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All Forum Posts by: Bob Romano

Bob Romano has started 21 posts and replied 134 times.

Post: How to determine rental demand in an area

Bob Romano
Posted
  • Investor
  • Warwick, RI
  • Posts 134
  • Votes 99

I just used rentometer.com

they were pretty accurate on what I could get for rent in that specific area.

I lowered the rent by $50 month from what they suggested  and I had it rented out in 4 days!!!

Post: second person on the lease agreement

Bob Romano
Posted
  • Investor
  • Warwick, RI
  • Posts 134
  • Votes 99
I always tell a possible tenant that as long as 2 adults are living their, both names have to be on the lease and credit check on both of them must be done, even if they are not married.

Post: New investment property

Bob Romano
Posted
  • Investor
  • Warwick, RI
  • Posts 134
  • Votes 99
Thanks John!

Post: New investment property

Bob Romano
Posted
  • Investor
  • Warwick, RI
  • Posts 134
  • Votes 99
We just bought our first investment property! After minor cosmetic improvements we just accepted a deposit on a 1 year lease . After all expenses I am netting $512 per month. As a first time investor, is this a good amount to net per month?