My wife or I go over (we live 10 minutes from house) and change the code about once a quarter.

In the meantime you may want him to be happy enough with a little rent reduction so he does not go running off to some Tenant's Association complaining about water in his living quarters.

Next month I will close on my fourth duplex in the last 12 months.

The fact that I can spend ZERO time in these deals and get paid quarterly is obviously very attractive.But, as you know, easier said than done.

From some research it seems like water sensors near water appliances, quarterly inspections, water proofing under sinks are some ways.

Investment Info:

Single-family residence buy & hold investment in Georgetown.

Purchase price: $173,000

Cash invested: $44,000

3 bed, 2 bath ranch. 1500 sq ft that backs up to woods and green spac...

This will be my fourth rental property!!!

For sake of complete transparency, in Maryland I completed the classes online, joined Coldwell Banker and I am a member of the National Association of Realtor which I recommend:Real estate courses = $225 (PDI Training - one time)License fee = $91 (every 2 years)Realtor association fee = $721 (annual)Coldwell Banker Error & Omission insurance = $765 (annual)MLS initiation fee = $250 (one time)MLS fee = $492 (annual, paid in quarterly due)Sentrilock access card fee = $169 (annual)TOTAL - $2,709.This will vary by state of course, and by brokerage.You'll have some continued education costs as well to keep your license active.

That's because in New Orleans near the French Quarter you make 80% of your money on the weekends and when the weekends rent, depending on the season, if you're left with a Monday/Tues/Wed in between they're unlikely to rent, even if you drop the prices significantly, which I do.

I also am going to break it down by quarter so that we can see some velocity and see where the market might be going this year.