question for landlords

[Anonymous]

My mother has been a landlord for about 30 years. If the renter has been there less than 3 years, the turn-around is often quick. Fixes and repairs can be done quickly. Often with materials from places like Home Depot. When the renter has been there longer, sometimes fixes happen quickly and sometimes they don't. If there are repairs that need equipment or supplies to be ordered, they wlll do the walk-through, note the things that need to be fixed and get the orders going. They often don't start work until all of the equipment and supplies are in for the work.

My mother's team (she owns 6 rental units and she manages about 30 others) try to minimize the number of times they visit a property because they don't want to spend the time on driving back and forth to places and they have plenty of work. So, orders go in right after the walk-through, when everything shows up, they spend 1-3 days doing all the work and then the house goes back on the rental listings. She typically has new renters within 1-4 weeks of when it goes back on listings.

[Anonymous]

The rental market is also pretty slow right now. Unless they are priced at least 10% below where they were before it could take time to get a tenant.

This could not be more wrong. Evidence includes experience renting out three different homes over the past year - lines out the door - as well as multiple threads on here from frustrated prospective renters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wow, you must be an extrovert of epic proportions! Who else would WANT to share a wall? Who would WANT the hassle of having to deal with neighbors and their weird cooking smells, their noise, their activity, etc.

Once we let a property sit vacant for 2.5 months because a relative was going to graduate from school and then move in. Another time we kept getting people who wanted to rent that we didn't like (way too many cat owners) so we just kept rejecting them until we found good tenants. We own the properties we have outright so there's no stressing about a mortgage or anything.

LOL! Op here. I’ve lived in a lot of townhomes over the years but our current one (a “luxury” Th) you don’t hear a sound from the neighbors it’s pretty amazing. We’ve never smelled their food don’t hear their TV don’t hear a sound. I actually raised it with other neighbors ask if they were homes were as quiet as ours and they all said they were The townhouse was built about 30 years ago I suspect that’s one reason - The newer builds I’ve lived in have been super loud!

Are you on speed? Why the run-on sentences?

Oh come on. Most of us are likely typing on our phone--typos (there is an obvious missing period in the middle of the long sentence at the end I suspect got your attention) and poor phrasing happens.

I wouldn't care too much, but I also lived next to a vacant townhome for a few months that wasn't listed for rent or sale. It did raise my curiosity, wondering what was going on.

[Anonymous]

Anonymous wrote:

The rental market is also pretty slow right now. Unless they are priced at least 10% below where they were before it could take time to get a tenant.

This could not be more wrong. Evidence includes experience renting out three different homes over the past year - lines out the door - as well as multiple threads on here from frustrated prospective renters.

Depends on location. My homes in the burbs had a ton of fast applicants. My units close in that appeal more to younger tenants who want to go out all the time, etc both sat for 2 months each this winter/spring