Six Ten Real Estate

A team of Philly Natives bringing Wall Street expertise to residential real estate

[Six Ten Real Estate @Six_Ten_RE]

2.D. Why is that bad for a landlord? First of all your vacancy skyrockets when you over-list but the real killer is you get less qualified tenants. If there’s a comparable property down the street listed for less who gets the more qualified, rational tenant?

[Six Ten Real Estate @Six_Ten_RE]

2.C. When you ask a property manager where to list your investment property for rent what’s the logical answer for them? List it high. They have almost nothing to lose on a monthly management fee and everything to gain on finding a tenant willing to overpay vs. market

[Six Ten Real Estate @Six_Ten_RE]

2.A. Why is that a problem? If your property manager is at-best break even or potentially loss leading on monthly property management cash flows they have zero incentive to minimize vacancy, maximize tenant retention, and protect your reputation as a landlord.

[Six Ten Real Estate @Six_Ten_RE]

2. Property management companies have the highest margin on new leases. Standard comp is one month’s rent which is deserved because they incur significant costs - professional photos, multiple showings, tenant screening. rent negotiation, lease drafting, move-in coordination, etc

[Six Ten Real Estate @Six_Ten_RE]

Crossing a listing internally isn’t “exclusive.”
It’s showing your home to a tiny pool of buyers while the rest of the market waits.
Fewer eyes → fewer offers → lower final price.

[Six Ten Real Estate @Six_Ten_RE]

Here’s the uncomfortable truth:
Any brokerage strategy that prioritizes internal circulation before full market exposure isn’t “exclusive.”
It’s just shrinking the buyer pool so the data looks good for them, not for the seller.

[Kimberly..In Philly  @AGirlInPhilly]

@Jimmyking35 This restores my faith in humanity lol

[Six Ten Real Estate @Six_Ten_RE]

@Jimmyking35 That was us! Hope you all enjoyed the pies!

[Six Ten Real Estate @Six_Ten_RE]

Homebuilders continue to invest in build-to-rent solutions (homes built for the purpose of renting instead of selling). The decade of undersupply will continue to drive rents higher. If you’re a local builder we can help you think through a BTR strategy to stay competitive

[Lance Lambert @NewsLambert]

J.P. Morgan wants to be your landlord

J.P. Morgan Asset Management announced today they're teaming up with Georgia Capital and Paran Homes to establish a build-to-rent (BTR) company that will develop in the U.S. Southeast

[Six Ten Real Estate @Six_Ten_RE]

The housing shortage in the United States will continue to create more renters despite Millenial and Gen Z aspirations to own homes. Great way for Baby Boomers to grow and preserve wealth is to rent out their home when downsizing instead of selling

[The Wall Street Journal @WSJ]

Essay: For a century, progressives have been making it harder to build new homes in prosperous areas. Workers, immigrants and the economy pay the price https://t.co/gyzE8EcB4C