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re: Real Estate Investing......... New update pg 7
Posted on 3/24/15 at 2:37 pm to stevengtiger
Posted on 3/24/15 at 2:37 pm to stevengtiger
Just make sure to keep adequate reserves for vacancy, capital expenditures and routine maintenance.
Also, I can't stress enough how important tenant selection is. My main criteria is gross income must be 3 times rent, good references and a deposit equal to two months rent. That last part is totally a personal preference. May not work in your market. Don't waver on the other two....
Also, I can't stress enough how important tenant selection is. My main criteria is gross income must be 3 times rent, good references and a deposit equal to two months rent. That last part is totally a personal preference. May not work in your market. Don't waver on the other two....
1
Posted on 3/24/15 at 3:38 pm to I Love Bama
quote:
Also, I can't stress enough how important tenant selection is
Our target tenant will be Air Force personel and I be using myrental.com to screen applicants. I haven't used it yet but it has come highly recommended to me from other RE investors I have met with.
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