-get-interesting-again.php#comment-26640 The folks on the forum at MrLandlord.com are saying that some services only require a locked filing cabinet and a shredder. There is a credit reporting service through that site that does require an inspection ($59) and only allows you to check Experian, but you only need the locked files and shredder. Note: I haven't used it, so proceed with caution. The folks on the forum at MrLandlord.com are saying that some services only require a locked filing cabinet and a shredder. There is a credit reporting service through that site that does require an inspection ($59) and only allows you to check Experian, but you only need the locked files and shredder. Note: I haven’t used it, so proceed with caution.

]]>