All Forum Posts by: Ken Cooper

Thanks @Craig Brouillette i never would have thought of insuring a fence.  

I thought I would give this thread an update.  My trip to Indy went well, and I decided to purchase a property! I should close by mid July, and I already have tenants signed up!

Ken

@Andy Kaye true, that is only one piece of the puzzle.  They are a 21 year old couple, he is a sheet metal company and makes 3500 a month.  she is a student and not working at this time.  They both have good credit, but because she isn't working her mother is co signing.   

The property is in Indianapolis, and rents for $795?mo

@Kalo (Kyle) Atanasoff I don't mind.  Indianapolis.  

Welcome to BP.  I am just about to close on my first investment property in Indianapolis.  If you have any questions fell free to ask.  

Ken

Thank you everyone for your words of wisdom.  Maybe because this is my first rental I am being more cautious that a more experienced landlord.  @Steve Babiak we googled the names on our own and let the PM know.  @Rhondalette W.I have asked the PM for other potential tenants.  

Thank you again,

Ken Cooper

@Dawn Anastasi they are both 21 and the arrest was a year and a half ago.  

@Bill P. They got first, last and a security deposit.  Thanks for the advice.

I am getting close to closing on my first rental property! It is out of state and I have a property manager handling the details for me.  They informed me that they had an applicant that they liked, and that wants to move in July 2nd.  I asked for some information on them.  When I Googled their names the first thing that comes up is an arrest for possession of Marijuana.  It didn't come up in the background check, because it was not a conviction.  So, Would you rent to these tenants? #askBP

Ken

Thanks for the input.  

@Lee Smith no it is not livable, and I probably would not want to make a claim on it.

@Kimberly T. it is not metal, it is wood, one of those that looks like a barn. It has a foundation, but it is small.  Just storage.  

I think I will leave it off of the insurance.  

Thanks,

Ken