Archives for: November 2008, 19
Getting Your Houses Rented - Effective Marketing for Your Rentals
November 19th, 2008If it's time to fill a vacancy for one of your rentals, you will want to get the maximum marketing exposure possible. Chances are, that if you are reading this article online, you already understand the value of the internet. Three lines of description in your local print newspaper is no longer enough to get the phone ringing with enough interested renters in most markets.
With the widespread availability of the internet and the ease of accessing information on it, most of your potential tenants expect much more than a brief description of the raw data of their future dwelling – i.e. beds, baths, square footage and rent. Instead of spending all day on the weekend driving around looking at potential rental units, most of your tenant pool will prefer to browse through full color photographs of available rentals from the comfort of their favorite computer station. Many internet sites even offer virtual tours of available units, so to be competitive in our current marketplace, you need to make sure that you have the marketing out to reach all of these internet-surfing apartment hunters.
In addition to posting ads with full color photographs on popular sites like Craigslist,
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Baltimore Discounted Property: $34,833 Per Bedroom
November 19th, 2008Here's another Baltimore property that was submitted by a user that we will use as a teaching tool for our Baltimore, Maryland Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 5100 Walther Ave, Baltimore, MD 21214.
Since this 3 bedroom, 2.00 bathroom property has an asking price of $104,500, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $125,400 (120%) | $41,800/bedroom |
| $120,175 (115%) | $40,058/bedroom |
| $114,950 (110%) | $38,317/bedroom |
| $109,725 (105%) | $36,575/bedroom |
| $104,500 Full Price | $34,833/bedroom |
| $99,275 (95%) | $33,092/bedroom |
| $94,050 (90%) | $31,350/bedroom |
| $88,825 (85%) | $29,608/bedroom |
| $83,600 (80%) | $27,867/bedroom |
As you can see from the table above, if you know that rents in Baltimore can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
How much extra income would it take to let you pursue real estate full time? If you could drastically increase the cash flow you generate from each deal by improving your negotiating skills, wouldn't you want to take a closer look? Why not get the straight scoop on how to negotiate your way to sweeter cash flow with Jassen's CD: Cash Negotiating: Generating Cash Flow Through Creative Methods.
Until next time,
James
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Gwynn Oak Deal: $49,667 Per Bedroom
November 19th, 2008We just had a researcher submit some very basic information about a house for sale in Gwynn Oak to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Baltimore, Maryland Real Estate Resources is located at 935 Saint Agnes Ln, Gwynn Oak, MD 21207.
Since this 3 bedroom, 1.00 bathroom property has an asking price of $149,000, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $178,800 (120%) | $59,600/bedroom |
| $171,350 (115%) | $57,117/bedroom |
| $163,900 (110%) | $54,633/bedroom |
| $156,450 (105%) | $52,150/bedroom |
| $149,000 Full Price | $49,667/bedroom |
| $141,550 (95%) | $47,183/bedroom |
| $134,100 (90%) | $44,700/bedroom |
| $126,650 (85%) | $42,217/bedroom |
| $119,200 (80%) | $39,733/bedroom |
As you can see from the table above, if you know that rents in Gwynn Oak can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
If you are considering wholesaling real estate, then you may also be interested in Jassen's CD: Wholesaling Volume 5: Finding Buyers. You may be great at finding good deals in Baltimore, but, you need to have the final link in your wholesaling chain in place: buyers who are ready and eager to take your great deals off of your hands and put money in your pocket!
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!