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Updated almost 5 years ago on . Most recent reply

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Aaron Romine
  • Rental Property Investor
  • Toledo, OH
6
Votes |
6
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House-Hacking for my first rental property....Help!

Aaron Romine
  • Rental Property Investor
  • Toledo, OH
Posted

In a couple of weeks, my wife and I will be closing on our first rental property (2 unit, duplex) here in Toledo, OH. We are excited to start our journey in rental property investing! I wanted to reach out to see if there are any tips or guidance from those who have experience being a live-in landlord. We plan to live in this particular duplex for about a year while seeking/saving for our next rental property. Not only am I looking for guidance on my first property, I'd love to connect and network with those who have property in the Toledo area. I'd also love to just connect with any new and/or experienced real estate investors and landlords!

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Replied

@Pierce R.
@Ronnie Hutchinson

Thanks for your feedbacks. You both are totally entitledto your opinion, but in my experience with landlording, it is best to have a third party. I house hacked and posted ds on craigslist, showed the house to tenants, did my "vetting" and ending up with squatters on month 2. I checked FICO scores, verified employment, you name it. Boom squatters. I tried to be "emphatic" and understanding, but in some cases it does not work. Excuse after excuse after excuse. I was stuck with professional tenants. What does a "newbie" landlord know about that? Nothing. lol

Anyway, I did all the right things and still went through the nightmare. And it was a nightmare. If I could go back and do it over, I would 100% pay management to not deal with tenant excuses.

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