Investor · Cottonwood, AZ · Member since 2015 · 287 posts · 57 votes
Is anyone out there a financial adviser? I have troubles, one rental renting way too low, great tenants, termites, losing money every day. Rent to own? Evict and fix? Tenants have bad credit and no down payment. Its out of state for me too I gotta get out of this mess.
1) Notify the tenant of an increase in cost, if they don't agree, ask them to leave or evict them if necessary.
2) Do a full inspection of the house and prepare to do some maintenance and keep up with it, I actually have a resource in this department that helps coordinate maintenance on your behalf so let me know if you want my recommendation
3) Reach out to a qualified leasing agent or a property manager who does 1 time leasing, OR screen tenants by using services like Naborly that do tenant screening for you. This lowers the risk of getting sub-par tenants.
The current tenants are reliable and they are good people, I dont want to just throw them out for new ones, I am wondering if there might be a way to creatively sell the house to them.