All Forum Posts by: Jimmy S.

Great idea, I never even thought of that.

Currently charging $1000 a month and lease renews on 6/14. Current tenants are easy going but are late alot and take ok care of the property, they could do much better but I can live with it if it does not get worse. Anyways under priced it first year to rent it out fast for $1000 and I really think I can get around $1,100 now. Mine is the lowest price in the area for the size of the house.

How much would you raise the rent on the renewal?

I would still get first, last and a full security upfront.

Do any landlords require a deposit when a application is submitted that goes towards firsts month rent to cut out all the BS ($10 or $20) If it rejected they will get there money back. To many times I receive a application and screen them, check all there references and everything looks good. I call them back 2 days later and they say they found another place and are no longer interested. What a waste of time.

Its always tough. Try to shoot for 30 days in advance and hopefully can find a tenant by the time the current tenant moves out. Its always hard showing the property when its not vacant. Current tenant can make the property look like crap or might not want other people walking through .

I would not pay for anything that is not a fixed rate every month. There's no way to protect yourself from them over using and just not caring since there not paying for it. 1 month you get the electric bill for $100 and next $350.

Isn't every house sold "as is"? Even if you buy a 1 million house the seller does not have to fix anything. Im always confused when a listing says selling "as is". You can still do a inspection or not? Seller/Bank just wont fix anything at comes up in the inspection, correct?