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Before allowing any tenant possession to your property, make sure you have accurate information from their application - cell phones, emails, work addresses and phone numbers, emergency contacts - and take the time to update them when they change.

when I was getting going it was doubly tough be cause we had no cell phones..

We're in a small town where I know all the contractors personally, have their cell phones, know their family, and usually know their home address, so my risk level is pretty low.

Dave, yea I'm on my cell phone so it was hard for me to scroll back and forth to see who said what.

The tenant showed they didn't view me as important, so they made a choice to prioritize say their cell phone, over me.   

This letter of intent is in no way a legally binding agreement between the Purchaser and the Vendor.Sincerely,XXXXX XXXXXX_____________________________________The above terms are accepted this ___________ Day of _______________, 2007_____________________________________XXXXX XXXXXXPhone: (780)Cell: (780)Fax: (Email:=============================================

.$3100- $1600 = $1500 cash flow.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

They can be a pain in the *** at times, but they've improved a lot since January when they started.Feel free to give me a call, the number on my tag line is my cell. 

This subject has been discussed in The Journal which is the only industry trade publication, in the Allen Letter and the Allen Confidential as well as in The Chattel Finance Newsletter.