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Paul,

I would recommend talking with acouple of apartment complex's. Tell them you are interested in buying one or two rental properties and would like to know how the market is for them. This is a starting point.

Marc
www.greenfieldent.com
Purchasing without competition

Takleberry is right! Dropping the rent a little and maybe offering $100 off first months rent may be enough of an incentitive for a renter.

I would also recommend advertising online. You maybe able to get people who are out of state interested in your property.

Marc
www.greenfieldent.com
purchasing without competition

I have a question I would like to ask.

I have been wondering, I am currently going through an eviction with a tenant and this tenant knows how to work the system. I am assuming this person has been through it before.

I would like to be able to warn others about this person and did not know if there is a website that could do this. (Legal?) I don't know if you can list names of people who work the system and try to live at places for free. Until the sheriff comes to move them out!!!

Marc
www.greenfieldent.com
Purchasing Without Competition

At the most it will take about a month to fill a vacancy in my area. Again some months are harder to rent than others. For example, during the month of November,December and January - these are very difficult months to rent. Noboby wants to move around the holidays and incentives or not , the unit may stay vacant unit February.

I try and tell my tenant that getting out of the lease during the holiday is not an option.

Marc
www.greenfieldent.com
purchasing without competition

I have tried incentives before and free give aways do not work! They are a waste of time. The most I will do is $100 off first months rent! I feel giving a month free is just too much.

Marc
www.greenfieldent.com
purchasing without competition

It is always a good idea to look at everything about a prospective tenant. For example, make sure they have a good job and have been employeed for more than a year. Also, I would recommend asking alot of questions - I get more information from prospective tenants than you could imagine. Make sure your questions are straight forward "Have you ever been evicted before?" I have had some people say yes to this question and my recommendation is to walk away.

For credit checks I use CreditRetriever.com I feel their prices are fair and the report is very easy to read. You will also get the report immedately there is no wait time.

Hope this information helps you out.

Marc
www.greenfieldent.com
purchasing without competition

Sounds like you already know where you want to head. Your parents since they are already in the field will be able to give a wealth of knowledge. Good luck!

Marc
www.greenfieldent.com
Purchasing without competition

Bryan,
Excellent way of putting it. I would say my rental properties are B decent rental property with big to moderate cash flow with minor hassles.

There are always the exceptions with tenants, some good and some bad that you have to stay on top of.

Marc
www.greenfieldent.com
How to purchase real estate without competition

I try to distinguish myself from the other people by repairing things immediately and having a repair person to look at appliances the next day. I do offer some amenties in certain places like including heat and hot water.

If you clean up the rental place by painting and clean the carpets I would recommend to ask for higher than normal rents. The worst that can happen is if you think you are too high in price then just go down alittle bit.

I have had great success in getting higher than normal rents but I also take pride and care of my rental units. In return, my tenants have better jobs to afford the unit and I think a better quality of person (meaning not have to evict them).

I hope this helps you.

Marc
www.greenfieldent.com
Purchasing without competition - real estate investing

I decided that I wanted to rent a property inorder to continue to have a positive cash flow every month. Again, you do have to do your homework in regards to how much you can charge for rent but I have my rents a little higher than normal which usually gives me a better tenant that can afford the place.
I know this is a short response but I need more information from you and how much time you have to do some research.

Please feel free to contact me at [email protected]

Marc
www.greenfieldent.com
Purchasing properties without competition