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Updated over 9 years ago on . Most recent reply

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10
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Deb Allis
  • Sole member/Owner Brimstone Holdings (Seo/Internet marketing/investments)
  • Palm Bay, FL
1
Votes |
10
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Is this an impossible request to fulfill?

Deb Allis
  • Sole member/Owner Brimstone Holdings (Seo/Internet marketing/investments)
  • Palm Bay, FL
Posted

I have resently just finished renovating my 2nd property and am looking to invest in a third. My past experiences with my renters have been problematic. I would love to learn more about getting better renters as far as cleaner renters that take better care of properties, leave properties in better shape and pay in a more timly manner.

Most Popular Reply

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344
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David Dey
  • Investor
  • Lakeland, FL
603
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344
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David Dey
  • Investor
  • Lakeland, FL
Replied
Originally posted by @Deb Allis:

I have resently just finished renovating my 2nd property and am looking to invest in a third. My past experiences with my renters have been problematic. I would love to learn more about getting better renters as far as cleaner renters that take better care of properties, leave properties in better shape and pay in a more timly manner.

For me, if the properties are single unit properties i.e. Condo, townhouse, SFH, or MH, (basically anything not multi family) I only do rent to owns and owner finance. By doing this, I get all the benefits of rentals without any of the pitfalls of management.

I start all my "rent to owns" with a 2 year straight rental before going into contract.  (Which adds an additional 20k average to my properties) 

The promise of home ownership gives them a much higher pride of ownership along with incentive to pay the payments.

I will give you the specific process and forms I use if you are interested.

Hope this helps.

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