This property was leased in July 2020 and had the same tenant in the
property for the last 40 months. As usual we Lifted/Increased the rent
$250 a month for the new tenant.
We updated this home for under
$6,000 after 3 years and it was leased in 2 days. We increased the rent
$3,000 a year. Let's look at this investors new approx numbers
Lease $1400 tax $214 Insurance $60 Pm $125 Net $1001 or $12,012 Yearly
This
property like other real estate we do creates great consistent income
and is much less money to create even more income after a tenant moves
out.
Your maintenance is also a lot less; multiple units require
more heaters, water heaters that will need replacing. With single
family homes which I personally purchase myself it creates a nice income
and I purchase in appreciating areas to create wealth through equity.
The maintenance is also far less.
You need both to accomplish your objective in creating retirement through real estate.
I can show you how..........Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me at the same number.
Everything
under one roof works for my investors.I partner up with Avalon Group
Realty to do all the property management Call Lori
440-695-3379
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Thank you