Lastly, I take charge of cleanup and lawn if it needs it for the 30 days prior to the end of a lease, though, when I'm showing the property to new tenants. $25 for 4-5 small flower pots and pulling all the weeds makes a place look much nicer.

If the market rate is really that high they won't have anywhere to go that is less expensive but might leave for comparable rents just for the "screw that" factor.My thoughts are to jack it up over three years, which will still build some resentment but may keep the tenants.Like you said, "It's not a hobby."

thanks for the info.heres a great r.e. info site. www.recenter.tamu.eduim a broker in College Station Texas.folks are coming here from all over because of the great values on property and Texas A&M University.you can search up to date listings from my mls site. type mikecutler.bcs.mlxchange.com or just click on my www icon at this site.i would be curious to compare foreclosure sales there with regular sales here.we have very few foreclosures in our area and usually they have structural problems or liens etc.I love to pay referrals (25%) for folks headed this way.Mike

One good way to purchase forclosures is to negotiate with the owners prior to the foreclosure sale.

This is prior to adding the profit or real estate commission.

This transaction is identical to the first one with the exception that it started off as part of a 1031 exchange, and because the property that was converted to his/her primary residence was originally acquired as replacement property in a prior 1031 exchange the investor must own it for at least five (5) years before he/she can sell and take advantage of the 121 exclusion.

Typically this might include a full months rent in advance or other fees.They will most likely ask for your financial information to clear you prior to accepting an application such as this.

House has curb appeal now, was the sadsack on the block prior to the work.

I would have an appraiser or possibly a Realtor work up a comparable rent schedule on your house to find out what the market rent is in your area.

Many insurance companies will require a '4 point' inspection prior to insuring properties.Originally posted by "Chrisnj99":Also, during a rehab do you need to carry a full insurance policy on the property while it's being rehabbed?