Did you know that 37% of the United States rents their home or the equivalent of nearly 44 million households and over 111 million tenants? You can have your share of that demand if you so choose. But real estate agents usually want their cut too. Realtors will take a full month’s rent in commission between the renting agent and the owner’s agent (The property owner pays this, nothing comes out of the tenant’s pocket, depending on the state you own your rentals). In our case, one of our units had been vacant for 3 months before we got it rented again. To lose another month of income on top of that would have been devastating! I am here to tell you that you can avoid losing valuable rent, but you do have to put in the time to make it happen. There are a few tricks to getting this all done if take the correct steps. This post should guide you in the right direction.
The multi-family market has been a surprising subset of the general real estate market in Lower Fairfield County. At Blast REI, we have been seeking homeowners who don't have the patience to continue up-keep of the property and landlord duties for these properties. The reasons are simple: we (this market) need inventory, and would pay cash for these types of properties. On a more broad scale, we have a set of buyers seeking this type of inventory as quickly as possible. Let's delve into the major multi-family markets in this area, specifically Norwalk, Fairfield, and Stamford:
Chris and Joe have years of knowledge, stories, and experience to share with you. This is where you can access their minds, to learn about what they do and how homeowners can be more effective when in tough situations.