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All Forum Posts by: Redrev Romano

Redrev Romano has started 0 posts and replied 3 times.

Doris, thank you for sharing your experience. It is unfortunate to hear that this has not been an ideal tenant. We do our best to set investors up for success. The biggest variable with owning a rental property is often the tenant. We understand that the tenant has caused more than expected maintenance, and has been late on some rents. It is good to hear that the tenant has been made whole on rents that were late so far. We would like the opportunity to see if we can assist in covering some of the maintenance beyond what is expected even though you have owned this property for quite some time. We are also here to assist in discussing the best path forward with this tenant regarding lease renewal or not. Likely a higher rent would be achieved if you did not renew, and the goal would be to have a tenant that does not cause additional maintenance by taking care of the property & paying rent on time. We have reached out to you to schedule a time to discuss further.

Post: Rent to retirement review

Redrev RomanoPosted
  • Posts 3
  • Votes 6

That is very interesting! Best of luck to you.

Post: Joint FHA Loan with Brother

Redrev RomanoPosted
  • Posts 3
  • Votes 6

@Dimitri Paspalaris Yes, but your brother will have to be on the loan as well.