My first rental property

[Eric Sanford]

Investment Info:

Single-family residence buy & hold investment.

My first rental.

This 3 bedroom, 2 bath home provides 1329 sqft of living space and a lot of 8,968 sqft. Entry opens to a spacious great room with lovely wood laminate floor and brick fireplace. The wide open combination kitchen and dining room which is also ideal for overseeing homework during meal prep. A spacious suite bedroom includes a decorator ledge and the suite bath features a garden tub with separate shower for maximum relaxation. Storage is a breeze here with a walk-in closet in the suite bath as well as one in a minor bedroom too. The huge back yard has a covered patio and overlooks a gorgeous field of cedar trees.

What made you interested in investing in this type of deal?

This is a perfect starter home in a fantastic neighborhood with great schools.

How did you finance this deal?

VA Loan

What was the outcome?

The house was sold for a nice profit.

Lessons learned? Challenges?

If you use a property management company, make sure it is a good one. The privacy fence on this house fell down and the tenants large dogs roamed free in the neighbor's yard, terrorizing their child. Both the tennant and the neighbor complained several times to the property management company. I called the company myself and ask that they fix it. 4 months later, it was not fixed. Their excuse was that they thought they had sent me an email asking for my preferred fencing company,