All Forum Posts by: Ralph Pena

I don't believe you'll get them out as fast. But make sure you have all of your paperwork correct for eviction. On top of filing another eviction for breaking lease, if there lease is up serve a notice to not renew lease and vacate. If they'll allow you to file another eviction for breaking lease I would, just in case they come up with the money to stay.

I'm waiting for book to become available on Audible. I know I might miss out on some bonus content. But I'm waiting.

goodluck on this one. If you find someone this good please let me know. You might have a better chance checking out one the D.I.G. meet ups.

Also when people call I not only post the tenant requirements in the ad, but I also email the  requirements for a accepted application and to qualify.  It saves so much time,  I barely answer the phone.  I reply to phone calls and voice mail with a text.  Telling them the open house date and time.  And if they want I can email them my criteria.  If not they can pick them up when they come see the property. 

And the only way to get a application is to pay for it first and the processing is free.  It saves me paper and ink money.  Because everyone will take a application but will never come back.  I'm all about making my rental business easier and smooth. 

To not worry about no shows I only show rentals open house for 2 hours.  From 630-830 two to three days in the week and from 12-2 pm on the weekends.  

I don't put a sign in the yard because it only makes my phone ring to only be questioned.  If someone was looking for a place they will go online mostly now days.  I don't want the sign to cause someone to break in because they know it's vacant.

As far as pricing goes,  if you are aggressive and 25-50$ less than the comps you're phone will blow up.  Hope this helps. 

How has the investment property hunt coming along 

If you can't afford to keep paying out of pocket with renters occupying it. It'll be twice as hard with the property not making money. When did you purchase? If it's a newer purchase, it may be much more difficult to sell a home you don't have much equity in without coming to the closing table with money to close the deal. 

Depending on the situation I would say 1.Keep the place rented and wait to build more equity into the property until you can sell without loosing.

2. Try to sell with tenants living in property (much less desirable with home buyers, but not impossible)

3. Don't renew lease , put on market vacant. And pray for a quick sale

4. Sell property on rent to own terms. This way less landlord duties and responsibilities. And also beneficial to potential buyer who may not be able to purchase without this at the time. 

@Account Closed, that is a tall order. But in the same sentence your not being specific with your buying criteria. Such as what area and what type of returns your looking to make. How your purchasing, or what your looking to spend.

I like zillow.com, and Trulia.com, and Craigslist, I'm also a licensed realtor so I use the MLS. But b4 I used trulia, it's buyer friendly. U need any help feel free to reach out.

Kool man. U didn't think about buying your own personal residence?  My opinion is u just never know how the living with family thing can go. 

But that's great,  how have you been finding your properties?  Are you using the resources and refferances from places like BP to analyze your properties and manage?  I  also refferance back to MR.Landlord.com