All Forum Posts by: Brent Rieman

 thanks for the reply.  This is my exact concern.  I self manage but I feel I also fall into the too nice of a guy.  

I originally listed this as a furnished rental trying to target the Mid Term Market.  I listed it on Furnished Finder but have not gotten any lead there yet.  I put it up on Zillow for 2100 furnished.  the last unit I listed unfurnished 3 years ago I got 1400.   I got several inquiries for a regular 12 month lease unfurnished even at the 2k price so Im thinking of forgoing the Mid Term Market and just going back to the 12 month unfurnished lease.   Part of the reason I was looking at furnished is that the current tenant has the place very well put together and is moving into a furnished house so I have the opportunity to essentially furnish it on the cheap.  Now I have only had it listed a week but so far Im not seeing demand for furnished. I should add this is a very unique property as it is on lake erie, has phenomenal views and a private beach. But its in a B to C+ City.  A to the east and D/F to the west.  So you need the right person who wants to live on the lake, can pay for it, but dosnt mind the non A location. 

 That is my thought too.  My wife had credit in the 500s when we started dating due to student loan negligence, but now its in the 800s.     As I mentioned above she has solid stable employment, seemed very well put together and honest when I showed her the place and seems like she would really fit into the building. So my only hesitation is the credit.   I plan on checking with the current landlord she had been with for 9 years and asking her for proof of 12 month of onetime rent payment.  

been at current hospital for 10 yrs so solid history 

Looking for advice on a potential tenant.   Ran application through rentredi. No criminal or evictions.  Has been in same rental for 9 years.  Moving b/c landlord is selling duplex and she has always wanted to live in my property. She has emailed me about once a year asking if I have openings.  Im lakefront on lake erie and she lived across road.   Solid income at 4x rent at a good hospital job.  But her credit is bad, 480s bad.  Looks like a bunch of small balance credit cards and such.   She gave me her current landlords info and permission to contact.  If all checks out with him im leaning towards a yes.   Should I reconsider?

 How are you advertising to this nitch?    I've been looking around and see furnishedfinder seems to be the main website for listing and has a few around me.  Ive got a real unique property (lakefront with beach) and would like to find ways to 2x the rent on some of the units. 

 Do you do any of this on the West side of CLE?   I have an 8 unit Townhouse building in a far west side suburb and am thinking of turning one of the units into furnished rental targeting travel nursing. 

Thanks for the advise @Jennifer T. and @Mike Franco.   I have actually had to do this once before.  I had a rental house that I had awesome tenants in, but needed to sell it to purchase the townhouse building I have now. I did a 1031 to move the profit from the house sale to the townhouse building.  It was a complicated mess timing the sale and the purchase and if not for those tenants working with me when showing the property It wouldn't have happened.  As uncomfortable as that was it seemed easier as they were on a month to month lease and had specifically asked for it. 

 @Ned J. I dont think I am going to try that in this case but that is interesting info to know.