“Our tenants pay their rent on-time and rarely call for repairs. We don’t want to increase the rent, they are nice tenants.”
HOW MUCH CAN THAT COST YOU?
CASE STUDY 2-11-15
Management contract June 2014 for 6-properties
Many of the tenants have resided 20+ years in these units. Great tenants…all take care of their units.
|PROPERTY ADDRESS||YEAR OF LAST RENT INCREASE||PREVIOUS RENT AMOUNT||RENT AFTER INCREASE||RETURN ON INVESTMENT|
|S 22ND STREET, SJ||1995||$1,500.00||$2,500.00||$1,000.00|
|JACKIE DRIVE, SJ||2003||$1,080.00||$1,500.00||$420.00|
|CALMOR DRIVE, SJ||2003||$1,140.00||$1,500.00||$360.00|
|TYHURST WALKWAY, SJ||2003||$1,100.00||$1,500.00||$400.00|
|TIERRA BUENA, SJ||2003||$1,027.00||$1,500.00||$473.00|
|N 6TH STREET, SJ||1995||$1,200.00||$2,400.00||$1,200.00|
|MONTHLY CASH FLOW INCREASE||$ 3,853.00|
|YEARLY CASH FLOW INCREASE||$46,236.00|
Even just one property priced $400 below market = $4800/year and before you know it, $9600 after 2 years.
If you would like to know the current market “rent” or “sale” value of your rental property, please feel free to email Excellence Property Management at firstname.lastname@example.org or via phone at (408) 499-5786.
Life is Good!
Mike Busch Broker
(408) 499-5786 Cell
#1 Rated on Angieslist.com