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For Landlords: Is this a good deal on a rental home (for the renter)?
2011 Mar 30, 1:23am 2,532 views 9 comments
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Katy Perry
@
2011 Mar 30, 4:28am
Katy Perry
@
2011 Mar 30, 4:28am
I just love areas of the country where it looks like a landlord can make a buck. And that's how it should be in a healthy market IMO.
here in Ca it's still touch and go in many places. That's why owners/ landlords think rents are too cheap. I'm waiting for the reset ( ha ha ha ha lol). 20percent drop from here. looks like it will take a decade or more.
CA Market in general (changing slowly)= Low rent compared to cost of home. so rents need to go up or prices need to come down. I know what side I'm betting on.
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Now, I know many of you may not be familiar with the rental home market in St. Paul, MN, or even in the Twin Cities for that matter, but I'm curious about what you all think about the asking rent for the house described below located in a reasonably safe neighborhood near downtown St. Paul. Owners on either side and across the alley have been in their homes for 35+ years. Also, the landlord knows them well and can speak to them if there are any issues that arise.
Features:
1550 sq ft
3 beds
1.5 baths
Three-season porch
Sun deck off 2nd level
Walk-in closets
Dry, finished basement with glass block windows
New windows
Boiler heat
Energy efficient appliances (including washer and dryer)
Updated bathrooms and kitchen
Fenced yard with garden, patio and raspberry bushes
One car garage with opener
All outlets an smoke detectors are hard-wired
New plumbing
Original hardwood floors
No pet rent or deposit and no breed restrictions (we would be brining a dog that is part Pit)
Owner lived in and loved the house for 5 years and moved out to combine households in a different location in the same city
Utilities are responsibility of the owner and run between $50-$120 per month for gas/electric and about $15/ month for water/trash.
Asking rent: $1200
Thanks, in advance, for the input!
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