All Forum Posts by: Jim P.

Have them believe someone else is on their way to your location by letting them overhear a cell phone conversation giving out the address and you will see them in 5,10 o 15 minutes. 

We do have the Greater Enfield Landlord Association that meet on the first Wednesday of each month at the town hall. 
let me know if you are interested.

John,

Getting this tenant profile document set up from beginning to launch is difficult for me

If you get a lot of rental inquiries, you need to make a tenant profile document to email back to them after the first inquiry. I found that reduced my communications by over 90%. The tenant profile covers all the stuff like credit score, income, screening process, animal fees and rent, monthly rent, smoking, who pays utilities and so forth. Basically answer all the questions people ask over and over. On a typical rental, I'll get a 100 inquiries and two applications. That profile really helped a lot with people screening themselves out.

These are all great ideas. I will take a closer look at all of them. Keep them coming. Thank you all

Theresa-$1550 mo 3 bedroom house,,I have been burned before and the 2 mo sec didn’t cover the damage. I received so many calls with just first name and #. Most are just kicking tires and wasting my time. It’s exhausting. I’d like to find a way to have as much information as possible about them before responding. Playing 20 questions on the phone is not for me. For me, screening is the one thing I hate the most. Reading people is getting more difficult. $100 off a month is doable. 

Thank you Russell and John,

I have it listed now that tenant pays first months rent two month security and all utilities how would you word it from this point on? I don’t want to promise to much and regret using the wrong verbiage. Maybe $400 off until March/April for 18months so I don’t have another winter move

Emergency!   Winter Is now here and I have 3 vacancies,,loss cash flow $3500 plus oil/ utilities   — I could use some advice to fix my problem now...don’t know how to get though this very tough patch .

I won’t be able to pay for all the utilities- mortgage- taxes without income coming in..anyone ever been here before and how would you correct the problem quickly. The tenant pool is not knocking on my door.  Any out of the box ideas are welcome 

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Investment Info:

Large multi-family (5+ units) buy & hold investment.

Cash invested: $350,000

I own historical buildings built circa 1850

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

I live and work in the historical section of my town and was given an opportunity to invest years ago

How did you find this deal and how did you negotiate it?

I contacted the owners directly

How did you finance this deal?

HELOC