We had a tenant lose employment recently, and could no longer pay the rent in her Manassas Park home. We managed to have them move out, and get another tenant moved in…with zero down time and zero lost income for the owner. This involved moving a tenant from another property we manage in to the vacated property, and locating a new tenant for the home where our existing tenant moved out. The entire process took us only two weeks!
Archive for July, 2014
Zero Down Time
Tuesday, July 8th, 2014$156,000 Profit
Tuesday, July 8th, 2014A couple of years ago, we helped one of our regular investors purchase a foreclosure investment property for $98,000, which we then managed for him and rented for four years at $1,400/month. The market improved this year to the point where we recommended selling the property. We sold the property for him in June of 2014 for $254,000. The profit from that sale will now be invested in the purchase of two more properties, raising his current property inventory to 10. It’s not hard to understand why this person is a “regular investor” of Metro 100 Realty!