A friend of mine is looking for an apartment in Tulsa, preferably near the river. Any advice on good property management companies/apartment complexes that are reasonably priced? Or, any knowledge of good rental property owned by an individual? She needs a decent sized one or two bedroom, without too many stairs to climb.
Sundance Apartments are reasonably priced. Great location. I still wish I could live that close to riverparks!
Sundance Apartments
3100 S. Riverside Dr.
Tulsa, OK 74105
(866) 441-6719
Good Luck!
A friend just moved into Westport. After looking at several other apartments and houses, she found them to have a nice staff, etc., workout room, and it was reasonable. She can also sit out on her patio and overlook the river and downtown Tulsa or just step down and take a walk on the path.
Did someone just recommend a Case & Associates complex? That's funny.
Try craigslist.
quote:
Originally posted by NellieBly
A friend just moved into Westport. After looking at several other apartments and houses, she found them to have a nice staff, etc., workout room, and it was reasonable. She can also sit out on her patio and overlook the river and downtown Tulsa or just step down and take a walk on the path.
And live right next to an oil refinery and overpay on rent.
She likes it. So what?
Maple Ridge -- one of the most expensive neighborhoods in town -- is right by the refinery. It's hard to live anywhere by the river and not be around the refinery, injection well, water treatment plant, etc.
quote:
Originally posted by NellieBly
Maple Ridge -- one of the most expensive neighborhoods in town -- is right by the refinery. It's hard to live anywhere by the river and not be around the refinery, injection well, water treatment plant, etc.
Try again, Maple Ridge is on the other side of the river. Westport is way over priced for the market as well.
Best place to look are small, older apartments on Cherry Street.
I've heard good things about Sundance Apartments. A couple of my friends have lived there for going on 4 year now with no complaints.
Westport seems nice also... but the refineries can be an issue some days and services were lacking from the people I know that lived there. None stayed more than 1 year and most looked to get out before then.
But if he/she rents there - can I crash during Oktoberfest?
Most 1 Bed Rooms I know of in Mid Town run around $200 all bills paid except Phone/Cable/Electric. Some are much higher so be careful of what you pay, most times you are getting ripped off big time.
Many of the property owners today are experiencing high vacancies and even higher turnover. Negotiate with authority, many are looking for long term tenents and will make some great deals if you are willing to pay a few months in advance.
Drive around and look for a place you like, then talk to the neighbors about the property. Spring time is the best, as most neighbors are outside working on their lawns or talking walks in the early evening. Great time to stop and chat. The neighbors know more about the property and neighborhood than the owners normally. Noise, issues with late niters etc.
Use all that to your advantage in negotiating the pricing. May not work with the fancy smancy property management places that require contracts and other nonsense, but who would want to live under distress like a six page fine print contract written by attornies and all that legal smeagle stuff anyway.
Most people I know in Mid Town that rent apartments and small lofts and offices have done it on a handshake. As I pointed out, from my experience and from associates I know that own a large number of Apartment Buildings and rental private property, the market is very shakey when it come to long term and stable tenents in Tulsa. I would never pay what they are asking.
One word of advice "Buy"...........
There is a nice pad in the Sophian on the market right now.. It has an Elevator....
I guess it depends on her income but all considered "Buy" do not "Rent"..!
I moved to Westport about a year ago. I love it. I've got a great view of downtown and the river, the price is actually very comparable to the other apartments I looked at, and I am close to the highway.
I'm not sure where you got the $200 figure from, I've never heard anyone paying that low nor seen such a rate. All of my friends that had one bedrooms started around $350 for fairly crap donkey apartments.
I guess those were "fancy" apartments that "require[d] contracts" and stuff.
Then again, I've never been in a place in my life that didnt require a contract. Either a dorm, an apartment, a rent house, a trailer, or owning a house. They are all under contract, lease, lot agreement or mortgage.
There are one bedroom apartments down the street from my starting at $250. They were built as temporary military housing for returning soldiers in the late 40's and were meant to be torn down in the 1950's. Its more like a motel than an apartment, but for $250 a month and no contract I dont think anyone expects much more.
