re: Rental property question

Rent is actually like $2200 or something close to that. Then subtract the 8%. And I end up with about $400.

The property management started with rent way higher when I first listed it out a year and a half ago. It wasn't getting any views.

Problem is, inner loop Houston has a ton of competition. They built so many new luxury apartments (which is what I'm competing with) that they were giving pretty big incentives (1st month free, etc.). And they really overbuilt town houses, etc. and then oil crashed.

We did raise rent 3 percent this year and that's pretty much the standard. Not sure it would rent at a higher price point.

What do you mean real property investment?

Prices in my neighborhood have been flat to slightly down the last few years. But the area is still booming. New bars, restaurants within walking distance. Right on the Heights bike trail. It's a great area for young people with money.