All Forum Posts by: MONICA WATSON

Hello,

You are in the right place. I have learned so much from the forums on Bigger Pockets. It's always good to hear others perspectives to real estate investing. Good luck!

Start making repairs if needed, list property online, change locks, get utilities transferred, prepared all applications(leave copies at property), finalize lease agreement, and decide on credit screening site. These are just a few things you will need to do.

Good Luck!

Hello ,

I myself am a newbie landlord. I turned on all utilities until I found a tenant and signed the lease. The bills will not be much as there is now one living there. You will need the utilities on to show the house, clean, repair, ect..

I didn't use a realtor I just used online site such as postlets and craigslist, You will get plenty of inquiries. 

This will be my first month collecting rent other than the initial. I gave my tenant my account number for direct deposit into my account at BOA.

Good Luck!

Good credit, No foreclosures, deposit, lease term. Even though you put this most people don't read it anyways from my experience as a new landlord!

@Account Closed Yes, she pays her own water bill! I will provide the unit in order to keep down confusion since her units do not fit.

Thanks for you input @Beth L. The problem is that no matter where the plumbing is there is no way two machines can fit. You would not be able to open the doors. Trust me I I tried.

Thanks @Steve Babiak I was wondering what they did. The water pipes are located up front where the washer is now, it is odd! The other problem is those are her machines, as I did not provide them in the rental. I had know idea that space was that small. I'm was thinking that the wall could be taken back some from master bed. It may be cheaper to just provide the machines, I'm assuming?

I have a tenant moved into my first rental property. I knew the outdoor laundry room was small, but had no idea it was this bad. She called me and said her machines don't fit. Trust me we tried turning in every direction. 

I don't know how previous owners put machines in here!  You can't even use stackables the way water pipe and dryer plug is placed. I'm hoping the wall can be extended out, although that takes away from bedroom.

FYI The garage was converted to bedroom and this utility closet was added in back. I will try to upload survey.

@Kyle D. 

 I was wondering the same thing. I received a letter of cancellation for Texas Fair stating inspector went by and property was vacant. The lights are on, there are blinds, and yard maintained...so I don't know. my tenant moves in this week so I just have to fax them lease agreement! I bought property in January, cancellation would have been effective end of March,

I used Texas Fair Plan, my primary insurance company Farmers added a rider for rental to my existing plan for liability.