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Updated over 5 years ago,

User Stats

12
Posts
1
Votes
Justin U.
  • Rental Property Investor
  • Houston, TX
1
Votes |
12
Posts

Steps to leverage this property?

Justin U.
  • Rental Property Investor
  • Houston, TX
Posted

Hey Guys, so I need some advice. I control a property in the 38118 zip code of Memphis, Tennessee. My mother is getting older and near retirement. She is looking to move with my aunt into the family home and would like me to rent out her house. What is the best way to go about this? Currently we are doing some soft improvements ( carpet, window replacement, painting, etc) and the house will be move in ready by the end of the month. I am currently in Houston Texas but I would like to take care of this for her despite my limited experience. I am in Houston dedicating the majority of my time to getting this non profit off the ground so I won’t have time to deal with unruly tenants. I was considering a management company to handle the nasty stuff such as evictions. I’m really looking for some ideas on how to market the home ( what websites ) , a realistic deposit (or a formula to calculate one), and how to filter out the wrong tenants. I know I am asking a lot but any tips, or strategies would be greatly appreciated! Thanks in advance guys!

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