Am I in the dark about finding super cheap apartments that require no leases? Where are these places and what landlord would lease without a contract!
It's a few blocks from the river, but check out the Blair Apartments at 614 S. Elwood Avenue. I lived there from 1995 - 2000 and loved every aspect of it. Vintage building, balconies, reasonable rent, and I NEVER heard my neighbors.
Most businesses I know of that are lower priced and not trying to Retire off of you don't advertise much. Apartment and commercial building ownwers I know in this area don't advertise in papers they just place a sign for rent in front of their units. Many are near the TU area and in Mid Town. I know one landlord that still charges the same rent for his duplexes that he did in 1980, he rents each side for $150 per month and he pays the water/trash bill. He has had one renter for 17 years there.
Two of our staff live in some apartments near Admiral and Harvard with no lease or contract, I know the owner of those apartments. They pay $200 per month gas and water paid. They have gas wall heaters and gas hot water tanks and a gas stove/oven.
All appliances and carpet were new when they moved in last year. Garbage Disposal, Dishwasher, Stove, Refrigerator all new. Outside is brick with asphalt type shingle roof. Kitchen was remodled with new cabinets and counter tops.
They have a decent size living room 15x12 with two windows a dining room 12x12 with one window, a tile floor kitchen with a separate back door. A tile floor and wall bathroom with a lavaratory style sink, bathtub with tile wall and shower. Bedroom hall way with storage closets and built in shelves. Bedroom is 14x16 with walk in closet and two insulated windows.
Back and front covered porch with three steps up to the apartment. Wired for Cox Cable, phones and 220 for AC window units. One AC in bedroom and another in the Dining area. Heat is a wall unit that requires no electricity to operate.
Their power bill run around $21 for Electricity in the Winter and $50 in the Summer. They have no water or gas bill.
My office building is owned by the same person. I have no contract and I pay $125 per month for a three room office with storage and additional storage on the main floor. Been here for 12 years. We have a common area that shares between all the office suites occupants a Fax Machine, Copy Machine and a hard wired land line telephone. I had another office we operated it was at 51st and Lewis area I paid $75 per month for a two room office there for 8 years.
Building I am in now used to have a phone answering service we all used as our secretary in the lobby, but she passed away three years ago. We all paid her $25 per month for her after hours phone answering service. She could Fax, Email, answer the phone, take orders, complete pre-entry forms, answer common questions and do most anything we needed.
Just have to ask around and drive around and look for signs. Most that advertise in papers are much higher priced. I would never sign any contract or lease on any rental property without an opt out agreement for any of our businesses. I am happy with a month to month agreement and a handshake. Worst that happens is you have to move out if you miss a payment, but that can happen even if you have a contract/lease/mortgage or own the property outright.
You never really own realestate 100% as there is property tax requrired and it can increase, miss paying the taxes and you no longer own the property. Plus the City/County can take you property for a Highway or other need. And you can loose it in a judgement. The cost of maintenance, upkeep and depreciation typically out run the increase in property value in this area. I have owned five homes and four commercial realestate properties and lost tons of money when I sold most of them over the years.
I am much more comfortable renting space today than having the burden of maintenancne and upkeep of owning commercial property. Bottom line owning buildings is a nightmare that takes 10 to 15 plus hours a week of my time to deal with. I would rather be traveling and enjoying life than having to babysit contractors and maintenance people.
Speaking of income from property and insurance. I have a friend that owned a building in Tulsa. It was insured for the value it cost to build it. He was renting it for $2,500 per month. He owned it outright with no Mortgage, only property tax and insurance.
The building caught fire and was a total loss. The insurance would only pay the cost of the original construction which was $750,000 then. Today's cost is 1.6 million for the same size building. So he not only lost the building, he also lost his $2,500 income from the rental. Now he only has an empty lot after paying to have the building removed.
Another nightmare of owning commercial buildings.
$300 wont even come close to covering the mortgage on a duplex. Let alone insurance, tax bill, maintenance, and other costs associated with owning a building. And utilities?
