All Forum Posts by: Katie Rogers

"It's not worth the hassle for a rental, but I wouldn't hesitate on a flip"  If it worth the hassle for a flip, it is worth it for a rental.  See, what tenants want is a home; what landlords offer is basically a place to camp out.  Offer a tenant a nice home, at reasonable rent, screen carefully, and you will have an appreciative, long-term tenant.  Isn't that what landlords really want.  Focusing on the money will get you some money.  Focus on the Golden Rule and more money will follow.

"Of course, don't expect for this to work with a single phone call. You have to establish the pipeline. You got to do some work. You got to establish enough credibility with an eviction attorney so the attorney sees you as a legitimate real estate investor and solutions-provider. You got to follow them up."  Exactly how do you establish a pipeline?

I would also want to know why a particular landlord is having so many evictions they are motivated to sell their house.

How on earth does a house develop a cat pee problem at all, never mind all the way to the sub floor?  I have had cats all my life.  They use the littler box or go outside.

Randy and Ryan, In a normal, free market world, market rent would have to be reasonable, or landlords would lose to competition.  In communities like mine, the median wage of tenants is $15/hour.  The median rent is $1500.  Therefore,  landlords are charging rent that requires a salary of $25/hour to afford. Meanwhile, landlords say they are doing tenants a favor and charging cheap rent because if they charged rent that would actually give them a positive cash flow, it would be even more.

I would also evaluate the rent I am charging relative median salaries of tenants which is generally public information.  As a former tenant, I appreciate landlords who are less concerned about "market" rent, and more concerned about "reasonable" rent.