Thread: Anyone Accepting Riskier Tenants?

Originally Posted by vr4playa

any housing with up to 2 non-related housemates does not have to register as a boarding house and thus can be run without a landlord license.

Perfect. I rescind my warning to you, but the rest of us need to take heed. A convicted sex-offender has rights.

Originally Posted by hakrjak

So you've got a sugar uh, person paying the bills huh?...a professional property manager will have access to a lot more rental leads than you will.

No, I'm a caretaker, so my housing, electricity, gas, cable, satellite, and internet are all free. So basically, my investment property is my only housing bill. That's why it's analogous to paying the mortgage on my own home.

I am considering a pro management service, but the fees around here are 12.5-15%... still better than no income...

Originally Posted by rentingintl

I also had to invest some money in a local paper ad...maybe you should give that a try too.

Here's what I'm doing:

• Newspaper ad: $120/month
• Radio ad: Free
• Fliers on bulletin boards: Free
• Craigslist ad: Free
• Facebook marketplace: Free
• Facebook CPC: $100/month
• Google Adwords: $100/month
• My own webpage: $10/year

Which makes me wonder what the hell else can a property manager do for me? I feel like I have a pretty extensive marketing campaign in place!

Originally Posted by bflbob

My policy allows for only 30 days of vacancy, unless repairs are being done.

WOW! That's just one more thing to keep me up at night...

Originally Posted by biophase

Is Facebook CPC and Google Adwords doing anything for you?
...why didn't get the $20 from them before you ran the credit check?

I get a lot of clickthroughs, but no "conversions" (as in, tenants). And I didn't run the credit check. I could tell from their declared bank balances ($0.00) that I didn't need to go to the trouble. LOL.

Originally Posted by kurtyordy

A PM has an established network for referrals

Yeah, I'll try that now. Thanks, guys.