Chandler Smith's First Duplex Tour: Real Estate Insights & Tenant Tips
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In this riveting episode, Chandler Smith takes us on a thrilling journey through his very first duplex, purchased a staggering seven years ago. As we delve into the heart of this property, Chandler unveils the highs and lows of his real estate venture, showcasing the unique approach of tenants managing lawn care and exterior upkeep. However, not all is perfect in this real estate paradise, as Chandler candidly points out the need for a fresh coat of paint to maintain the property's allure and value.
With a keen eye for detail, Chandler inspects the hardwood floors, kitchen, and upstairs area, reminiscing about past challenges with pesky flies that once plagued the property. Despite initial setbacks, Chandler reveals the impressive financial performance of the duplex, boasting a monthly income of $1400 with a prudent $24 set aside for expenses. The property shines as a beacon of success, cash flowing a remarkable $6048 annually, delivering a stellar 25% return on investment, much to Chandler's delight.
As Chandler meticulously inspects the property, he uncovers the need to check the ducts for cleanliness, ensuring the utmost comfort for his valued tenants. Reflecting on past tenant troubles, Chandler emphasizes the crucial role of selecting reliable and responsible tenants to avoid future headaches. Wrapping up the tour, Chandler showcases the backside of the property, expressing gratitude for the invaluable learning experience and the opportunity to engage with long-term tenants. Ever the mentor, Chandler invites viewers to explore the world of real estate investing through his course, offering an exclusive discount for aspiring investors to follow in his successful footsteps.
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Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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Tenant-landlord relationships and property management strategies
Investment portfolio building and market concerns
Property ownership experiences and market observations
Rental property income generation and management
Tenant screening and property rental strategies
Airbnb vs long-term rentals debate
Property financing and loan-related questions
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Personal anecdotes and experiences with landlords and property maintenance
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