ilmscore | Cops Broke Into My Rental | Laundromat $ Collection

Cops Broke Into My Rental | Laundromat $ Collection

Published: 2022-04-28
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The speaker has concluded that a strategy of charging higher rents is more effective for attracting better tenants and ensuring company profitability, after attempting to provide affordable rentals for nine years without significant profit.
"I've tried for nine years to make affordable rentals and i i'm not good at it. My company has to remain profitable. We haven't been very profitable. ... the easiest way to get better tenants is charging more money."
Real Estate Investment Strategy
Pending
Based on the 1% rule (1% of gross rents), the speaker estimates a property value of $130,000.
"I'm guessing if we cash out refinanced it on a one percent rule which they seem to be doing on everything now we get one percent of gross rents so we should be at 130 000."
Property Value Estimation
Pending
The speaker plans to sell a property due to ongoing crime issues, anticipating a profit of $50,000 and elimination of the associated headache.
"rather than me trying to make this location bulletproof in terms of crime and preventing problems i'm flipping it i'm going to sell it i'm going to put 50 000 in my pocket and get and get rid of the headache."
Real Estate Flipping
Pending
The laundromat generated $1118 in revenue over a five-day period (implied by adding a three-day total with additional days).
"so here's the fives and with this it'll take our count from a three day total to take a five day total because this is another pretty short time period so on today's account from the laundromat we made 1118"
Laundromat Revenue
Pending
The laundromat's $1118 revenue figure includes vending machine income, with approximately one-third of that amount being reinvested.
"that does include vending machine money which of course about a third of that goes back in"
Laundromat Revenue with Vending
Pending