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Rental Property Frustrations - Your 1st Tenant Sucks

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Real Estate Agent with Coldwell Banker Realty 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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Creating generational wealth, one home at a time. If you are thinking of buying a home,  did you know I can help you find a home for as little as $1000 of your own money?  Thinking about selling a home in  Maryland give me a call at 410-292-0100 or start your search here and I'll talk about the market conditions and what your home could be worth in today's marketplace 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 are worth the plunge into today's market. Coldwell Banker and I are connected with some of the world's brightest and best real estate agents and can assist with your move here to Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Coldwell Banker 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 contact me through Snapchat, Duo, Skype, Google Chat, WhatsApp, text messaging, or simply by phone.  We take your and your family's health and safety very seriously.  

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

Coldwell Banker

410-292-0100 - Direct   410-461-7600 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comments(1)

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