All Forum Posts by: Jonathan Cochran

@Steven Liu welcome to the site! Glad to see others from Ohio!

@Richard Brown welcome fellow Ohioan!

Excel spreadsheet and mint.com cover my needs.

I invest primarily in a small town (2,400 people). A couple things that made this an easy choice for me was:

1) I grew up there. So, I knew the area and market very well.

2) It has a great school district. This attracts many people to the area.

3) There were many older homes in good condition in the area which allowed me to get into the business at a low entry point.

I would not limit yourself to the size of the town. As many others have mentioned there is opportunity everywhere. 

Welcome to the community! Glad to hear you are not giving up!

As long as you have a security deposit from them and they do not get behind by more than that month, I would say you are covered. As other's have mentioned it may be a preference of the tenant with how other bills or things line up for them. I would look at it as extra income. However if it goes late into the month or the 2nd month, I would be concerned.

I would agree with @Aly L on verifying tenancy. They may change their story once you inform them of this. Also, in my experience when a potential tenant complains about their current landlord it is typically a re-occurring theme and usually ends up being more of a hassle for me in the long run.

Just my 2 cents..

Thank you everyone for the warm welcome and suggestions! I am extremely happy to see all of the participation on the forums!!

Hello fellow BP members. I have followed the site and forums for a while and finally decided to join. I have dome some fix and flips and I currently have a few rental properties. I look forward to learning more and hopefully sharing some of my knowledge as well!