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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: eliandjax1 on May 06, 2014, 07:01:09 PM

Title: contemplating investment properties
Post by: eliandjax1 on May 06, 2014, 07:01:09 PM

Hi all,

  I was considering investing in property. One of my main concerns is turning tenants. I know the best way to avoid issues is to propery screen tenants however what steps does everyone take once removing a bad tenant or just having to rerent a units and costs involved. Is it just painting and cleaning carpets or is it more involved?

Thanks

Title: Re: contemplating investment properties
Post by: arebelspy on May 06, 2014, 10:04:04 PM

Quote from: eliandjax1 on May 06, 2014, 07:01:09 PM

I was considering investing in property. One of my main concerns is turning tenants. I know the best way to avoid issues is to propery screen tenants however what steps does everyone take once removing a bad tenant or just having to rerent a units and costs involved. Is it just painting and cleaning carpets or is it more involved?

Depends on what the unit needs and how the previous tenants left it.  Sometimes nothing at all, sometimes a minor rehab.

If it's a decent property with decent tenants, it usually doesn't take that much.

Turnover sucks, so find a way to keep your good tenants.

Title: Re: contemplating investment properties
Post by: SDREMNGR on May 10, 2014, 07:51:45 AM

Depending on how bad the tenant is, you can just ride out the lease or if they are not paying rent or breaking the lease, then you can evict.  I'd say find a good eviction lawyer instead of diy.