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You have to run it like a business, cash reserves...... Posted by K-Saab [Email] ![]() ![]() In Reply to: Re: Just on a very small scale..., Dean, Thu, 28 Oct 2004 13:29:49 Members do not see ads below this line. - Help Keep This Site Online - Signup |
a plan, tough guy when needed & frugal most of the time. Read the books, take the classes & prepare for a few tough tennants. We use National Tenant Network to help screen applicants. I only advertise in the Sunday newspaper & never put a sign in the yard. I want tenants savy enough to read the paper. Don't answer the phone when the ad is run, let the answering machine pick up and call them back at your convenience.
I've never made less than a 10% return on investment. Sure beats the peanuts give by banks on CDs and I hate to watch investments dissolve on Wall Street. They are also a good vehicle to run expenses through.
Do your homework & go for it.
posted by 66.69.73...
_______________________________________ 1986 SPG X 2
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