Updated about 2 years ago on . Most recent reply
Finding Tenants / Charging Right Amount For Rent
Hello Everyone ,
Recently I put an offer in on a home in Houston TX , 4 units. After a bit of negotiation it was accepted and we are going through the process of closing soon. All the units have been recently renovated and are in an area which i see alot of potential in the upcoming years due to it being near downtown (appx 5-15 min away ). I will be living in the one of the units myself and want to maximize on the amount of equity and rental income. Any insight on the following questions would help.
1. any suggestions on best process and way to find tenant ? I would like to possibly do this myself to save on hiring someone.
2. What tools do you recommend to make sure I do not charge too low on the rent.
3. Since i have to include utilities in the rent , there aren't that many comparable units for rent in the area. Any recommendations on best way to calculate this ?
Most Popular Reply
@Moises Silva I use www.MySmartMove.com for background checks and credit checks. You enter in the tenants name and email and the company contacts them and the tenant enters in all the rest of the information including their own credit card to pay for it all which is $42.99 for the whole thing. Then you go to your own portal and login and see their results.