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Updated about 12 years ago on . Most recent reply

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82
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Brandon Pearsons
  • Investor
  • Oroville, CA
1
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82
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What sort of renter is better?

Brandon Pearsons
  • Investor
  • Oroville, CA
Posted

I posted a similar topic, but I provided too much information. I hope this one gets more posts...

Option 1 - Longer term tenant medium wear on the property, possible flooring repair -pets and kids ( estimate 2-? years)

Option 2 Short term tenant - no to - little wear on the property- pets & no kids (estimate 1-2 years)

I appreciate any replies...

Most Popular Reply

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282
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78
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Prashant P.
  • Real Estate Investor
  • Philadelphia, PA
78
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282
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Prashant P.
  • Real Estate Investor
  • Philadelphia, PA
Replied

If you are both tenants are equal and the only difference is that one is long term and the other is short, then the answer is simple, long term.

If both types of tenants are paying rent on time and the only difference is wear then the long term tenant wins. You should have enough money being taken out of your cash flow for maintenance. Hopefully this reserve will take care of those issues.

It save time and money in marketing the house, screening tenants and cleaning.

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