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The Water Cooler
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Best Interest rates or Investment ROI?
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<blockquote data-quote="JB Books" data-source="post: 2688194" data-attributes="member: 6889"><p>I have a few rental properties. I've bought 11 in the last two years. Mine are higher end ($140-160k). Most all of mine are new construction (2010, with most 2012-13). I'd like to end up with 50+ by the time I retire.</p><p></p><p>I'm a major hard ass as a landlord. Sob stories fall on deaf ears. If they breach the contract by not paying on time, I will evict them, get a judgment, and garnish their bank accounts and/or wages. I'm also very picky about who I approve as a tenant. Not only does my property manager do a credit check, we also check oscn. I don't want tenants who have a lot of baggage like protective orders, small claims actions, etc. I'd rather have the property sit empty than chase people for rent.</p></blockquote><p></p>
[QUOTE="JB Books, post: 2688194, member: 6889"] I have a few rental properties. I've bought 11 in the last two years. Mine are higher end ($140-160k). Most all of mine are new construction (2010, with most 2012-13). I'd like to end up with 50+ by the time I retire. I'm a major hard ass as a landlord. Sob stories fall on deaf ears. If they breach the contract by not paying on time, I will evict them, get a judgment, and garnish their bank accounts and/or wages. I'm also very picky about who I approve as a tenant. Not only does my property manager do a credit check, we also check oscn. I don't want tenants who have a lot of baggage like protective orders, small claims actions, etc. I'd rather have the property sit empty than chase people for rent. [/QUOTE]
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