Any landlords? (Help Wanted)

***FijiDeez*** · 02-07-2008, 09:01 PM

Hey all,

With the housing market cooling and rates dropping, this would be a great time for me to buy! However that would mean selling my current house. This looks like it could be a hassle/financial loss and I am considering renting it out. I know that I will be screening possible tenants based on credit and references, any other advice? (Things to do, things not to do, pitfalls, etc.) Thanks!

whiteboy365 · 02-07-2008, 09:05 PM

just make sure you keep your contracts and for the deposit first months rent and if they have pets and you allow 100 each pet... and for the deposit put it in a interest bearing account and the original deposit can not be touched but you can collect the interest...

TOMMIELOEKO · 02-07-2008, 09:14 PM

if you dont want a headache, try using a 3rd party to manage your property. They will charge you but you dont have to get involed with the renters for anything.

pockings · 02-07-2008, 09:32 PM

To avoid midnight tenant phone calls about any property related issue, please use a property management company. They charge you a % of the rent as a management fee, usually range from 6% to 10%, and the fee is a tax write off anyway. Full property management company will do everything from finding a qualified tenant with your approval, collecting rent, and fixing small maintenance issue without your involvement. Do some research on your local property managerment companpies and good luck.

02-07-2008, 09:01 PM	#1 (permalink)
*FijiDeez* Bad Fother Mucker Join Date: Apr 2007 Location: Yompton, OH Age: 28 Posts: 4,539 Jason iTrader: 1 / 100%	Any landlords? (Help Wanted) Hey all, With the housing market cooling and rates dropping, this would be a great time for me to buy! However that would mean selling my current house. This looks like it could be a hassle/financial loss and I am considering renting it out. I know that I will be screening possible tenants based on credit and references, any other advice? (Things to do, things not to do, pitfalls, etc.) Thanks! __________________ Zod 2008 - General Zod - 2008 Presidential Candidate

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02-07-2008, 09:05 PM	#2 (permalink)
whiteboy365 Member Join Date: Aug 2007 Location: D-Jerz Posts: 88 iTrader: 0 / 0%	just make sure you keep your contracts and for the deposit first months rent and if they have pets and you allow 100 each pet... and for the deposit put it in a interest bearing account and the original deposit can not be touched but you can collect the interest...

02-07-2008, 09:14 PM	#3 (permalink)
TOMMIELOEKO Senior Member Join Date: Sep 2007 Location: 15bucks lil man, put that sh*t in my hand!!!!!!!!!! Posts: 8,082 Shake & Bake!!!! iTrader: 2 / 100%	if you dont want a headache, try using a 3rd party to manage your property. They will charge you but you dont have to get involed with the renters for anything.

02-07-2008, 09:32 PM	#4 (permalink)
pockings Senior Member Join Date: Apr 2007 Location: Orange County, CA Posts: 1,118 iTrader: 0 / 0%	To avoid midnight tenant phone calls about any property related issue, please use a property management company. They charge you a % of the rent as a management fee, usually range from 6% to 10%, and the fee is a tax write off anyway. Full property management company will do everything from finding a qualified tenant with your approval, collecting rent, and fixing small maintenance issue without your involvement. Do some research on your local property managerment companpies and good luck.