All Forum Posts by: Gary R Uren

Sorry for asking, I am new to this. I would congratulate them if they had another kid. Taking in strangers seemed different.  I am not trying to gouge them. From having 3 step kids and 10 grandchildren,  I know that kids can cause some damage. Thank you Mr. Scott for the intelligent answer and not attacking me. 

I rented out a 3 bedroom,  2 bath house to a family with two adults and two children.  The just sent me a text asking if they can take in foster kids. I never dealt with something like that before.  The contract says no one else besides them can be there for over a week so it is my choice,  what options should I consider for this, a rent increase per child, security deposit increased.  They signed a 3 year contract and have an excellent rental history.  Thank you, Gary.

Thank you everyone,  very empowering. 

Sorry, I don't use a property manager. 

I will be tracking it myself,  I just need a spreadsheet to be able to put in the expenses such as materials,  mileage ect. I don't know how to make a spreadsheet so I was trying to see if anyone had suggestions on where to get one or should I pay someone to make one up for me?

I'm in my mid 50's and am trying to find a way to supplement retirement.  Did I start too late to be able to make an income to help out?

Looking To get a spreadsheet to track profit and loss for a rental.  Is there one designed for that or should I hire someone to make it?

Fantastic, thank you everyone. 

@Ron Brady

Thank you Mr. Brady, I appreciate your advice.  Could you please tell me what you mean by up to a point. What point is that and why?