Assuming insurance is $50 a month, taxes $25, and a lowly $25 a month for maintenance. Then lets pretend utilities are only $100 for 2 residences every month. That means the guy only has $100 a month to pay a mortgage. So, using those INSANELY low numbers for his other expenses, the landlord could afford a $15,000 building.
I dont want to live in a $15,000 duplex. I'm fairly confident no duplex selling for $15K could legally be leased.
Either they are pulling the wool over your eyes, you are mistaken, or this man is subsidizing housing to the tune of $500 a month.
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Likewise, grade "A" office space in Tulsa leases for around $13 per square foot. So for $125 in Tulsa I would expect to get about 10 square feet of office space. So if you truly have a nice office for $125 a month for all that you say - get a lease and sublease that thing. You would certainly make more money subleasing at a 3 or 4 times markup than whatever you are doing now.
Your landlord must be a fool to give away that kind of money.
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And $50 a month for electricity running 2 A/C units? When I lived in Iowa we had 2 window AC unit and payed about 4 times that in the summer for electricity - it tends to be hotter in Oklahoma than Iowa.
Same with the $200 a month. Either it is government subsidized or they are losing money on it. Gas bill would average $50 for a family of three, water minimum of $25. So they are actually paying $125 in rent. Of which a minimum of $25 goes to insurance and another $25 a month to maintain the property. So $75 a month.
Are we talking about slums here? At $75, pretending its an 8 unit complex, you could buy an apartment building for just shy of $100,000. That is nothing. My meager little midtown home is worth more than that. Hell, I'd be DAMN GLAD to sell him my house for $100,000 (under what it is worth) if he will lease it back to me at those kinds of rate.
I'm just afraid I cant believe those numbers unless I actual saw them offered. They are just too good to be true, which probably means they are.
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As per losing money on real estate - more millionaires are created from real estate than any other sector. If you do it right, real estate will pay for itself in the long run and you build up free assets.
Isn't Westport doomed to be bought out and leveled? They optioned it for The Channels, but even without The Channels being a success, it would seem the place is for sale.
Sundance looks to me like a pretty typical apartment complex (take that for what you will) for the area, with pretty decent residents for the most part. The "security gate" is just for show, as you can walk right into the complex no problemo. Thats true for most places though. Take a look at Lincoln Park at 19th and riverside (just before Denver) - It is pretty nice, maybe a little more costly than a Sundance or Legacy tho. Underground parking garage with a security gate that actually works, and you'll be the envy of all your friends on the 4th of July.
Some office rates for Tulsa:
http://www.tulsaproperties.com/properties.asp?corridor=Lewis
Average $12 per square foot. The ones closets to 51st and Lewis were closer to $16. Did you lease 3 square feet of space or is there some idiot leasing his property for 10% of the market price?
Right at 51st and Lewis office space is selling or has recently sold for $85-90 per square foot. Putting it in the lease range of 14-$15 per square foot (industry standard 1/6 cost = lease price estimate).
Either you really know how to find idiots willing to give their property away, or something is drastically wrong here. And month to month is usually more expensive, as the owner wants security in his income.
Bah! I call BS.
quote:
The building caught fire and was a total loss. The insurance would only pay the cost of the original construction which was $750,000 then. Today's cost is 1.6 million for the same size building. So he not only lost the building, he also lost his $2,500 income from the rental. Now he only has an empty lot after paying to have the building removed.
Another nightmare of owning commercial buildings.
Dear god! You insure a commercial building for a particular amount of money. You call up CFR or Colemont or whomever and say "I need to insure my structure at X used for Y for $$$, get me some quotes." They provide quotes for that dollar amount of coverage and you pay the premium. If you care to know, commercial insurance is usually paid in full in advance for the entire year. However, it is most frequently financed and paid with 25% down and the rest over a 9 month period.
If the building burns down, they have to either prove the cause of the fire was outside the policy (ie, you torched it) or pay the amount of coverage stipulated. Its not like a car where there is a haggle over the value of the used vehicle. It is pre determined by contract.
If your friend insured a building for less than its value too damn bad. I call BS again.
