My very first tenants skipped out on me (leaving 42 bags of trash behind) and, not knowing what to do, I wasted time going through the eviction process to "legally" get the property back in my name (I did remove the food from the frig because they had the power turned off).Now I would do things differently (and have) and this is what I suggest your brother does. 

IT"s a not win situation.SIMPLE and EASY no pets,, people don't take care of them , if they cant afford cat food they cant pay rent. same for dogs.DONT start don't even think to start letting pets in the door.40 years of property ownership and management..

Hi everyone - I'll be meeting with a Kitchen Consultant professional this week for a Q&A to answer any general questions investors, developers, and others in the BiggerPockets community might have about creating food and beverage (F&B) amenities, specifically for hotels.

If $850 @ per month is your goal you might want to consider getting an $SSI check and even food stamps.

Maybe worrying for nothing but food for thought.trust owns property ---- MMLLC holds beneficial interest in trust ----- MMLLC "membership" is made up of my single member LLC's Obviously everything is based on risk exposure and risk tolerance.

We never seem to have any tenants tell us it was either food or rent. they know if they pay rent they can still eat.

Also the more expensive homes can be good rentals also but realize that the higher up the "food chain" you get the more challenging it is to find qualified renters to put in your property. 

Grace Porritt ,it is illegal to host an open house for a Realtor all by yourself without a license.Under the law you can do everything for the Realtor except talk to the visitors about the property or attempt to persuade anyone to buy that property or any other property.You can serve food and drinks,set up and take down the signs around the neighborhood,Greet guests and have them sign the registry,keep their children occupied while the Realtors work with the adults,and basically guard the front door while the Realtor walks through the property with the guests.You can never answer any questions whatsoever about the property.You basically have to say " the Realtor will be with you shortly" and "Thanks for visiting today".

Food for thought (in case you're losing sleep over the subject): If your landlord preferred a one year lease he would not have allowed the mtm....unless your lease was up in Dec. and May in your market is the best time for turnovers.

The biggest way to maximize cash flow is by leveraging-- rather than paying cash for a property or two.Check this out-https://www.biggerpockets.com/renewsblog/2015/04/1...In there it breaks down the math differences between paying cash and leveraging.Just food for thought!