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Cordell M.
  • Investor
  • Narvon, PA
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Budget Letters/Info. to Tenants

Cordell M.
  • Investor
  • Narvon, PA
Posted Sep 16 2014, 17:30

Recenty I've begun investing in a lower income area (row homes under $35K for three bed, two bath) with some neighborhoods better to buy in, others better to avoid like most places.  Has anyone given letters to new tenants (we have a property manager), with basic budget resources (ala a Dave Ramsey), with the discaimer we are not financial advisors and reviewed by our attorney.  Goal would be to create a win-win of making tenants aware of solid fiscal practices (w/o being condescending) for a better life for themselves and indirectly also hopefully helping them plan to have money at the beginning of the month for us. 

Thanks for the insights!