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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Indianapolis Price Per Bedroom Analysis on Indianapolis, IN Real Estate Deal
November 19th, 2008We just had a researcher submit some very basic information about a house for sale in Indianapolis 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 Indianapolis, Indiana Real Estate Resources is located at 1303 N Kealing Ave, Indianapolis, IN 46201.
Since this 2 bedroom, 1.50 bathroom property has an asking price of $25,600, 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 |
| $30,720 (120%) | $15,360/bedroom |
| $29,440 (115%) | $14,720/bedroom |
| $28,160 (110%) | $14,080/bedroom |
| $26,880 (105%) | $13,440/bedroom |
| $25,600 Full Price | $12,800/bedroom |
| $24,320 (95%) | $12,160/bedroom |
| $23,040 (90%) | $11,520/bedroom |
| $21,760 (85%) | $10,880/bedroom |
| $20,480 (80%) | $10,240/bedroom |
As you can see from the table above, if you know that rents in Indianapolis 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.
Do you want to get a bigger paycheck when you buy your next rental property in Indianapolis? If yes, you might be interested in the strategies shared on Jassen's CD Get Paid To Buy Houses - Collect Cash at Closing.
Until next time,
James
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