Calling all (successful) Low income (class C / D) investors
Please share your systems and tips for successfully running a low income investment strategy. Especially around rents, maintenance, evictions, tracking expenses etc.
I recently purchased a few low income properties that of course looked great on paper. But Reality is hitting and realize I don’t have the right systems in place to deal with this class of properties.
Rent is ALWAYS late.
Utilities not paid (in this town the water bill must be in the owners name)
Constantly something that needs to be fixed.
Tenants not taking care of the unit and I’m responsible. Just had 2 section 8 re-inspections and there is a laundry list of items to fix.
I KNOW I can be successful in this. My properties are actually on nice streets even though the overall areas isn’t great. It’s very block by block here.