Account Closed

You need to complete your own Annual Property Operating Data (APOD) on the properties.

Martin@Al Williamson@Andrew WongI own a couple of SFR's in SF that are on annual leases.

Note that I annualized this to make it fit, as well as make my life easier.

Again, we don't want to be slum lords, we want our tenants to feel at home and happy.Very early on, we noticed she was testing the waters to see what she could get away with and also, I don't think she likes us holding her accountable to the rules and being around her age or younger.

That seems like a turbotax nightmare lol, time for an accountant I suppose.The other option would be for us to just pay cash which is an option as well and would eliminate a lot of these issues.

I also look for a minimum of 8% CoC return.In my market there's not a lot of appreciation (maybe 1-2% annually, if that), so I'm looking at cashflow and loan paydown as being the primary wealth generators.

Instead of focusing on the attitude of your 7 year tenant and the $200; read a few of the many horror stories off BP ... and also know that some landlords deal with annual annual and biannual relets.

I've had this account for a while, but haven't come across to using it until now.

The purpose of the security deposit is accountability.