I tell all my investor clients to keep all their rentals in updated, like-new, condition. This is because your place looks better which attracts more applicants which allows you to choose a better tenant who will stay longer and pay you higher rent.
Unfortunately, I didn't follow my own advice and it's ended up costing me $9,000
Since buying my first investment property in Mt Pleasant at age 23, I've been a landlord in Charleston nearly 20 years now. I am very proud to say that I have never had a single day of vacancy in any of my properties. Really, not a single day and I've owned up to eight properties at one time, so I consider myself an expert in that side of the real estate world. These are tips I give to my clients who want to become landlords.
LIST WHEN IT’S COLD TO GET IT SOLD.
Sam Seller called me and asked me to come take a look at his IOP house and discuss possibly listing it for sale for him. He had a short window in which to sell it so listing it at the optimal time was critical.
This post is a look at how I analyze when is the best time to list a property
