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re: Rental Properties

Posted on 8/4/21 at 7:48 pm to
Posted by Athletix
:pels:
Member since Dec 2012
5070 posts
Posted on 8/4/21 at 7:48 pm to
You can always find a way to evict a tenant. If the grass is too long or the air condition filter isn’t changed monthly are 2 of the clauses in my leases. Also nothing nailed in the wall. Am I an a-hole if I evict cause some nailed up a picture of the family. Yeah… and I’d never dream of doing it. As long a rent gets paid. I put everyone on 3 month leases. We resign every 3 months. Very minimal work, but I’ll get paid or have a good reason to take them through an eviction.

But I did a good job selecting tenants, so far it’s been gravy. I’ve worked with one couple who had a lot of bad happen to them at once, but they are back in the groove and rent is getting paid on time.

Closing on 1 house atm off market and in negotiations for another off the mls. RE is gonna be my way out the rat race. CASH FLOW
Posted by MrJimBeam
Member since Apr 2009
12410 posts
Posted on 8/4/21 at 8:13 pm to
Good call on some of those clauses as I also have them and thankfully haven’t had to use them. Been hustling for more tenants this summer and been looking for the next one. Agreed, I want out the rat race and have been successful so far. Was able to increase rent on all my properties significantly. Basically gave myself a 10 percent raise on the business
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73404 posts
Posted on 8/4/21 at 8:38 pm to
quote:

RE is gonna be my way out the rat race. CASH FLOW


absolutely.
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