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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The Effect of Appreciation on Fort Collins, CO Real Estate Deals
November 19th, 2008I want to share with you some information about a property in Fort Collins located at 3000 Ross Dr Apt F26. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.
| Years From Now | Value |
| Assumed Appreciation Rate: 3.1% | |
| At Purchase | $90,006 |
| Year 1 | $92,796 |
| Year 2 | $95,673 |
| Year 3 | $98,639 |
| Year 4 | $101,697 |
| Year 5 | $104,849 |
| Year 6 | $108,100 |
| Year 7 | $111,451 |
| Year 8 | $114,906 |
| Year 9 | $118,468 |
As you can see from the table above, if we assume an appreciation rate of 3.1% per year, then the property value eventually reaches $118,468 after 10 years.
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Until my next post,
James
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