ilmscore | Borrowing Money for Your First Real Estate Deal & How to Raise Rents

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
It will be difficult to find tenants for rental properties during November, December, and January.
"I have always struggled to find tenants in either November December and January"
Rental Market
Pending
If Henry has a bad gut feeling about a tenant application, the tenancy will fail.
"nine times out of nine when I find myself in this situation where I don't have a good gut feeling about someone and about what's on their uh application nine out of nine times it ends up going south"
Real Estate Tenants
Pending
Lease renewals and finding new tenants will be easy during April through September.
"get your leases renewals in you know April through September you're going to be fine yep agreed"
Rental Market
Pending
Existing tenants, if offered rent lower than market rate (e.g., $700-$800 vs. $1000) will likely accept to avoid moving costs and time.
"if you can keep their rent lower than what it would be if they had to move cuz they don't want to move moving costs money moving costs time and then they're going to have to go pay a th000 bucks somewhere else so if they can stay not spend the money or the time and pay 800 or 700 they're probably going to be willing to do that"
Real Estate Tenants
Pending
Dave expects to achieve market rate rent for inherited tenants by year three or four of ownership.
"by years three or four like that's how I think about it like by years three or four like I have to get Market rent at a at a certain point but I'm willing to sort of stretch that out for a good T especially when who's been there for decades"
Real Estate Rentals
Pending
Fighting over small rent increases ($200) with good tenants will eventually lead to vacancies and loss of those tenants.
"don't just like fight over $200 that going to eventually lead to a vacancy and loss of a good ten it just doesn't make sense"
Real Estate Rentals
Pending