It was the building near 61st and Garnett where Leisure World was located. The building was built from concrete and steel, however the business leasing the property had stored, for some unknown reason, large amounts of Styro-foam from the packing material of Hot Tubs in the warehouse area of the building. I believe that was the fuel source for the fire.
Either way the insurance coverage he had in place was not enough to rebuild the structure at today's cost, and the building owner lost both his building and the income from it.
Simple mistake that is made a lot in business.
I have another friend that lost a non-commercial large two story storage building on his land during construction when a worker using a grinder accidently set the building on fire when it was very windy and dry last Winter. He suffered too from lack of adequate coverage on his structure and contents as well. They lost two automobiles, a large F-450 Ford Truck, two tractors and other vehicles that were stored in and near the ourside of the building at the time of the fire. None of which were covered by the building policy. Two of my street motorcycles and some expensive hand tools were in that building and I never got any money for any of them. Didn't expect any either as I had no coverage other than liability insurance on those.
Again, when you are in the process of constructing a new building there are special forms of insurance that you carry. Not only should the prospective new owner (or bank) have a construction loss policy, each contractor is often required to get an insurance certificate. Not to mention most business have equipment insurance built in as part of their General Liability policy that will cover the cost of replacing equipment that is damaged or stolen. If you care, the premium is usually based on volume of sale X a modifier. The modifier depends on the industry and the track record...
It sounds like you and your friends commercial woes might stem from a lack of proper insurance. If you take the risk of having no insurance, then you have no right to complain when you lose out because of it. It sucks, to be sure, but an extreme risk was taken to avoid cost and they got called on it.
Either you got screwed by your friend or he burned himself (pun intended).
The late Tulsa homebuilder Vernon Mudd owned that building near 51st and Lewis. It sits along 51st Street West of Lewis on the South Side of I-44 highway.
It is a two story building. The office suites which were around 500 sq feet rented for $75 per month, and a two car garage we rented there for a couple of years was $250 a month with attached office space.
Property owners like used car salesmen have three prices. Wanting, Asking and Taking price. Depending on how long a property sits vacant may determine how good a deal you can make with them. People get screwed on purchases and leases every day.
A wise Jewish friend of mine once told me that during negotiations always be aware that most people will accept a 1/2 loaf of bread versus a full loaf of bread in sketchy economic times. He always said "A 1/2 a loaf of bread is better than no loaf of bread." He also pointed out that God created Gentiles because someone has to pay Retail.
Need to also remember most people will not divulge what they are paying for space. The average or numbers per square foot are created from reports generated by the property owners and leasing agents and not the business owners that are paying the rent in those spaces. May get a totally different number if you could get honest answers from the renters.
Buy a brand new $20,000 vehicle today, then take it to the Car Crusher tomorrow and it will bring around $120 in material. The catalytic convertor range from $30 up to $140 depending on the size of the engine. Wheels and tires bring around $15 each ussed, if they are aluminum wheels. Most things are only worth the weight of the material they are made from. Some may have additional value from the use one may get out of them.
Most savvy business owners buy used equipment, rebuild it and put it back into service. They save tons of money doing that.
Both owners owned their buildings outright and had no construction loans or mortages on the property. They had owned the property for years and just failed to upgrade the coverage.
Neither one were involved in the fires, one was a construction accident and the other was caused from improper storage of material of the renter.
Call me Inteller, but $150 to $200 per month rent for an apartment will usually only attract scum. You know, people with bad habits who don't have a tendency to respect other people's property or have a concept of proper etiquette with noise.
People who can charge that little either: have paid off the building long ago, are accepting gov't subsidies, or are renting sub-standard property which is barely up to code. I'd also bet they are under-insured as well.
I always tell people who are looking for a place to rent, be it an apartment or a house, to look at what kinds of cars are parked around the area. You can get a pretty good idea what kind of neighbors the area attracts just by looking at what they drive and how they take care of it.
I pay a little more for less square footage than I could get a mile or two north of where I live, but having good neighbors is an important criteria for me. I don't worry about cars coming and going through the night or having my house broken into.
The two younger gals in or office mid 20's have lived there for over a year. Parking lot has 2006 Chevy, a 2003 Ford F-250 a 2002 F-150 and a 90s F-250 pickup.
