I built a 2 bedroom, 1 bath apartment over my mom’s house so we could take care of her. Unfortunately, she passed away only 2 years later. We couldn’t afford the entire house expenses, so we rented upstairs to neighbors who had to move out of their rented house because it was being sold. These two lovely ladies lived upstairs for almost 29 years! One passed away at 97 and the older one at 101.5 years! I was lucky to have great tenants! Always make sure to have a lease!
It’s a wonderful thing to get great renters. My father rented a house to some retired nuns. They were excellent renters except they were always trying to save money on electric so they used a lot of candles, which made him nervous
Sorry to hear your mother passed away but was so glad you were able to rent to those two sisters. They both lived to ripe old ages. Believe me, you were fortunate to get those two ladies to rent from you. Nowadays it is very hard to get good renters. Many of them think you owe them a place to stay free of charge. And then, on top of not paying you their rent, when they move they tear the place apart! Now on top of not getting any rent you have to spend thousands to get the place fixed up again! My brother and I inherited a mobile home park with 22 trailers and a few trailer spaces for rent. You have to have a good lease which you can get worded by a lawyer in your county. They are up on all the lease laws. Give the renter a copy and you can keep a copy for your records. Be very careful whom you lease to. You can usually tell a decent person just by their car and their cleanliness. Also, if you fix the rental property up nicely and get the rent up there, you will weed out certain renters. Also, always call the people that they have as references and call some other rental property owners nearby and ask if they have rented to them and if they paid their rent in a timely manner. Also, be sure to ask if they left the property in good condition. If you get a bad report leave them alone! Good luck on the rental business. There are a few good renters still out there!
Always do a contract Always get copy of driver's license are copy of SS card Always Rent by the week not by the Month Always get Deposit to cover 2 months Rent incase they tear anything up are fail to pay Rent before you can take them to Majestrate Court that way they have to be out in 7 Day's if you Rent by the Month they will get two months free Rent Always get phone numbers Always Do a walk through every 3 months to make sure they're taking care of your house. In contract that they have to report it immediately if there is any Electrical are plumbing problems and no changes to the home.IF YOU DON'T DO THIS I PROMISE YOU,YOU WILL BE SORRY & have it in contract they have to mowe grass @ least every two weeks and have Trash picked up weekly and no junk vehickles are old tires on premises
My father told me during the depression people who owned rentals stayed afloat, because so many people were not able to buy a home. Isn't it amazing how just yard cleanup can make such a difference.
It’s a cute little house. I bought one a few years ago for 24,000. Huge lot. Huge detached garage. Good bones. No termites. I fixed it and rented it for 3 years. 3 sets of Terrible renters. (I tried to always give them a clean cute place to live. But none of them appreciated it. ). Then after 4 years and fixing it up 3 times. I sold it for 70,000$ I have a different rental property now, in a better economic area. And have only had two rentors in 10 years. All u can do is try. Just remember. Business is business. Rent it thru Zelle. It’s free for you but they run a background check on all adults ( proposed renter pays for the background check). Zelle has the contract for them to sign. Keep on top of your property. If they have to mow and keep yard then drive by and make sure they are. If not. You do it and charge them. Know how to evict them before you rent. Make sure they understand that no one else except approved renters can stay I. The house more than 2 weeks. No subletting. Business! No feeling sorry for them and letting them stay. Be a marine about it.
After mowing, leaf blow the roof/gutters (inspect the roof for leaks), trash removal, edge/mow again, pressure wash, seal up the openings, purge the garage of junk. Then you have a staging place for stuff coming out of the house as you sort and move forward. Fence mending may help with keeping the critters from getting too nosey inside the fenced area. Might consider spraying the whole yard with some permethrin to knock down the insects a bit. M'be test the soil to see what amendments are needed to help the growth of the lawn. Nice little house, corner lot sure is a bonus too.
I grew up being the cleaning crew for my parents on their rentals. My dad started buying properties in depressed areas, fixed them up and rented them out. He stopped buying new rentals in the early 80s, and recently sold all but 1 - 7 unit property. I managed his properties for him off and on for the last 30 years (I am 65, Dad just turned 88). I also have been in the mortgage business since 1982. My advice is to determine what your requirements are, for Income to debt ratio, credit standards and your deposit/security, and rent and STICK to it. My Dad was always conscious of the renters financial situation. He never wanted to put a tenant in a position that they had to choose between rent and food. In the times that he deviated from his standards, he ALWAYS got burned! We are in CA and the Tenant actually has more rights than the landlord nowadays, so we were very careful about keeping to the standards. For my folks it wasn’t about getting rich, but rather providing income for themselves in their retirement. Out of 14 units, he had tenants that lived in the properties a minimum of 5 years. He kept rents fair and had loyal tenants.
I had my home rented for over 30 years, but people don’t take care of your home! I’ve had people rent, tear down walls, shoot holes in ceilings, or pets in the house when their contractor simply stated NO PETS, and the smell would be so bad! All in all, I’ve had to have the whole inside redone 3 times! Most of the time, their rent was late, even though all of their info was thoroughly researched! So as to rental properties, I’m so glad to have been able to sell my property! No more worries or tenants! I even had a property manager! All they’re interested in is getting their commission!
