All Forum Posts by: Amy Leonard

Thanks for the feedback, @Ned Carey! I like your advice. I looked up the app who just sold the house, their property was meticulous and well maintained. The other 3 are coming from apartment complexes that are higher end, comparable rent and are selective with tenants. Really wishing I had 4 available SFH right now.

Hi Karl! Great thoughts, thanks for sharing! It’s a very competitive, strong rental market. Usually only 1-2 units open in the school district at a time. The SD has had a 15 (and counting) year ban on building multi units and no apartment complexes in the SD. Very little affordable housing and families are pushing to enter school district.  

Top school district, B+ property 1824 sq ft 3bed/4bath $1525 rent. 6 apps in 2 days on the market. 2 are top tiered apps a landlords dream, credit in the high 700s, one is selling their house to start KG in our school district, $90k salaries, no pets, job history 7+ years. Both have shared they are hoping to buy a place in the next 1-3 years. 2 are decent apps make in the $60s, credit high 600s, 1-2 yr employment and have both stayed at their current place 5-7 years so seemingly longer term renters. 2 apps disqualified for income. Would you take the top tier and maybe turn over in 12-18 months or take the less attractive for a possible longer term rental? 

My husband and I take our mortgages just in our individual names. We do title in both. Only hurdle we ran into so far is that the tax liability for his property just counted as a part of my debt to income ratio to qualify for my rental property. Because we are both on the title, we are equally liable for the taxes. 

I love all of the comments on here about giving your wife 1/2 of your RE. Pfft I had to pay my ex $130k and we made the same amount. And I’m struggling to get my current husband interested in RE.