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Income Property, blessing or curse?
Income property can be a blessing or a cursedepending on how you manage your investment.  Tenants are the key to your success.  If you have tenants that pay on time and maintain the property like it is theirs you are blessed or maybe you just know how to interview tenants before the destroy your investment.
Recently I have been showing a potential buyer duplexes and quads.  We have seen everything you can imagine within the same price range.  Some should be condemned others are over crowed and nothing is to code.  We have found that most investors are buying renting and using the life out of the properties.  We did find one gem however.  This was after review 30+ properties on the MLS and looking a ten of them.  The gem was priced in the mid range of the market.
The key....tenants!  The tenants had maintained the inside of their units like it was their home, which it is!  The units were clean, well kept and the rent rolls showed payment history to match the upkeep of the property.  Never to miss an opportunity, I asked the renters how they liked the property and the landlord.  They all commented that whenever they called the ... more

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