All Forum Posts by: Leslie A.
Leslie A. has started 22 posts and replied 455 times.
Post: $1,000 gone missing...
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
No, no. I'm sorry. All the advice was valuable just wasn't the most direct solution to the problem. Plus I didn't see your post. I had written it earlier but not posted it. So, sorry!!!!'
Post: SmartMove Background Checks - FLAME!
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
I've had good luck with mrlandlord.com. I check criminal right on the spot. I have to have dependability
Post: 55+ mafia or dentist nightmare, take your pick
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
My operation is definitely a niche operation. I found there was a great demand in my area for it. And I charge accordingly!!
I rent RVs and highest rent to date is $225 a week--$974 a month. Could probably get more. These guys are paying $400 a week for a hotel.
Post: Rental Applicant wants me to cancel showings?
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
just tell her nope!!
Post: 55+ mafia or dentist nightmare, take your pick
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
I can tell you the day I did my first deal I was terrified, but I survived that day and each has been better since. You'll be ok and in no time you'll be a pro.
I can't emphasize enough to you to get out there and do a deal!!!! If I hadn't done that first one I'd probably still be sitting here reading about it a year later.
Post: 55+ mafia or dentist nightmare, take your pick
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
By the way, the only screening I do is criminal record and proof of employment. That's it.
Post: 55+ mafia or dentist nightmare, take your pick
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
Mark,
There are investors that only buy in top quality parks and those that go low end.
I say try one in the lower end park. What have you got to lose? A few thousand? So what? Big deal. You may have a wonderful experience.
The park where I have 7 rentals is a very nice park by the looks of it. However, it has a very bad reputation as being full of prostitutes and drugs. I of course didn't know this when I placed my first rental there.
However, my experience with renters has been wonderful!! Mine have been awesome. There have been 3 that were jerks, but we've had many, many great ones. We cater to short lease renters, so we've had a good many in our 11 months of business. Never had to evict anyone. Almost every single one pays rent right on time, and that's saying a lot, since we do weekly rent. Now part of that is how you screen and manage. I'm a no nonsense landlord, for sure that's how you make money and have a great experience. A lot of the horror stories are due to the laziness and negligence of the landlord.
Plus, I want to tell you to not be discouraged about your experience with the one park. I have personally been told by 6 or 7 parks that they'd be delighted for me to work in their park. And that was before I'd ever bought anything. Seller finance or even rentals. I currently have 8 rentals in parks.
Keep asking and I'm pretty sure I can guarantee you'll find some too.
Post: $1,000 gone missing...
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
right but part of the reconciling process should be to have the person who writes the receipts match them up with the bank statement then have the bookkeeper match bank statement up to her records.
Post: Any female investors in the East/Northeast area of Houston
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
would love to network!
Post: Troublesome Tenant Fees
- Real Estate Investor
- Houston, TX
- Posts 499
- Votes 206
I tell my renters right upfront I have a ZERO TOLERANCE policy for late rent. Ours are all weekly, due on Friday. I tell them if they haven't paid by Monday they have to move out!! In actuality, that means they'd get an eviction notice. I couldn't really make them move out that day, but I imagine some people believe me.