I'm about to move back up to ohio and i'm looking at buying a couple rental properties up there, anyone renting out a place that could give tips that dont have to do with water filters for aidswater or extra ac units?
Anyone do rental properties?
- Thread starter JuggerNaught
- Start date
Amazon Jim
Veteran X
So, do you need help with being evicted?
Because I can halp you with that.
Seriously, I can hook you up with some people who have places available....just depends on where in Ohio though.
So, where you movin? I'll PM you the info.
Because I can halp you with that.
Seriously, I can hook you up with some people who have places available....just depends on where in Ohio though.
So, where you movin? I'll PM you the info.
I'm looking around sw ohio, primarily dayton. I've already found 2 units that I like up there.
I talked to a couple guys down here that do rentals and they say the best thing i can do is background checks and to let the prospective renters know that i do background checks. they say that weeds out about 70% of the people right there and usually gets you pretty good renters
whats your biggest problems you run into?
Amazon Jim
Veteran X
I'm buying a house on Tuesday for just under 16k...3 bed, garage, full basement, fenced yard. Paint and carpet and its done. 
Biggest problem is buying too expensive.
2nd problem is holding costs.
3rd problem are tenants.
4th problem is...there are no other problems.
Biggest problem is buying too expensive.
2nd problem is holding costs.
3rd problem are tenants.
4th problem is...there are no other problems.
Killjoy
Veteran XX
I would not really consider them problems, more of expected situations.
Instead of talking about the issues I can tell you how to avoid them, which is more useful anyway.
1. Always have a detailed list of what assets are in the abode, their condition, and the general structural conditions before leasing it out. You need a boiler plate to go from when you start the proccess so that any damage or repair is understood, much like when you walkthrough an apartment. Do the walkthrough WITH the tenants, don't have them hand you a form.
2. Screen very very carefully. I don't give two flying fucks if it seems racist,sexist,anti-furry. If you don't get a good vibe do not rent to them. Keep in mind you are handing your EQUITY to a stranger.
3. Anytime you see late payments fucking kick them the fuck out. The Mr. Niceguy thing will get you raped. Just tell them to pack their shit and go.
Instead of talking about the issues I can tell you how to avoid them, which is more useful anyway.
1. Always have a detailed list of what assets are in the abode, their condition, and the general structural conditions before leasing it out. You need a boiler plate to go from when you start the proccess so that any damage or repair is understood, much like when you walkthrough an apartment. Do the walkthrough WITH the tenants, don't have them hand you a form.
2. Screen very very carefully. I don't give two flying fucks if it seems racist,sexist,anti-furry. If you don't get a good vibe do not rent to them. Keep in mind you are handing your EQUITY to a stranger.
3. Anytime you see late payments fucking kick them the fuck out. The Mr. Niceguy thing will get you raped. Just tell them to pack their shit and go.
The one i'm looking at in dayton is 50k, victorian duplex 3/2 units, just been rehabbed, 2 car unattatched garage. the garage is so-so, the house looks pretty good
theres another in greenville for 36k but renting it may be a bit harder because greenville is a fairly small town
theres another in greenville for 36k but renting it may be a bit harder because greenville is a fairly small town
Amazon Jim
Veteran X
Good avice there Killjoy. Sounds like you're a slumlord too.
Jugg> Small towns are not a problem. They are actually better than large ones.
Try and stay away from the already rehabbed properties. You know for sure you can always do better.
Jugg> Small towns are not a problem. They are actually better than large ones.
Try and stay away from the already rehabbed properties. You know for sure you can always do better.
Killjoy
Veteran XX
slumlord of beachfront high end property?
look, it doesn't matter, there is human trash at every level, you would be suprised what "nice" people in "stable" relationships can do to a property
i'm planning on living in half of it to begin with. for a while atleast.
Killjoy
Veteran XX
I have no mortgages
Killjoy
Veteran XX
that is a good idea
ohio is full of them, as is michigan
Amazon Jim
Veteran X
I love michigan. It's grrrreat! I buy another property in 2 weeks for 1300 bucks. I'll have pictures shortly.
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