All Forum Posts by: John Barrett

I would just ask for clarification as to why they want to sign new leases. Rather than being malicious it could just be the case of an owner who is friendly with the tenants. If you are concerned run them through the rental application process, get copies of the current lease and documentation the rent is being paid on time. Make sure the rents are at market rate and I also wouldn’t agree to anything longer than a 6 month lease.

I wouldn’t spend any time worrying about your last tenant other than to get them out quickly. Focus on getting your property flipped and ready for your next tenant. Each month your property is not rented (to a good tenant) is ~8% of your yearly income for the unit.

Hi Joe, My wife and I like the Cascadia Investors Alliance - North End Edition. It’s usually the 4th Monday of the month up at Bob’s Burgers in Marysville. Kelly Soderlund host it and it’s a good way to meet up with other investors in this area. You get the chance to talk with other investors doing interesting stuff and no ones trying to sell you on some get rich quick scheme or their latest seminar. It’s a bit smaller group than some of the other meet ups but it makes it easy to chat with people and get your questions answered. Hope this helps.

My wife and I have section 8 tenants in our properties. We filled out the requested forms and other than getting the initial inspection of the unit have had no problems working with this agency. The rent gets deposited on the first business day of the month and the and the case managers have even assisted in getting tenants to follow the rules of the lease. Vetting of potential tenants is still the key to making this workout successfully for all parties. Hope this helps.