“We ended up renting over 10 storage units down the street to hold all the inventory.”
MP
Mark Pendergraft
Hyperfixed ·
“Our average rent bump on that property was over $500 a month. Cool. Per unit.”
Frank Patilano · Ironclad Underwriting Podcast · Why Does This Deal Actually Make Money? The Four Engines of Real Estate Investing
Play from 7:04
7:04
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
raised rents on units that were at 60% of market rent, achieving an average rent bump of over $500 per unit
$500 average rent increase per unit
Said nearby on the same subject
“They fail to, uh, when they raise the rent, they, they fail to get an increased bond amount because it's usually relative to the rent”
DF
Dean Frith
Geared for Growth Property Investing Podcast ·
“Often, if they rent and set aside the difference in costs, they can still do very well financially over time. There's less hassle to renting. There's more flexibility to renting.”
♫
Said on The Jerry Agar Show
“One thing we see often is rent backs… adding a condition where we can lease that property back at market rent to the vendor.”
MB
Mel Ballas Conveyed
Melbourne Property Podcast ·
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