ilmscore | Why I had to QUIT being a LANDLORD

Why I had to QUIT being a LANDLORD

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
Rental prices are expected to increase by $250 per month for the mentioned building after renovations.
"my rental prices are increasing drastically we're going to get an extra 250 a month on this building here after these renovations"
Rental Prices
Pending
The rising price of real estate will lead to significantly less affordable housing.
"a lot of people are excited about the price of real estate going up but it's also going to make housing significantly less affordable"
Real Estate Market
Pending
The cost of a 3/4 inch plywood sheet has increased from $30-$35 to $75.
"a three-quarter inch plywood sheet used to run 30 35 bucks it's now 75"
Material Costs
Pending
The cost for floor parts has doubled from $1,500 to $3,000.
"we're gonna have to put in what used to be a fifteen hundred dollars worth of um parts floor is now three thousand dollars"
Floor Replacement Costs
Pending
Increased rent is expected as a result of government stimulus money.
"all that stemmy money that's been you know thrown thrown out to people which you know that is what it is it's coming back in increased rent"
Rent Increase
Pending
Landlords will increase rent to avoid going out of business due to rising costs.
"and all this stuff is going to come out an increased rent guys yay increased rent uh because a lot of landlords won't go broke"
Rent Increase
Pending
A property purchased for $45,000 with $10,000-$15,000 in renovations is projected to increase rent from $500 to $650 per month.
"this is property number three for today's follow along with brandon video i don't have to manage these anymore thankfully but i'm doing just quick walk-through inspections of the status of these houses but the story is with this when we bought it for 45 000 i've spent maybe ten thousand fifteen thousand renovations total as of this point started its life off at 500 bucks a month now it's probably going to be a 650 one"
Rental Income
Pending
Renting a house for $400/month would lead to poor tenant quality and damage, whereas renting for $600-$650/month is expected to attract better tenants.
"i know for some of you that's not surprising but it's like this house i would love to rent it for 400 a month the tenant quality at 400 a month is going to destroy this if i go to the six to 650 range immediately just because the pricing the tent's going to be better"
Tenant Quality
Pending
A 4-bedroom, 2-bathroom property is rented for $650 per month.
"we got these done in like two weeks i want to say now that i'm on the third contractor a lot of your contractors are people of the rock and you can't always drug test your your construction crew so we have scaled our contractor i'm pretty happy about this four bed two bath for 650 a month"
Rental Income
Pending