Property Management Blog

Case Study 2-11-2015

System - Monday, January 5, 2015
MOST COMMON HEARD RESPONSE FROM PROPERTY OWNERS:

“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 mike@negexcel.com or via phone at (408) 499-5786.

Life is Good!

Mike Busch Broker
(408) 499-5786 Cell
mike@negexcel.com
#1 Rated on Angieslist.com


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Excellence Property Management
1174 Lincoln Avenue #9
San Jose, CA 95125

Email: mike@negexcel.com
Phone: (408) 499-5786 Fax: (408) 521-9380

CALBRE: 01412111


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