If they are a "dream tenant" charge them a little less, if not move on, screen well and find someone that will rent at the actual value.

Some investors and property managers require that they underwrite their own tenants so they are in control of their risk without necessarily trusting the screening skills of the previous owner/management.

Screen new tenants thoroughly and get estoppel certs for the inherited ones! 

Tenant screening is also very important so I would encourage you to make sure the PM you select does a very thorough screening process.

This technology has been around for a couple years now, but coronavirus has given the mass population an excuse to finally put this home style working life into the main screen.

Pay close attention to tenant screening and yearly inspections like the videos say and watch the video with the section 8 landlord with 70 rentals!!

You’re trying to determine your cash flow I assume when making these calculations so you need to look at both sides of the ledger: what goes out (expenses) and what comes in (rent).If it’s a good property and you screen well, maybe you have one month vacancy every three years.

From my experience, I've seen investors absolutely killing it from SEO, PPC, Direct Mail, Txt, RVM, Cold Callers, Door knocking, Bandit Signs, even TV & Radio.

You would just need to screen very well and be prepared to have a little more work to manage the property than say a single family home out in the suburbs. 

I’m a 1st time landlord in Colorado, preparing to rent out my first home. I got an applicant asking if I accept Section 8. While I believe Section 8 is protected here, I have my own minimum qualifying standard that t...