All Forum Posts by: Colton Rickman
Colton Rickman has started 2 posts and replied 2 times.
Post: Investing in a Small Town
- Posts 2
- Votes 1
Hello,
I live in and invest in a smaller town (approx 15k people) and I am trying to decide if I am thinking correctly of the future appreciation or if I am overlooking things because i want to believe my town is the next big thing.... a few years ago the hospital got a major addition and tripled in size. Now we have a 200 million dollar race track with hotels and restaurants being built and will have NASCAR in 5 years or less. Lots of restaurants and improvements to businesses in the downtown area and it seems that the city is trending in the right direction for longer term appreciation. My question is, is it worth investing in a smaller town if there are signs of these major improvements or is it better to pursue investments in more established cities?
Post: Renting to Community Living Program
- Posts 2
- Votes 1
Hello,
I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.
So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses. This money is sent to a company that acts as the custodian and makes sure all the tenants bills are paid on time. The custodian is who applied to my rental and also the one that came to view the property to ensure it is ok for the tenant. They seemed like very nice well put together people. They mentioned he is single and quiet which is ideal for a landlord haha. The custodian will check on the property/tenant every week to make sure everything is taken care of. Any thoughts on working with a custodian company? They mentioned the custodian is who will be on the lease (I am not sure if the tenant will also be there, seems that the custodian acts as the guardian in this case) and that they are the ones who pay the rent.