“. . . When talking to people looking for stuff in Montrose, this is what I hear:
1) Nothing available
2) Over priced for what you get
3) By the time you try to take it, someone else already has
4) What you do get will have bad electric, bad roof, bad pipes, sketchy tenants, etc.
5) Was built in the 60′s most likely. Doesn’t have it’s cert of occupancy, no water pressure, low insulation, old windows, etc.
Then I like to joke that this is what I hear from people trying to BUY apartments in Montrose.
Point being, the challenges you face as a renter are the challenges you face as an investor. And the solutions are often the same: Network with owners, jump on something good if you see it, communicate with the property manager showing if you don’t like the place (this is big), look every day. . . .” [Cody, commenting on Comment of the Day: What’s the Thought Process?]