How West Virginia outperforms the 1% rule.
A quarterly brief from the L&L team — the math behind 1.5–2% rent-to-price deals, the neighborhoods driving it, and a worked underwriting example you can copy. No sales follow-up.
What's inside this issue
- 01The 1% rule, explained — and why it broke almost everywhere else.
- 02South Hills · East End · Teays Valley · Hurricane: a side-by-side rent-to-price read.
- 03One worked example — acquisition price, projected rent, six-month actuals.
- 04Three deals where the rule didn't hold — and what we'd have done differently.
- 05Disclaimers, full and verbatim, with sources.
For investors who already own a door — and the ones still running the math.
You own property in Chicago, Denver, Phoenix, or the Bay Area — and you're tired of negative cash flow.
The Brief gives you the West Virginia thesis with the numbers attached. You'll know whether it's worth the call before we ever meet.
You already own a door or two in the Kanawha Valley — and you're wondering how to grow.
The Brief is the rent-to-price read for your block, with the comparables we'd pull anyway. Use it on your next acquisition.
Josh Landis
Principal · Operations
Josh oversees day-to-day operations at L&L and co-authors the quarterly Investor Brief. Questions about the data or methodology? josh@llpm.org
Returns described reflect the experience of investors in the L&L Property Management network and are not a guarantee of future performance. Every investment carries risk and outcomes will vary.