All Forum Posts by: Latanya Richardson
Latanya Richardson has started 2 posts and replied 4 times.
Post: Determining Class of House
- New York, NY
- Posts 4
- Votes 2
does anyone what factors are used in determining the "class of house" when purchasing property? I am referring to the following article:
Ultimate Rule: Better Tenants = Fewer Management Problems
The ultimate rule to help you reduce bad tenant situations is to lease to better tenants in the first place. Even the best property manager can only play the hand they’re dealt. When you lease to a problematic tenant, you will get problems.
In contrast, when you secure a great tenant, the need for management and the hassle associated with it goes down dramatically. If you want to get better tenants, you must do two things:
- Buy higher quality properties.
- Have a solid tenant screening process.
The quality of the rental property is the largest predictor of tenant quality. When you buy a property in a C, D, or any-of-the-subsequent-letters-that-follow location, you are also making a decision about the types of tenant you will attract and the level of management required for that tenant.
THANXS!
Post: Home Ownership Doesn't Build Wealth
- New York, NY
- Posts 4
- Votes 2
I am new to REI and I inherited a home years ago and I just recklessly rented it over the years. Now that I am learning more, I want to re-hab the property, bring its value up and then rent it, any suggestions on how to obtain financing to do this other than the conventional or traditional way?
Post: New Real Esate Investor
- New York, NY
- Posts 4
- Votes 2
Hi Everyone! My name is LaTanya and I am new to Real Estate Investing and the Bigger Pockets Community.
Post: Do I need to be "concerned" bout Big Pockets forum members?
- New York, NY
- Posts 4
- Votes 2
Originally posted by @Michael Hayworth:
@Russell Brazil has a point. Some people are on here to generate business, but they mostly do it by actually being helpful. And some of them are legitimate experts in their field.
But the prevailing sense I get is that most people on here aren't even looking for business - they're engaged in give and take, they both get help and give help. I know I try to help people because other people helped me when I was new and clueless. It's rare for me to ask a question anymore, but I still do occasionally, and people help me. And even after years of doing this, I still learn things occasionally just by reading the threads. That's a good community.
Like anything else, there may be people taking a predatory approach, but don't assume everyone being helpful is out to take advantage of you.