Even a new $200-300 appliance, like a BBQ, as a bonus if they sign a new lease for the increased rate, will more than pay for itself if it keeps you from having to turnover the unit(paint alone can get pricey, not to mention 10 years worth of repairs, to get the unit marketable)hope this helps and best of luck!

Sometimes they are understanding and sign a fresh lease at the higher rate, and sometimes they simply can't make it work and choose to leave.

Home has new roof, floors, water heater, painted overall well kept and owned by a handyman who wants to relocate to be with family.Asking :97,500$ Open to any financing options, located in good neighborhood, in Montana and local homes in the neighborhood is going for 140-160kHow should i go aboyt this i feel its strong but i really would love your opinions,thanks

If I purchased a property with a tenant like this I would inform them that rent was going to full market and allow them time to choose to stay or go.

Picking the right property, unpaid rent, evictions, rental unit damage, etc.But for me, my number 1(outside of property choice) was choosing and managing my property managers. 

If you go to college, choose your major carefully.

I can't imagine why anyone would choose to live in New York.

@Son D.Generally:Trade or business interest is not limited, except in the case of businesses with aggregate annual gross receipts of $25 million or more for the past 3 tax years, or in the case of tax shelters (what constitutes a tax shelter might surprise you -- it's painted with a pretty broad brush). 

When you guys estimate costs, do you have a "minimum estimated rehab cost", meaning even if the house is in good condition, there's a good chance you'll have to do some touch ups, maybe some new paint or carpeting before you start renting it out?

Gel stain or paint?