Neighbors on one side have outdoor cookouts during the mild weather. I have atteneded a few, they make some awesome BBQ using pecan wood.
No noise around there that I have ever heard when I was visiting, the gals don't ever say anything about noise. Their neighbors are all older seniors mostly in their 60's retired couples.
Noticed a few of the homes on their street are undergoing some major landscape improvements and one has been completly remodled in the past year.
It is a very quiet nice neighborhood compared to some I have seen in other parts of Tulsa. The owner is not trying to Retire off of other people, he owns the property outright and has for over 25 years. He makes a little money from his rent, most he puts back into the property had it completly sealed and painted last summer and he installed new appliances in most the units. He has been retired for five years and is not looking to become rich off his investments.
Some people think you must pay a high price for anything to be quality, that is not always the case. Depends on who you are dealing with.
As far as code, each unit has circuit breakers the box looks very new clean and shiny and all the breakers are marked as to what they control. All outside wiring is in conduit other than their cable and phone lines.
I did not see any holes, leaks or gaps in the brick work or woodwork on the outside. Inside the walls are all smooth and painted professionally in two tone umbers, hardwood floors are sealed with polyurathane and the windows are all double pane with screens.
The plumbing works great their unit has a large deep stainless double sink with a sprayer atachment and a brand new Whirlpool Dishwasher and Stove. I have prepared a few salads and dip at that sink. They have a Brand New Refrigerator and a wash and dryer in the laundry area.
They are back in the neighborhood with little traffic. I have left there as late as 11pm on a Saturday night and never saw any kind of traffic you are speaking of. We have dropped them off from 1am until up to 6am returning from out of state trips and have never seen anyone or any traffic around.
If anyone is making noise around there it would be us dropping them off with our odd hours. LOL
If that is the case, it's a rare land-lord indeed, and even rarer that he attracts quality tennants. Common thinking amongst a lot of landlords is that if you charge low rent, you get "low renters".
I'm willing to bet though there are more police calls north of I-244 in the Harvard area than there are south of it.
The construction was not being done on the existing building that burned, it was an addition and not original construction. The addition was only a concrete slab at the time of the accident. A metal building was being erected on the slab and the worker was removing an outside exterior wall of the existing building. He got the metal building as a salvage deal and it was being assembled on the slab.
The building was insured and he owned it outright with no mortgage. The contents were insured but not any motorized equipment that would normally carry an additional policy. His kids motorycles, tractors, ATVs, Jet Skis my motorcycles and two cars owned by others were not covered under that policy as it typical with most insurance policies. They cover much less than you would think.
His riding mower used for lawn maintenance was covered along with his hand tools and other equipment in that building. The two large F-450 Trucks parked near two of the five overhead doors were not covered by the building insurance and neither had comprehensive coverage. Both were in the process of repaire, the fire department and helpers were unable to get them moved back from the building in time, he lost both of them. Crushed two of the cars that were in the fire they had no insurance coverage either.
Non covered loss was around 20-30 grand in the entire deal, but the two other owners of vehicles there did't care as we chose not to have comprehensive coverage on those vehicles as the premium costs outweigh what the insurance company will pay for a loss in most cases.
I have lost way more than that in less than a few hours on many occasions so I considered myself lucky that I was not there and got burned up in the deal.
I did get $8 in metal salvage weight for my two burned up motorcycles. May of paid for the gas to take them there. All the aluminum was melted off so there was not much left.
I am not attached to any vehicles or much of anything I own anylonger like I was when I was in my 20's. Heck I have given away 11 motorcycles and 20 bicycles in the past 10 years.
quote:
Originally posted by Conan71
If that is the case, it's a rare land-lord indeed, and even rarer that he attracts quality tennants. Common thinking amongst a lot of landlords is that if you charge low rent, you get "low renters".
And they are right too. I was paying $350/month plus electric back in 1983-1985 for a very lovely 1-bedroom 1,000 sq. foot duplex at 16th & Columbia Place. $200/month for an apartment or duplex today? I would be very suspicious of either the landlord's sanity, the neighbor's desireability, or the crime in the neighborhood.
