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Find the property manager who handles the nitche and area your property is in . They know the type of tenants you need . I had a bad proerty manager he always took the side of the tenant and he managed the propery like he owned it not me . I wanted to get rid of him but we had a year contract . So my wife called him at all hours of the day and night with complaints about the tenants and called the PM on the carpet for everything he was doing . In two days he sent us a letter saying he was not able to meet our needs for a PM and quit us . Yeh!

Take a good long look at your property and remenber what ever can go wrong will go wrong . Whatever a tenant can abuse they will abuse . Example I rented out a 4r bedroom house with a pool . They let kids 20 kids a day swim in the pool some with their cloths on with no adult suppervision . First this was a liability and second they ruined the filter . we should have had somthing in the lease about this . We rented this house to 5 people on the lease . First the lady that paid the rent never actully lived there and there was up to 19 people living in the house and never the same 19 people not to mention 2 convicted felons . All tenants were under age and none of them leagal in the country . We should have had somthing in the lease about that . And when we told them we were selling they stopped payment on the rent check and yes we had a deposit equal to one months rent . $7500 worth of damage ouch! so be carefull and please learm from my mistakes .

I always use a property manager . He puts an ad in the local newspaper and a sign on the lawn . He puts an ad on his website also. But the most effective way is the MLS . When you use a property manager make sure he is a real estate agent . Iprefer to pay 5% of the lease one time not monthly fee .

I know of some brand new 2-3 bed 2-3 bath Town homes in Charolette N.C they sell for $117,000 to $164,000 They are ready to rent out with new appliaces and blinds HOA only $95 per month . 35,000 jobs coming to the area . All other rentals in the area were built in 1928 . I have all the data to support the fact that this is deemed to be the next boom market in the USA and is the very reason they were built in this area . The rent is around $900 per month and the taxes 1% of the value .

Section 8 is too scarry for me . My best rental is a senior condo . I get the rent that is due on the first comes from direct from a bank around the 17 th and 27th of every month that is befor it is due . My other rental is another condo I rent to my ex girlfriend . I almost break even on it but she pays me in cash and her boyfriend is an apparment manager and handyman so they make inprovments . The third in which I just sold has the horror story . This was a 4 bed house with a pool . The first week they let every kid within a 10 mile radius swim in the pool and many had thir cloths on . No adult supervision ever . The lady who rented the place never lived there . Whole families move in and out all the time . 19 people lived in the house and only 5 were on the lease and none of the 5 lived there . No adult lived there all were under age and most illigal ailens including two convicted felons . There were several drug raids . And this was not even a section 8 . We put $22,000 to rehab it when we moved out and used it as a rental . In only 2yrs the brand new carpet was ruined and never cleand once . We had to put $7500 back into it just to have it look the way it did before we rented it just to sell it . When we gave the tenat notice of sale she stopped payment on the rent check . The lesson I learned big houses are a thousand headaches senior condos are a pice of cake renting to your ex so so .

If you have a high crdit score say over 750 you can walk in any bank and walk out with a great rate and very little paper work . Is is good for 15% of the people in the country . The other 85% should use a broker because he can find you programs the banks don't even offer and lenders you can not go direct to only through a broker who have programs you can't get in a bank . They will also shop different lenders for the best rates for the program you are looking for . For instance one lender may have the best rates for an option ARM but not for a 30yr fixed . Lets say you went to a bank and picked their option ARM then wanted to change to a 30yr fixed you were getting the best rate you could find for the option ARM from that bank but they did not have the best deal for the 30yr fixed . A broker would use a different lender than the one he picked for you for the option ARM because he knew the lender that had the better rate for the 30yr fixed .

www.vlender.com/h/hm002 Go to mortgage resources click on links and then click on turnkey investments and then white paper reports . That is where you will find all the data and facts . It is very detailed and has links to back up all the data as to where the original source of the data . Sorry to tease and waste your time I am new to this forum and am still feeling my way .

I am sorry I tried that and they asked me to me to be more direct . I am dammed if I do and dammed if I don't . Not to be pickey but it is sell not sale . I am not selling a used anything it is brand new LOL . I think the quote you were looking for was you can't con a con man . You can sell a salesman when it is a good deal because only a true salesman knows a deal when he sees one . Thats right I am not just a salsman I am a client . I won't sell anything I have not already bought myself . Peace out

I do somthing different . I live in it then leverage the equity and buy somthing new and rent out the old one so I can build wealth . Better yet Refi and cash out the equity and invest in the #1 hottest market in the USA . Brand new Town homes in Charolette no rehab and you can have them rented out before you close escrow . $110,000 to $165,000 rent for $900 . send me a private message and I can show you where to find all the data .

Charolette is the market . This is a turn key investment . Brand new Town homes 2-3 bed 2-3 bath $110,000 - $160,000 You can have them rented out before you close escrow . Rent is around $900 and HOA $95 The competition rentals was built in 1928 . 35,000 new jobs coming to the area . There has been reasearch done already it has determinted this to be the #1 new market . Contact me directly and I will show you where to find the data on this .