Real Estate - Long term renters (tenants)

We talk about:

• Finding good renters
  • Do credit checks
  • Be patient it can take many showings to find the right renters
  • Use renter screening tools like cozy.co 
• Be extremely clear about expectations
  • Make sure to have a clause in the contract that requires a per day late fee over a set number of days. E.g. after 3 days, each day late costs $25/day
  • Be clear about pet cleaning fees 
  • If they want an exception for an animal, try to get a good idea if they really need the pet or not. I wish we asked for some sort of proof that the animal was required otherwise we would’ve charged extra
• Set up monthly or quarterly visits from a landscaper for the exterior
• Being your own handyman
• Other ways you can invest in long term properties

We recommend:

• Roofstock - Build Wealth through Real Estate 
• Second Nature - Filter subscription
• Starbucks - Maryland You Are Here mug
• Starbucks - Seattle Been There mug
• Cozy - Free property management
• Nest Learning Thermostat
• Airbnb - Our Tahoe Short Term Rental