I do a combination of 2 things to increase the effectiveness of this technique.Leave them a message and say "Hey Jim, I am interested in your For Rent house so I mailed you a letter and you should receive it tomorrow.

I always looked at what was time effective for me to do, and how good or bad I would feel about the result versus the cost.

Direct mail can be a huge expense with little return if not done effectively.

Obviously, I would try and market my self the first month or two if little or no response list the home with my agent. 150k at 6% is 9,000 now were at 131,600 the lowest comp is 149,00 and the highest is 167,000.

To utilize this strategy most effectively, use an entity, an LLC partnership is recommended for rental properties.If you are looking at projects requiring rehab, you can take private money loans at set interest rates (similar to a HML) use their funds to rehab the project, then refinance and cash them out.

Failure to negotiate satisfactory short sale terms within 120 days of the Effective Date (as defined below) shall cause this agreement to be null and void at the option of Seller or Buyer and all deposits will be returned.

Is your marketing effective at bringing in prospects?

This is not cost effective as I'll have to hire an attorney.c) let her break the lease, pay me a little $ to get her walk away, change the locks and get a new renter in there.d) let things continue as is not really knowing if this punk is tearing my place up.The choice is lease resistance (i.e., the least financially) seems to be choice B.Any thoughts?

@Jason HansonDo you send these letters out to buy for cash, or to list your self?

If so, what is the most effective way, in your opinion, of dealing with these guys/gals?