After 10 years of being lucky with tenants, I switched to a property management

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Jun 3, 2024
3:06:12pm

FatThor All-American

After 10 years of being lucky with tenants, I switched to a property management

company. It's the unknowns and legal exposure that I dreaded.

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FatThor

Previous username: HuskerCoug
Bio page: FatThor
Joined: Aug 23, 2002
Last login: Jun 30, 2024
Total posts: 8,112 (109 FO)

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Messages

Author

Time

Anyone have any general landlording advice?

conetah

Jun 3, 2:14pm

probably

HingleMcCringleberry

Jun 3, 2:15pm

Unless you are ready to deal with tenants and toilets, invest such that you can

TrueBlue67

Jun 3, 2:20pm

If a potential renter asks if you do background checks, just say "yes".

Eddie

Jun 3, 2:22pm

If they are asking you about a background check pick another applicant

Cougz19

Jun 3, 2:54pm

Don't do it. It sucks.

RexIdaCoug

Jun 3, 2:22pm

This is the best advice any of us can give you.

2FarGone

Jun 3, 2:28pm

Your mutual fund never builds a meth lab in the basement.

DubuMfalme

Jun 3, 2:41pm

Keep rent 50 below market and be picky on your tenants.

Ycrazy

Jun 3, 2:22pm

$50?

Jun 3, 2:29pm

Yep if 1500 is going rate I post mine at 1450 it make a difference.

Ycrazy

Jun 3, 2:32pm

Good call.

Jun 3, 2:48pm

I hated it

Kale

Jun 3, 2:25pm

Me too. Getting a management company to do it was one of the best decisions I

Jstak17

Jun 3, 2:53pm

You can avoid most housing applicant requirements if you have just 1

SwanSong

Jun 3, 2:26pm

Use Baseline to collect rent. It automates it and has no fees.

Jun 3, 2:27pm

Other tips:

Jun 3, 2:31pm

If you are going to self manage then buy something close to home. Real estate should be seen as a get rich slowly

HarlemCoug

Jun 3, 2:36pm

Just do the scam that seems to be happening in St George

stoils

Jun 3, 3:01pm

After 10 years of being lucky with tenants, I switched to a property management

FatThor

Jun 3, 3:06pm

I had an employee that had a few rentals. He made it a practice to meet the potential tenant at their car. If the car

Jun 3, 3:06pm

my friends Grandpa did this and said it made a good filter.

fresnoa

Jun 3, 3:10pm

Finding a good tenant is worth waiting an extra month (losing a month's rent).

Kauai

Jun 3, 3:18pm

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