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22 February 2025 | 2 replies
If you're not willing to raise the rent on your tenants, I would sell it.
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21 February 2025 | 2 replies
I recommend you go to the source and educate yourself on all the landlord-tenant laws, particularly in an increasingly regulated state like Colorado.Here's a good starting point: https://doh.colorado.gov/landlord-rights-and-responsibilitie...
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21 February 2025 | 4 replies
Screening tenants is like interviewing someone for a job.
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22 February 2025 | 1 reply
One unit is remodeled and empty and the other is not and has tenants paying way under fair market value ($700).
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22 February 2025 | 7 replies
And when a tenant moves out, they send me photos and the turnover fees.
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18 February 2025 | 2 replies
Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.
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22 February 2025 | 6 replies
It assumes the property is Class A - which not a lot of investors are acquiring these days.Here's some copy & paste info about property classes:_____________________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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19 February 2025 | 4 replies
Of the tenants keep it IMMACULATE (do an inspection.)