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Updated over 5 years ago on . Most recent reply

User Stats

59
Posts
5
Votes
Alan Hicks
  • Investor
  • Lawrenceville, GA
5
Votes |
59
Posts

Turning a new leaf...

Alan Hicks
  • Investor
  • Lawrenceville, GA
Posted

Alright. Previous tenants have moved out of my rental. Was paying $1150 vs. a mortgage of $941. So not much meat there.

I had 2 options..
1. Double my cash flow by raising the rent to $1350/m

2. Just sell the house

I created my free Zillow listing, had a 3 hour open house and received 8 applications on the first day.

I selected the best applicant and got the lease agreement signed and security deposit on the same day... ALSO.. they signed a 2 year lease.. even better..

Looks like I am keeping it for awhile longer !

So instead of paying $941/ and I paying $1350/m to chop down the balance.

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