Natural gas is expected to see a 25% jump for the 2008/2009 winter months! YOUCH! Landlords, hang on for this ride! Or better yet, find a sucker and get out now.
It's a pick your poison type of market. What that mean? It means rents in Manitowoc Wisconsin WI have been lowered in many cases to attract tenants; while at best, rents have remained the same for several years running. Doesn't sound to bad so far. Until we start to pay the bills! Higher costs of maintenance, boilers to heat several units...I could go on forever and still forget some of the expenses.
You may be saying to yourself, same old boring news, higher costs of expenses no escalation in rents, BLAH BLAH BLAH.
BOTTOM LINE IS THIS........For Investment property owners alike, we need to figure out how to kindly pass on these operating expenses to the tenants without losing their rent. The fact is, unless you've really done your due diligence, and figured through the roof for Operating Expenses hang on.
To get a better grasp of how to purchase Investment Real Estate, I have only one comment for you.
CCIM (Certified Commercial Investment Member), so visit Http://www.CCIM.com
AND REGISTER FOR A CLASS. $2,000 WITH ALL EXPENSES FOR A 6 DAY COURSE IS FAR BETTER THAN LOSING THE FARM.
RJW, Robert J. Worthington Manitowoc Wisconsin WI