If they fail to handle it, I will do it and charge them for my time.Another change I made was to add a no-deposit option to all my residential rentals.

His focus was on location, tenant demand, and ensuring the property could handle at least a 1.25 DSCR even in a downturn.

This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.

If so, how did you handle it?

. $1100 for the unit ....do you have an outlet already available that will handle the extra amp draw?

Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.

How did you handle it, and what would you do differently in hindsight?

If you live there you probably have a good handle on the subtle market dynamics.One significant risk of buying any property out of state is that you have a lot less knowledge and first hand experience with all the nuances of that specific market.

I mean I think about it a lot now that we are closing in on 70.. but hey 70 is the new 50 :) And different cultures handle this far differently than others.. this is why you see some new builds catering to multi generational floor plans..

Why not just hire a local real estate agent to handle leasing?