Very true

Yeah I think that's what would happen

In general lease up deals are risky, many sites never reach the 80-90% occupancy they project

Stabilized it would trade at a 7.5-8.5 cap probably, depending on area

I think often it’s even 2-3 days at a time

This is also true

True sometimes, and if it is, not their fault 🥲

It’s a good idea we’re thinking about it

The modern world is complex and often designed to trick people

Our SOP is that we don’t reduce someone’s bill or take partial payments. But, people get paid certain days and forget to call and pay us. So we record each day each customer promises to pay, and remind them the day before, the day of so we can make sure they get it paid

This is a smart idea and one we’ve thought about

I think this is true to an extent and often shown in lottery winners

Very well said

You have to have a process you follow every time otherwise it’s all consuming

I think many are stressed by it but feel no hope of escaping it. It just feels like how life is for them

Depends on where the good deals are. All else held equal you would definitely want to be in a better area

Many dealing with eviction / getting kicked out may store all of most of their personal items there

Agree

Most of them don’t

We don’t take partial payments unless they sign an agreement to move out along with the partial. Now we track promise to pay dates for every tenant and follow up like crazy w/ an automated system