"Call me inteller" - I nearly fell out of my chair laughing at that one!
Sounds like you were getting ripped off by a property owner that was attempting to pay a first and second mortgage on your sweat.
People that own their properties outright do not need to charge such high rental rates.
Need to seek out more mature property owners that are not trying to retire off of you or pay back loans they took that exceeded their means.
I know of several property owners that have homes, apartment buildings, commercial buildings and other property that do not charge large monthly fees for rent. Most are in nice areas and they are not in the business to get rich quick, they enjoy long term tenants that respect their property, don't tear it up and work to keep it in good condition.
That is perhaps the trade off. You can charge a high rate and expect damage and lots of wear and tear, or a low rate and get increased respect from your renters.
In 1982 my friend that now lives and works in Kuwait had a dozen or more muiti-plex units by TU, he rented most of them for $75 a month and had the same students year after year return. Some were Spartan Students others University of Tulsa students.
They all loved him for providing them with nice comfortable off campus living. He was invited to many parties and dinners and many of them still write him and talk about all the great times they had while living in Tulsa. He still owns several of those units and rents them today for around $125 to $175 per month water and trash paid.
Life is not all about profits and how much money one can earn or land and buildings they can acquire and use to their maximum benifit to make a profit. It is about friendships, relationships and sharing and caring and helping others along the way. Helping people that are wanting to better themselves. Provding them with the tools to boost their knowledge.
Not everyone needs to act like Donald Trump the Earth only needs one of him.
Yet another reason to get the greedy life style of the Bush Administration out of Washington and out of office as quickly as possible. His style of "money hungry greed" seems to be rubbing off on way too many people in this country each day he continues to be in office.
This thread has been officially derailed
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Anyway, I wouldnt go so far as to say the sort of properties AMP describes would only attract "scum", because the prices mentioned sound more like buddy deals than worthless squalor. I believe there are actually a few nice people out there who own property which is paid in full, and are perfectly content with charging the same rates they did years ago so long as it covers property tax, upkeep, and kicks a few extra bucks into the owner's pocket. More sinister owners will raise the rent on people LIVING in a house just because they know they can squeeze a little extra out of inflated valuations or demand.
But I dont think you can just talk like these deals are all over the place to be had. More than likely these rare generous deals on rent are passed on to good friends and relatives, not really seeking random people applying.
Back to the topic of apartments on Riverside tho, check out Lincoln Park. There are a few random smaller places scattered about, like 3701 Riverside, Marella (39th and Riverside), Chalet (between 39th and 41st on Riverside).
The bigger places like Sundance and Legacy will likely have more of your typical apartment problems,
There are also lots of small apartment buildings along 21st between Boston and Cincinnatti which seem quaint enough and "near the river". Most of the places north of 18th on the river are baad bad places. Possible exception of those condos between 1500 and 1600. I am guessing the master plan of the Channels people was to level everything within a few blocks of Riverside and Denver. Just a hunch.
Go to the Tulsa Crimes Map Web site and click on the crime map of Current Crimes in Tulsa.
There is not a neighborhood, or many streets for that matter, that are not "lit up" with a number of Blue Stars when you choose the "All Crimes" selection.
Seems to be a common problem no matter how high or how low the rent or house payment in the neighborhood seems to be.
My parents home and my sisters home, both located in South Tulsa in Southern Hills have had more burglaries than I have experienced in the past 40 years and I have owned homes.
Don't think it matters where you live, thieves are mobile and they typically either know you or someone you know and know when you are at work and when you come home.
According to those maps, crime seems to be everywhere in the Tulsa City Limits. Does not seem to be a major hot spot or a cool spot according to the maps.
It is amazing to see all the Auto Theft and Personal Assaults that occur in Tulsa. Make ya want to load up your Glock 9.
There seem to be a large number of Auto Thefts and Personal Assaults on both sides of the River. From all along from North to South. Well all over town for that matter.
Good thing Oklahoma is a "gun toten" sate.
Map needs a selection to show how many bad folks got shot and or killed while trying to commit a crime.