Great move. I got time to bring it together. And ur right hopefully be able to work together and teach the girls and give it to them. And buy more. U can always hire people to take care of it
I love the excitement in your voice Dutch , you see the good bones like my husband. He's remodeled 4 houses only we didn't have the money to buy them but we lived free while we worked!
Dutch & Brandi, suggestion. Whenever we had wasp, yellowjacket problem, my husband always said to never spray in the daytime. He always sprayed after dark. He claimed that at night the whole swarm would be in the nest. Plus less chance of them attacking you.
Its nice to see different content cant wait for up dates on the new property. Ive owned 6 places and its never boring. I will be Building my last for ever home startin next week. I swore to my self last year im done getting to old for this kind of stuff, but here i go. At 60 years old, and it's my third actual build, I am getting excited to start at it 😊
How cool! That looks amazing. I'd rent from you, but that is too far from Ozark, Missouri. (family) Love the yard, need it for my girls. (fur babies🐾🐾❤️) This will be so cool! I can't wait to see it all done and ready for renting. Already looks much better with all the grass mowed. God bless.😊❤
You can use the weed eater over the terribly overgrown areas prior to the mower. You can see if there is debris that needs to be picked up so you won’t damage the mower. Helps a lot when it is think like you have it right now. Looks like great potential for income.
Another thing you can do besides lifting the mower while you go back and forth only mow half or quarter width and it won’t stall as much, you still need to lift it to clear the blades.
Congratulations on your rental purchase. Just the mowing in the front alone made the property look so much better and in my opinion increased the visual value. An extra monthly income is always a plus. Looking forward to updates.
They used to print the date the house was built on the toilet tank lid underside. Unless the toilet was replaced. Worth a look. This will be fun! Congratulations 🎊 guys. You deserve it 👏 💓 💗 💖
Make sure you have insurance on the home. Tenants also must have insurance that can be verified at anytime.Put in the lease home inspections at least 4 x year. When creating your lease Tenants are responsible for any broken window and door damage. Utilities must be maintained at all times if not lease is terminated. When tenant rents always take detailed pictures before every tenant. Also after . They can't change locks . Not responsible for light bulb replacement. So many things to consider when creating a lease.
@@cross9494 I had rental properties. Mostly good tenants. A few not so good. I had everything covered. Move in paperwork, pictures. Move out the same. So much to think about to cover yourself.
Congratulations on your new investment!!! Lawn looks so much better!!! 💖❤💘💝💓I love watching your videos. Thank you for sharing a part of your day with us!!! Have a great evening!
You can never go wrong to invest in a place that can keep a roof over your head or someone else's. We have be able thru the years to have whatever one of our children may need to live in someday. Nothing fancy but just a good solid living space. Either our children or their children as time passes on. Best of luck and this should be fun to watch. Blessings with all of it!
Good luck! I had problems with a tenant and ended up selling the place, but my daughter has had good luck with hers. Great idea for the kids. My youngest daughter and spouse have bought three places, one for each daughter when it’s time and oldest has bought two, one for each son. I think that is a great legacy to leave your kids!👍🏼🇨🇦
This one family had a big cook out.and made it a day of making their house they just bought beautiful.but they had 30 people over and they got alot done.and their house wS beautiful.They were so proud.Iam proud of you two.
You are correct, it's all about the rental contract and the INSPECTIONS. Renters can do alot of damage real quick, don't ignore your investment for long periods of time just because there's someone living there. The nicer the place, the higher the price, the better the clientel. You can be as picky as you want in your contract, it will just bring renters that don't mind because they live clean and responsibly. Know your states Landlord Tenant Laws inside & out! Get to know your tenants, care about them and be good to them and they will be good to you (a high percentage of the time). Dont let the nightmare stories detour you and remember; it is a business, treat it like one. It can be a very positive experience. Big thing is to follow your rental agreement to a "T" and don't just wing it with renters. Best of luck to you!
Love this. I’m an outdoor person and I seen a lot of things I could do. That’s the way I am. Have fun cleaning and fixing things up. Going to have fun watching you guys. Love your creek property videos and I’m going to have fun on this.
wow..... to fill your platter. As long as you all are happy that is what counts. Yes the property looks so much better just having the lawn mowed. I am looking forward to seeing how it looks once all the trash is gone and you can show the inside of the house. Good luck Sean and Brandi🤗🤗💞💞💙💙🙏🙏🙏🙏
11:38 - It's too late to give it back, so make the most of it! It seems like a decent area and fixiing up that eyesore property will create a lot of good will with neighbors and surrounding property owners, give you added income and build your net worth - good luck with your project, looking forward to the home improvement videos. 👍👍
I think you made a good decision in purchasing this property... the hard thing is getting people to respect it as their own.. paying on time and keeping the yard and inside cleaned up.. BEST OF LUCK TO YA BOTH.. CANT WAIT TO SEE THE INSIDE
Hi Dutch and Family. Property is always a good investment. Be neat to see what is inside of the house. Another project to add to your list. Good luck. God bless and love yall ❤❤
