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Jan 11, 2021
10:50
:43
am
JONBOY
All-American
we held our townhouse for 10 years after we upgraded. Though we never really had
strong cash flow, and probably had 2-3 repairs a year to worry about, and ended with a deadbeat renter, it was still the best financial decision we made.
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JONBOY
New username
Blue Ridge
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JONBOY
Joined
Jun 20, 2001
Last login
Jan 26, 2021
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Messages
Author
Time
Landlords: what are some of your free tips for rental properties?
Tricky
1/11/21 10:21am
you gotta have someone who can deal with a flood, or similar problem.
v1k0u6
1/11/21 10:23am
Challenges:
MichCoug
1/11/21 10:23am
As someone who has looked in to it, I think if you find a good company...
rtNelson
1/11/21 10:27am
Have a very detailed contract that lists out all of your expectations of the tenants and what the tenants can expect
IceBlueCoug
1/11/21 10:28am
make sure your contract is completely on your side. I have always found that if
grandpacoug
1/11/21 11:54am
Look into the field of OSINT to help with background checks.
Zedhead
1/11/21 10:28am
We don't use a company, we do it ourselves. It can get stressful at times
shakavaka
1/11/21 10:29am
Is your property in the town where you live?
Tricky
1/11/21 10:30am
You're gonna have a hard time making cash flow numbers work in Utah.
molodyets
1/11/21 10:37am
And the property mgmt company will make or break your investment.
molodyets
1/11/21 10:38am
Agreed if your are going to buy out of state I would buy somewhere else. We
johnnybyu
1/11/21 10:46am
Where else would you buy?
Tricky
1/11/21 11:26am
Memphis, KC, Jacksonville, Birmingham, Cleveland, Little Rock.
molodyets
1/11/21 11:38am
Great list of cities, but almost anywhere in the Midwest will work. I would urge
grandpacoug
1/11/21 11:57am
I had not liked owning rental properties out of state. I have one and am sellin
johnnybyu
1/11/21 5:26pm
This is true
DC12
1/11/21 1:33pm
we held our townhouse for 10 years after we upgraded. Though we never really had
JONBOY
1/11/21 10:50am
As I've said many times, RE is the only place I've ever found someone that will
grandpacoug
1/11/21 11:59am
I’m closing on my first one this week.
BPintheCouv
1/11/21 10:53am
I guarantee you will do great with your list of characteristics. Keep buying!
grandpacoug
1/11/21 12:01pm
I’m an out-of-town rental owner and my property management company is
Longbow Cougar
1/11/21 10:53am
Vetting the tenants is very important
BlueBlitzkrieg
1/11/21 11:06am
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