All Forum Posts by: Account Closed

@Robert Sepulveda - Gosh I hope you are wrong.  I have the knowledge, skill and confidence to rock a market like that when/should it happen again.

What does rentometer say the rent is for that area?

Want to get it cheaper?  Jimmy the lock an put a dead cat in the middle of the floor.  The smell alone will drive most people away.  Remember, "Caulk and Paint make it what it Ain't."

I love homes like that.  I am going to gut a ton of it anyway.  They smell.  They are messing.  They are ugly.  They are cheap.  I'd take it all day long.  When I am done, people will be literally fighting to move into it.

 I am 100% OK with them paying a late fee.  I file for eviction on the 16th.  If everyone pays on the 15th, I get an extra 5%.  I am cool with that.

Landlordology for the WIN.  In NC, you can charge 5% after 5 days by law.  Texas appears to say "a reasonable" late fee.  10% seems reasonable to me.

Currently have 7 rentals rented + my primary home.

I have an 8th that needs a complete rehab.  Roof is leaking inside.  Home has been vacant for at least 12 years.  1100(ish) sq ft 3/1.  I have 2 homes already in that neighborhood. 

I have what I think is a 9th.  Vacant 5 years.  Haven't been over there to really evaluate it yet.  Need to get my taxes done.

I have another home I am trying to get.  It is about to be foreclosed.  Same neighborhood as my other 2 mentioned above.  Note holder offered the guy $1200 for deed in liu.  I want to get them to short sell it.  Real POS, but will rent well.

Found another on the MLS that is a short sell, but there is a complete lack of homes and it will go for way too much.

If it is real estate, it can be purchased sub 2.

landlordology dot com

I never paint it unless it is 1) trashed or 2) already painted.  In the long run, unpainted should hold value better.