All Forum Posts by: Xin Z.

@Michael Hicks  Great advice!  You are right on that she will probably make a even lower offer after the inspection.  The house is cash flowing fine right now, so I guess there is no need to do the inspection under the current situation.  Thanks everyone for your comments!

The tenant wants to stay if I decide not to sell it.  She pays her rent on time but has been quite bossy on small stuff.  I try to adhere to the lease agreement and not to let her personality control it.

The current market has very little inventory.  It will be very hard to find a similar investment deal now if I sell it.  Guess I will just tell her I am not going to sell at this time.

Thanks @Brian Gibbons @Joe Schwartzbauer for your comments!  I bought the house just last year in a class A neighborhood with very good schools.  My goal was to hold it for a long time because I believe the area will appreciate due to strong job growth and good schools.  This tenant is very interested in buying the house but her offer number is $10k lower than my purchase price.  I have done some rehabs to the house before renting it, so the market value is even higher based on comps.  

My tenant wants to buy my house but comes up with an offer lower than market.  She said if the inspection finds everything is right about the house then she can consider a higher offer.  Should I allow her to hire an inspection on the house?  

I don't have any plans to sell the house myself but the tenant is very interested in buying it.  Your comments and advice is greatly appreciated!

Hi all,

With the interest rate so low for the past few years, is it a good idea to pay off the mortgages early?  What are your thoughts on this?

Thanks for any insights!

Hi all,

I posted my rental property on craigslist for several weeks now without a good potential tenant.  Now a prospect contacted for a 6 months lease.  The reason is they are building their house right now and planned to move in 6 months. 

Would you allow 6 months tenant in this case?  Although this is not winter time, I feel like after schools start, the interests on my rental have been much less.  If I can move on with this tenant, usually what is a reasonable premium on top of normal rent per month?

Thanks so much!

Thanks a lot for your comments!  I will pass on this tenant.

Hi all,

I have a potential tenant who had credit issues years ago.  I normally charge two months deposit for tenants with bad credits, but they told me they can't fork up so much money at this time.  Should I accept them with just one month's deposit?  Is there any other thing I can do to help prevent future problems?  The house is in an A-/B area.

Thanks a lot!

Thanks everyone for your comments!  What you said makes sense to me.  I'll tell my contractor to proceed to change the lock and begin his rehab job.  

@Andrew S. I thought the locksmith has a special license to do their job and not sure whether any contractor could do the same thing.