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Updated over 7 years ago on . Most recent reply

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3
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Joseph Aghia
  • Medford, MA
3
Votes |
5
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Question on finding new Tenants

Joseph Aghia
  • Medford, MA
Posted

Hi Everyone. I recently just found Bigger Pockets, and it is a fantastic!

I have a two family home in the Hillside neighborhood in Medford. When we bought the house in 2014, there were already tenants here, and they have been great. They just informed us they are leaving in July, so we have to look for new Tenants for the first time. 

So, here are my questions, if anyone can help. 

1. While the apartment is in good shape, the Kitchen and Bathroom need some work. Which would give us more bang for our buck, a kitchen remodel or a bathroom remodel? 

2. When finding new Tenants, do you find them yourself or post with a realtor? 

Any help or suggestions would be greatly appreciated! Thanks in advance!

Most Popular Reply

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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,139
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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I'd focus more on the kitchen if either that or the bathroom.

If you've never screened before, you can use a background and credit check platform through your local LL association or any number of online sites like cozy or smart move.

A realtor/PM will most likely charge 1 month's rent to place.  With no guarantees. They place a turd that doesnt pay, smokes and tears up your place, it's your problem.

Either way, ask how much the applicant smokes and how many animals they have early on.  

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