Mortgage Blog

How to manage the rentals?

October 11th, 2011 10:01 AM by Eric Fang

Two alumni called me this weekend about the investment
purchases. I shared with them about my opinion about the
market in the bayarea, Sacramento, etc. There
will be lots of opportunities in the next two years.
No need to be hurry.

There are lots of different ways to manage the properties.
You need to find out the best way works for you.

Usually when my tenants evacated the property, someone likes
to complete all fixes, clean the property, then put out the ads,
.collect the applications over one weekends, choose one tenant,
then wait for the move-in. This is good for those who
are very busy and only want to do the open house one weekend.

Another way is that you can show  the property while the
property in the middle of the cleaning, fixes. The cons is
that a lot of applicants may not be interested(because it's not
clean), so there will be only a few applictaions, and you have
to show the houses all the time until you find the right
tenants. The pros is that the property can be rented out
faster, if someone like the property right before the fixes

Posted in:General
Posted by Eric Fang on October 11th, 2011 10:01 AM



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