New Forum Topic ? DG Members sharing tips and information for renting units?

Happy Memorial holiday everyone. I want to say thank you to all of our men and women that have served to keep us safe and free. I am proud to be an American

I like having rental units but it can be a lot of work. Let me start off by saying we (my company) manage 32 units currently. Fortunatly we have 100% occupancy. Yeah!
But it has been quite the learning experience. We have had a total of 6 eviction in 3 years and some of that was poor choices on my part, I am the property manager. The best advise I could give you is it is cheaper to let the house sit empty for a couple of months than rent to the wrong person.
Check out all aspects of the information on the application, go to thier current residence and look at it; if it is a mess then your unit will be too. Call all refences and employers, and listen to them they will usually ramble on enough for you to get a good picture of these people.I have learned that you have to be a bit of a hard nose because everyone has a sob story.. I don't mean that you shouldn't make conciderations sometimes.
We have pretty good relationships with our tenants I think it helps if they like you.
Another good tip is to drive by your units monthly that way you can stay on top of things like non running cars. Make sure the tenants know that you do drive bys, let them know right from the beginning what your expectations are.
I really do like this. If anyone want information I would be happy to share what I have learned in the past 3 years..
Donna

Thanks so much for postings such good tips for managing rental units. I believe the drive by to check up on the tenats and the property is a good tip to do on a regular basis. Good luck with your real estate. Believe and Achieve! Indiana-Joe

You're welcome and thank you. One more tip HUD tenants are OK. The state helps you monitor your tenants and puts pressure on them when they are noncompliant..
Have a wonderful evening

Thanks for another great tip. I will check out the HUD contacts in my area. Thanks again for providing the insight. Good luck with your real estate deals. Believe and Achieve! Indiana-Joe

Here is the new forum! If anyone finds any existing posts that relating to rentals in the other forums that would be good to be moved to the rental forum post a list of links.

http://www.deangraziosi.com/forums/real-estate-investing/rental-property...

Thanks!

DGADMIN,

Thank you for taking the time to post the new forum topic! I believe this topic will assist the many DG website users with ideas and great information for rental property. Dean continues to inspire us to "Think a Little Different" and this forum will help all DG memebers to share some great tips and techniques. Believe and Achieve! Indiana-Joe