Reply to how to be a successful landlord (i.e. right way to choose tenant and avoid problems)

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Reply to "how to be a successful landlord (i.e. right way to choose tenant and avoid problems)"

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[quote=Anonymous]We've been landlords for 19+ years in 2 different places.  We manage them ourselves.  We have not had any major problems in either place.  We live across the country and it can be a pain to arrange service calls but the money savings is worth it to us.  I'm a SAHM so the management is basically on me. I arrange the service people to come out and meet the tenants for repairs.

For our higher end ($5,000/mo) rental we used a realtor to find/screen tenants.  We've mainly had foreigners here for work assignments and their company paid the rent.  We've had some annoying ones asking for things that were totally unreasonable (moving an outside railing because the wife couldn't fit her car in the garage easily) but we shot them down quickly.  Most were good and easy multi year tenants.

The lower end one ($1800/mo) I found tenants through Facebook and friends.

The key to being a good landlord is to respond to any issues quickly.  Even if you can't have it fixed immediately, respond so that they know you're trying.

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