- #1
dkotschessaa
- 1,060
- 783
My wife and I might move a bit closer to where I am working. We love our house, sort of. It needs lots of work, but we don't have much time to work on it, and we have an ineffective HOA. We might actually have MORE money to work on it if we instead rent an apartment (closer to work) and rent the house out.
It's 2 miles from where I attended university. Prime for college students, and, no offence to the younger ones here, I would really prefer it to be older students or graduate students. It's a very nice neighborhood of mostly professionals and professors.
We would like to be very good and effective landlords if we do this. We don't need to profit.. We want to a) pay the mortgage and HOA fees and b) put any money over that amount directly back into the property either to do the repairs that need doing or any emergencies that crop up.
So my questions are
a) any GENERAL advice on renting properties?
b) any specific advice on renting to a target market without discriminating? I'd love to see upper level students or grad students or post-docs in here. I could leave the huge whiteboard up in one of the bedrooms that has served as an office for me. But of course I don't want to have to refuse people simply because they don't fit my ideal.
c) How to be a good landlord? I've had bad ones, so I know how NOT to do it. My goal is to put aside enough money to be able to respond to requests in a timely manner.
d) Is there an app for that? I thought it'd be cool if there was some sort of smartphone app where a tenant could put in service requests and attach photos for anything that was wrong or needed attention.
e) if d is "no" who wants to make an app? :)
It's 2 miles from where I attended university. Prime for college students, and, no offence to the younger ones here, I would really prefer it to be older students or graduate students. It's a very nice neighborhood of mostly professionals and professors.
We would like to be very good and effective landlords if we do this. We don't need to profit.. We want to a) pay the mortgage and HOA fees and b) put any money over that amount directly back into the property either to do the repairs that need doing or any emergencies that crop up.
So my questions are
a) any GENERAL advice on renting properties?
b) any specific advice on renting to a target market without discriminating? I'd love to see upper level students or grad students or post-docs in here. I could leave the huge whiteboard up in one of the bedrooms that has served as an office for me. But of course I don't want to have to refuse people simply because they don't fit my ideal.
c) How to be a good landlord? I've had bad ones, so I know how NOT to do it. My goal is to put aside enough money to be able to respond to requests in a timely manner.
d) Is there an app for that? I thought it'd be cool if there was some sort of smartphone app where a tenant could put in service requests and attach photos for anything that was wrong or needed attention.
e) if d is "no" who wants to make an app? :)