 1 bedroom or 2? (by Dee Ann [WI]) Nov 23, 2021 3:41 PM
 1 bedroom or 2? (by Dee Ann [WI]) Nov 23, 2021 3:45 PM
1 bedroom or 2? (by Dave [MO]) Nov 23, 2021 3:52 PM
1 bedroom or 2? (by WMH [NC]) Nov 23, 2021 4:23 PM
1 bedroom or 2? (by Dee Ann [WI]) Nov 23, 2021 4:31 PM
1 bedroom or 2? (by Ray-N-Pa [PA]) Nov 26, 2021 11:12 AM
1 bedroom or 2? (by Dee Ann [WI]) Posted on: Nov 23, 2021 3:41 PM
Message:
Recently received the Mr. LL Newsletter which I always look forward to.
It addressed marketing a 3 bedroom as a 2 + hobby room or office or family room. I like the idea and have marketed that way in the past. This year, I marketed all my two bedrooms as 1 bedrooms and raised the prices as my Milwaukee market many just want to live alone, some still working from home, and they can afford to live alone. When I show the place I leave one bedroom door shut and gauge the remarks and reactions thus far during the showing. Whether they are on the edge of interest or very interested, I say, oh and one more thing...a bonus room. I got great reactions and leases with the two I marketed this way.
Have another higher end place up for rent in the suburbs. Am on the edge of marketing the same way. When I have 1 person in a unit, there's no one else to blame when something is left dirty, neglected or broken. Currently having one person in each of our units is working well.
Downsides I'm not thinking of?
--75.11.xx.xx |
1 bedroom or 2? (by Dee Ann [WI]) Posted on: Nov 23, 2021 3:45 PM
Message:
Must add...I don't mention the second room in the ad at all. I do mention that it is a spacious unit that allows one to work from home if doing so.
In the past when I've mentioned a home office, someone wants to use it for a bedroom, which I'm trying to steer away from. If it is used as a guest room occasionally once I sign a lease, I don't care. But the roommate thing is beginning to turn me off. --75.11.xx.xx |
1 bedroom or 2? (by Dave [MO]) Posted on: Nov 23, 2021 3:52 PM
Message:
Are you getting more rent marketing this way, as a one bedroom but really a two bedroom?
or are you getting less rent ? Advertising a one bedroom and then showing a hobby room the tenant gets as a bonus?
I would be inclined to increase the deposit a couple hundred to offset the "dirty, neglected or broken"
Here a two bedroom will rent for $200 to $250 more than a one bedroom. --173.47.xxx.xxx |
1 bedroom or 2? (by WMH [NC]) Posted on: Nov 23, 2021 4:23 PM
Message:
We ALWAYS remove a bedroom, if only in name if not in fact. But often in fact too if it works.
Have some tiny cottages without a laundry room. Turned the second bedroom in each into a "Utility Room" with plenty of room left over for a desk and/or a guest bed. The laundry was much more important to our target market than an actual bedroom.
Removed a closet from a tiny bedroom that had a Jack & Jill bathroom between two bedrooms. Tenants have used the "non-bedroom" for a variety of uses: office, giant closet/dressing room by adding clothes racks, etc.
Removed a wall between two small bedrooms in a 3-bed, creating a big primary bedroom and turned the previous master bedroom into a good-sized second bedroom.
Etc. --50.82.xxx.xxx |
1 bedroom or 2? (by Dee Ann [WI]) Posted on: Nov 23, 2021 4:31 PM
Message:
Hi Dave, I'mraising the rent to more rent than a one bedroom typically goes for to just under what a two bedroom would go for. I'm not necessarily looking for the most $ I can get, but a better quality tenant and less drama, less people leaving due to roommate disputes. One of my prequalification questions will be, "do you work from home full or part time?" I'm trying to appeal to a specific audience, which is what I have in all my other places... --75.11.xx.xx |
1 bedroom or 2? (by Ray-N-Pa [PA]) Posted on: Nov 26, 2021 11:12 AM
Message:
That is a great great point that might not get much attention
How much does drama cost a LL? --24.101.xxx.xxx |
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