Rental Property Frustrations - Your 1st Tenant Sucks

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Real Estate Agent with Long & Foster Hampden MD RE License 579412

Rental Property Frustrations - Your 1st Tenant Sucks

I have helped a number of investors new and experienced get started and increase their real estate investment portfolios.  I also own investment property myself and can attest to many frustrations. Many would be investors shy away from real estate for fear of these exact same issues but they really aren’t that hard to resolve or work around. 

Your First Tenant Sucks:

A property is advertised as cash flowing from day one or you purchase a great property in a neighborhood that is popular with renters and suddenly you aren’t receiving rent checks and suddenly you or your property manager have to do an eviction.   

Rest assured one bad tenant isn’t going to make or break your future as a landlord.  I can attest to that. My first tenant stopped paying the rent and I filed an eviction, she strung a tale in court that even made the judge laugh.  My second tenant was great for 2 years but had a string of bad luck and she too had to be evicted. My third tenant has been there for over 10 years.  

Just like the stock market and rides at the amusement park there are ups and downs.  Don't freak out when one thing goes bad, look at the big picture. Make sure you and your property manager have an in depth process for vetting tenants and follow it each time.  Stay the course and over time the value of your property will go up and you will get good tenants and your property will cash flow.  

 

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If you are thinking of buying or selling an home in  Maryland give us a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.  Long and Foster and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times Long & Foster and I are equipped with the latest technology to sell your home using Virtual Open Houses, Virtual showings, electronic signing, virtual inspection and even online closings.   You can reach out to me through Snapchat, Duo, Skype, Google Hangouts, What's App, text messaging or simply by phone.  We take your and your families health and safety very seriously.  

June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP

Long & Foster Hampden

410-292-0100 - Direct   410-889-9800 Office

City Living Expert

 

 

 

 

 

 

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good evening June - any investment has its ups and downs and real estate is certainly no different.

Jul 25, 2019 05:34 PM #1
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Rainmaker
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June Piper-Brandon

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