• Landlord Explains the Strategy He Uses to Set Fair Rent Prices
    Real Estate

    Landlord Explains the Strategy He Uses to Set Fair Rent Prices

    Dion McNeeley owns 16 units in Washington and makes six-figure profits in rental income each year. His “binder strategy” involves including tenants in the conversation about their rent price. He educates tenants on area average rent prices and then asks them what they think they should pay. Dion McNeeley started investing in real estate in 2013. At the time, he was making $17 an hour working at a commercial-truck-driving school and living paycheck to paycheck supporting three kids on his own. Inspired by his brother, who was able to retire at 50 because of smart investing, McNeeley realized that real estate could be a path to wealth. He saved diligently…

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