Updated about 10 years ago on . Most recent reply
My little success (so far) story
Closed on a house at the end of July. Put in new SS appliances, painted pretty much every wall, did lots of little fixes (replace toilet seats, drain plugs, lawn care, etc). Got the house rented at my list price in about a week after putting it on the market.
I pay $670 a month for the mortgage and it rents for $1250. My PM has been great so far, I told them off the bat that quick clear communication is really big to me. They were suppose to waive a fee on the first month but didn't. I notified them and they not only refunded that fee, but also waived all of their fees for the next month. That's how you keep my business.
The tenants are a much older couple who have asked (and I said yes) to doing a few minor things like installing hand rails in the showers and a sink with an extendable faucet.
This is my first investment property and I couldn't be happier. Hopefully the smooth sailing continues.