22 separate cases of property type crimes reported in the Southern Hills neighborhood between Harvard and Lewis and Southern Hills southern property line and back to 71st Street. 22 cases in just the the first two months of 2007.
Who would of ever imagined that neighborhood having that kind of crime rate? Looks like crime is everywhere today in Tulsa.
Things sure have changed in Tulsa over the past several years.
AMP, simply put - I DONT BELIEVE YOU.
If you provide me with an number to call to lease an office similar to your for a similar price I will pitch it to management and happily give you half of my companies savings. You stand to get VERY rich off of this deal in the long run.
Likewise, I have some friends who live in apartments and pay vastly larger amounts of money. Some live in Wagner or Vinita and still chuckled at the rents you quoted. So if you can get them a deal on a comparable apartment they agreed to pay you half of their savings for the first year. This could be as much as $400 a month by your figures, nearly $5000 for this favor! Amazing.
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Please dont give out 'friends rates' or other strange deals you had to new comers looking for an apartment. They will have a horribly skewed view what they are looking for and may very well pass on a good deal.
I don't need any money, money is not a motivator for me. Time off, rest and having someone take care of my daily routine would be, but I have yet to find a hired hand that has the amount of knowledge and skills I have that could handle a 1/10 of what I accomplish in a day.
I would be glad to give you the phone numbers of the owners of the property, however I fear your clients may educate the owners into thinking they should charge more for their rent. One unit is becoming available, the property owner has been there all week painting and cleaning. It rents for $250 per month.
I am constantly working to get the rent reduced and not increased. Each month before I pay the rent, I always have a punch list of items that need to be addressed. That is the method I have always used on sellers. Point out the down sides, rough edges and short falls. Buy low sell high, the typical retail method. Guess I learned it from my family over the years. These owners have no special deals, it is there normal rent, which I think is high.
It would not be in my better interest to invite renters that are willing to pay more than what we are paying here. Similar thing happened to a couple of Buildings we rent for events. One rents for $150 per night where the majority of others run $600 up to $1,200 per night. Word got out of how inexpensive they were and other groups with deeper pockets stole some dates from me and two other event producers held by offering the Arena owners $600 per night.
So, thanks but no thanks. I know what I and the other renters in this building pay. And I know what my two gals pay at their apartments.
I suggest those folks interested need to spend some time searching around for better deals on their own.
No major hot spots, huh?
Where do you hear about most homicides and drug-related crimes? 61st St. between Peoria and Riverside, north of Admiral and west of about Yale, 31st and Mingo area. And what do these areas seem to have in common? Low rent housing.
Take a closer look at the map of the south Tulsa area you are talking about. The stars west of Lewis look like a bunch of cockroaches, especially the closer you get to Peoria. Look at 67th & Lewis, very high concentration right about where there is a lower rent apartment complex. Just south of 71st street at about Wheeling and Victor, there is also another bevy of apartment complexes, and guess what? Higher crime than residential So. Hills. Jog over on the map to the low-rent apartments northeast of 51st & Yale, more crime than residential area.
$200 a month for a midtown apt?!?
On a handshake?
So, is this the special RWW discount (aka "Renting While White") Tulsa used to be so famous for?
Don't know if they have one and/or two bedroom apts available there, but I heard a good review on the Olde English Apts at 16th & Denver... efficiencies are $285-$295 plus electric. A guy I know has been there about 3 months and seems to like it a lot.
Best thing about apartments in Tulsa... if you don't like the place you picked, the 6 month lease can be a godsend.
quote:
Originally posted by USRufnex
$200 a month for a midtown apt?!?
On a handshake?
So, is this the special RWW discount (aka "Renting While White") Tulsa used to be so famous for?
Don't know if they have one and/or two bedroom apts available there, but I heard a good review on the Olde English Apts at 16th & Denver... efficiencies are $285-$295 plus electric. A guy I know has been there about 3 months and seems to like it a lot.
Best thing about apartments in Tulsa... if you don't like the place you picked, the 6 month lease can be a godsend.
OE apartments? Do those come in 40's?