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Michael Bordenaro
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Comments by "" (@commonsense6967) on "Real Estate Investors TAPPING OUT (We've Had ENOUGH!)" video.
I did something similar. Back in the '80s I took the R.E. Salesman exam while living in Pensacola, and was licensed for a few years,though I never tried to sell real estate, just my own investments and personal residences. I've sold quite a few FSBOs, and I'd never consider allowing a rental agency to rent my (one) rental house out, as their commision is 10% of the rental amount, and they don't care who they rent it to, as long as it's breathing. But someday I may have to, I'm in my '70's now, and showing property myself is not as safe as it was decades ago.
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Your story illustrates perfectly why it's better to price your rental rates at the median fo comparables in the area, or even a bit below. Much easier to get renters, and even missing out on rent for a month or two while waiting for someone wiling to pay a higher amount hurts your annual ROI so much it isn't worth it! I'm picky about who I rent to, but don't ask any more than the median for rent. That way I keep renters for years and decades.😊
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