All Forum Posts by: Billy Smith

They still have bidding wars on "A" housing just talked to my tenant moving out.

I think the market I am in has a lag might take a while before it really hits.

I do read about the tighten of the belt just a matter of time of it keeps going on.

I took a position in the stock market in waves on down days.

If the housing market really hits hard I will then sale my position in the stock market and buy into SFH in the housing market that I play.

I prefer the housing market best.

I am still confused why folks don't use a 3 party to do back ground checks.

I pay $35 per adult for information that could save me thousands of dollars.

CJ its the fact I have the old renters living there .I don't want to risk exposing them .

I have pictures on file its a Ato B area should rent quick knock on wood .

I am going to show my rentals after the tenants move out.

It will Cost me a months rent or more.

I read up on the laws I could justify showing it while they have renters but not going to take that risk.

Landscaping ,fresh paint ,go to Home depot buy some new out door lights !

I heard Denver area was hammered in the short term rental market .Seen nothing around KC about it .

Originally posted by @Kirk R.:

I had a clogged toilet from a young renter trying to flush wipes like this down the toilet I had to clean the line out cost a little over $200 to get it done.This was a few year back .

I avoid felonies ,well if he is a truck driver they have a steady job and  must tow the line or  they get yanked off the road .

Might dig deeper about the charges see what he says and what you pull up on your back ground check if you want to rent to him .

So, the lenders put a value on the virus risk that bumped up the rates.

Now we know why a paper for a rental is a higher rate plus more down payment you have risk on top of risk.

Look at this as a stress test any company, person that cannot take a 1 to 3 month hit of no money will it be weeded out, or put on shaky ground ?

The have always said you need 6 months of emergency cash on hand for such an event or the ability to move around money or assets.

This is a shakedown cruise for a future pandemic that could be worse.

Wondering how long it will take to see prices of SFH drop not seeing it yet, I am sure there is downward pressure now behind the scenes.

The oil companies will be changed, airlines, cruise lines, retail will keep changing just now accelerated.

We had huge apartment loft types that popped up like weeds, I look for those to be hurt how bad we will see next 6 months.

They choose to build these more profits then SFH housing?