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fintstone fintstone is offline
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Join Date: Oct 2000
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Quote:
Originally Posted by Rikao4 View Post
section 8..
lol..
that's like dating a meth hoe..
when all is said done..
you may as well burn those places down..

Rika
^^^this^^^

I have several rentals. No Section 8. All are paying early and I have increased the rent on one where the lease expired and they renewed. I also increased the rent on one that went vacant in June (tenant bought a home). We got multiple qualified applications the first day...but there was a gap due to waiting for the first tenant to move and repairs completed before showing it (due to COVID 19). The worst problem for me is that prospective tenants want to their lease to start a month in the future (I guess so they can give notice and not pay for two rentals the same month)...which means I have to eat a month of rent if I agree. That is something relatively new for me.

People are fleeing the big city for the suburbs. All my properties benefit as they are suburban except one that is somewhat rural. Nothing in the NE or west coast. Property values have also risen...just need to find a way to refinance some to take advantage of the low rates. Just locked in a refi of my primary home (30yr at 2.375%). Will probably get similar for my vacation home...but can't seem to find anything near that for investment homes.
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Last edited by fintstone; 07-13-2020 at 08:04 AM.. Reason: clarity
Old 07-13-2020, 07:52 AM
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