All Forum Posts by: Steve Kline

I had a tenant that caused a fire in a rental house. She had no renters insurance despite our strong encouragement to do so. Results:

1) Tenant was essentially left homeless (single mother with a child).

2) Insurance company paid out $38,000 for fire restoration to property owner ($2500 deductible).

3) Insurance company lawfirm is now pursuing the tenant for damages = $38,000.

Real estate values are currently high but interest rates are low. When the market 'turns' it will likely be because interest rates have increased. The point is that generally the market buys real estate based on a monthly payment. The monthly payment in both cases will be about the same and a buy and hold strategy for monthly cashflow works in either market condition. The difference is that if you buy in a low real estate market with high interest rates, you will have the opportunity to refinance into a lower interest rate later. Thus you may be able to enjoy both a low purchase price and a low interest rate.

Kline Properties Inc can provide you with reliable, responsive property management. Incorporated in 2002, we have the experience and systems to excel. Contact me, Steve Kline, at 317-640-3360 to discuss.

I have been using Rent Manager software for over 10 years. It is very powerful and customizable. I can recommend this software enthusiastically.

Hello Everyone,

My name is Steve Kline and I am the principal broker at Kline Properties, Inc. We are a real estate brokerage focusing on property management and general contracting. We are accredited A+ BBB member and have ben in business since 2001. This site looks pretty interesting. I look forward to getting some deals going.