4 ms·
Here is "The Secret" from my wife's friend who keeps trying to talk us into buying rental properties. Especially applicable for places like Seattle that have a
by pnw_hazor 6y ago
Here is "The Secret" from my wife's friend who keeps trying to talk us into buying rental properties. Especially applicable for places like Seattle that have a lot of eviction restrictions and tenant selection restrictions.
For a multi-room home:
1) Find a foreign female student to act as the primary tenant. It is easy to target rental availability to this market.
2) Let her find additional roommates.
Foreign female students usually are well-funded by rich parents. And, if a resident of a "single family home" (the first tenant) is seeking roommates they can discriminate more than a non-resident landlord can.
The last thing I want to do is get into the landlord business so I keep pushing back.
Note, when I was a kid, my mom had a hell of a time evicting a Section 8 tenant. It took months and they left behind tons of garbage and damage. It was tough on my mom because she felt so duped by the lady that rented her house while we were living in another part of the country. My mom was a struggling single mom too, our family of four lived in a basement of her friend for several months until the eviction cleared. And then it took a week to clean up the home before we could move back in.
- blaser-waffle 6y agoforeign student seems risky as hell, man. All they have to do is walk and you're left holding the bag. Further more they're not tuned to what is "normal" for the area. In uni one of the Chinese master's students fell asleep with a hotplate turned on and burned down the apartment a couple down from us. Students gonna student.