This browser doesn't support Spotify Web Player. Switch browsers or download Spotify for your desktop.

250: How To Raise Rents And Retain Your Tenants, Dayton

By Keith Weinhold

Tenant retention begins before move-in:  Use a move-in checklist with the tenant. Move-in gift and packet. Communication.   Ongoing tenant retention during occupancy: Inspections every six months. Be attentive with service calls.   How to achieve a rent increase: 45 days’ notice. Use phone. Substantive reason: increase in property tax or maintenance costs.  Remind tenant of moving costs. Offer an upgrade - carpet cleaning, ceiling fan, etc. 2 - 5% annual increase typical.   We discuss why not every tenant is worth retaining.  Dayton, OH has 1% rent-to-price ratios and an MSA population of 800,000. Also: Proximous to Cincinnati and Columbus.  Health care. Military. Manufacturing. 3 Amazon fulfillment centers within 45 minutes.   Learn more about the Dayton turnkey provider here.  In-house property management. Use luxury vinyl plank, white kitchen cabinets, newer HVAC & water heaters. 1-year and 3-year warranties. 97% occupancy rate. Leases up to 18 months. 3/1 SFHs: Rents $750 - $1,300 | Purchase prices $75K - $120K. Detached garage. 800 - 2,000 sf. Usable basement is additional sf. Property tax 1.8 - 2.1% annually as a percent of property value. Rent promise: Provider starts paying rent to you if your property is vacant 30+ days. __________________  Want more wealth? 1) Grab my FREE E-book and Newsletter at: 2) Your actionable turnkey real estate investing opportunity: 3) Read my best-selling paperback: __________________ Resources mentioned: Dayton Turnkey Property: Mortgage Loans: Turnkey Real Estate: QRP: JWB New Construction Turnkey: Our Tampa Real Estate Field Trip: Best Financial Education: Find Properties: Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Listen to 250: How To Raise Rents And Retain Your Tenants, Dayton now.

Listen to 250: How To Raise Rents And Retain Your Tenants, Dayton in full in the Spotify app