Managing C Class Property Best Pratices

[Ben Smith]

I would like to know what your best practices are for managing a C Class property?  

Also, any warning signs to look out for?

[John Underwood]

@Ben Smith

Proper Background checks

Larger deposit than 1 month rent

Start evictions quickly when they are late to train them not to pay you last

I have them deposit rent in my bank account - minimizes excuses for late rent

Train them to text you not call you to keep from getting caught up in their drama

Have a good support crew (Handyman, HVAC person etc) that you can text to go handle repairs

If they can't pay full move in money - don't rent to them

The ones that plead with you to rent to them you should run from

These are best practices just off the top of my head.