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Anybody on here rent property?


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#11 SCP

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Posted 03 December 2012 - 04:04 PM

Property mgmnt firms find you renters to I assume?

#12 catfang

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Posted 03 December 2012 - 04:10 PM

We are prepping a house for renting. We moved out over a year ago and having sat empty for that long now it needs repairs.

When you go with a management company do they provide the lease or do I still need to pay a lawyer to write one? If the mgmt co has their own is that something I would have any input on or is it just something I have to let them handle?


In my case the lease to the renter was provided by the mgmt company.

Property mgmnt firms find you renters to I assume?


yes mine charged one month's rent as a fee to run credit/background checks, put the house on MLS, sign in yard, etc etc. It was bullshit but it got the job done.

#13 Scrumtrilescent

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Posted 03 December 2012 - 04:13 PM

And I'd pay it every time.

#14 Zcustom

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Posted 03 December 2012 - 04:15 PM

I do! But I'm the lowly renter, not the landlord. I pay my rent on time every month and take good care of the place, rarely call for any fixes either. That must be why I've had landlords fighting over me as a tenant.

We'll be buying a house in the next couple years though, that'll be nice.

#15 GAme

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Posted 03 December 2012 - 04:36 PM

I'm looking for a house to rent now. Is it nice?

#16 SCP

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Posted 03 December 2012 - 04:47 PM

I'm looking for a house to rent now. Is it nice?


It's a starter home in a nice town. Tega Cay, SC. I'm not ready to do anything just yet. Just started researching options yesterday.

#17 PhillyB

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Posted 03 December 2012 - 08:38 PM

SCP i'm in the same boat. about to pay off our first house and i want to get into investing in properties. the goal will be to purchase a new foreclosure and either rent it out and stay in our current house or move into the new one and rent out the one we have now. it'll really depend on what we can find that's a good value.

i have no experience renting a house to a tenant, but i've heard enough horror stories about it to really question whether or not it's a good idea to do without the benefit of a management company. i guess ideally you'd find someone you know and trust and rent it out to them... which isn't foolproof by any means, but probably an improvement on your odds.

#18 PhillyB

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Posted 03 December 2012 - 08:40 PM

though i really can't stand the thought of shaving 10+% off every month so some yahoo can run a background check and unclog the toilet now and then. i might take my chances with my own contracting

#19 SCP

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Posted 03 December 2012 - 09:03 PM

though i really can't stand the thought of shaving 10+% off every month so some yahoo can run a background check and unclog the toilet now and then. i might take my chances with my own contracting


You'd hate me as a tenant cause my dumps clog the toilet on the reg. I'd be calling you 5-6 times a day. "Phily B something is wrong again."

#20 PhillyB

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Posted 03 December 2012 - 09:08 PM

You'd hate me as a tenant cause my dumps clog the toilet on the reg. I'd be calling you 5-6 times a day. "Phily B something is wrong again."


for you i'd remove the toilet and we'd go all philippine latrine with a hole in the ground and a bucket of water. maybe a butt hose if you're lucky


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