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Taking Over a DIY Landlord Property with Tenants is a CHALLENGE
One of my FAV farm areas for my direct-mail marketing efforts is a townhouse project built by Ryan Homes near UVa Medical Center.  There is a mix of townhouses with garages and single family homes and the unit size is awesome because they are desirable to multi-generational and/or groups tenants.
I have the single family residence model and the townhouse model which were bought by investor owners and leased back to Ryan for their selling efforts and that I took over when they were rented to their first real renters.
I received an e-mail request from a DIY landlord in the property who moved out a year ago and rented his townhouse.  He needs it professionally managed and he was especially concerned as his 4 residents were wanting to leave 1 month early * in 2 months.
I arranged to see the townhouse, gave the owner my recommendations for some inexpensive upgrades * one was a builder issue that the owner allowed to go too long and that may not be covered by the builder after this late date * and he signed a management agreement with me.
I found replacement residents for mid-June through a local real estate agent, they ... more

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