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Updated over 9 years ago on . Most recent reply
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Is this an impossible request to fulfill?
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
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.