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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Aaron Thompson
  • Specialist
  • Hampton, VA
4
Votes |
19
Posts

Brrrr Strategy (Renters)

Aaron Thompson
  • Specialist
  • Hampton, VA
Posted

Hello BP Family. I am looking to do the BRRRR strategy. And I have a question about the renters that I will put in the home after It is remodeled.What if I put a tenant in the property and there are damages to the property that are caused by them and not common wear and tear. Am I responsible for things like kids playing and putting holes in the wall. Or things that have to do with the renters destroying the property. I understand that I am the owner of the property and the house to be some sort of rental agreement But more insight would be great. I'm trying to get an idea of what I'll be getting myself into. I also plan on using property management.

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