All Forum Posts by: Billy Rogers

http://www.coreprop.biz/contractors.htm

This is @Dawn Anastasi s list

I would make finding the property manager the second thing after deciding on a market to invest in.  

Does your rental contract specify any fees for breaking the lease?  The dad has nothing to do with your lease unless he is a cosigner.  If the contract specifies damages for breaking the lease tell him what they are.  It sounds like that's what he's asking, and I don't know why he would ask unless he is considering paying it for his son.  You're lucky there's not a bunch of junk left there that you have to store for three months.

Sounds to me like your tenant moved out and had his dad call you.   I don't know the laws where you live, but I would handle it like anyone else abandoning the property and not paying rent.   As soon as you legally can, check to see if the property is damaged and get the locks changed and rent it out again.

You could call the police and ask them if there was a missing persons report filed, or did the dad say he hadn't filed a report? 

Jeff,

I live in Euless and can drive by.  Send me the information and I'll check it out.

Billy

No.

Hi Nathan,

Welcome to the site.  I invest in Omaha and have a similar investment strategy.

thanks Chris, that's good to know. 

I would get an inspection on all of them just to make sure you know what needs to be repaired.  I agree with Arlan, long term tenants are a plus. 

I've never heard of the Section 8 Bible, so I'll have to check that out.  I have two rentals that are section 8 and surprisingly they run a lot smoother that my other rental property that's in a much more expensive area.  My plan is to buy a lot more them.  I am very careful of the location and condition when I buy them which is very important.  I don't think this strategy would work well if you bought in hard to rent areas.