In this episode, Brian and John focus on a property that they bought in 2016. The guys have been on a roller coaster ride with this property, but thankfully, everything worked out in the end! Brian and John learned a lot from dealing with this property and are now passing these lessons on to us. They share how they got a short-term tenant that paid a premium for rent, their discovery of illegal items in the house, and how they were able to convert a tenant into an owner.
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Core Rentals offers full service, residential property management in Columbus, Ohio and surrounding areas. They are equipped to handle single-family and multi-family homes. Visit CoreRentalsOhio.com today to have the day-to-day operations of your rental property handled by professionals.
- Purchasing the property on Williams
- The different types of tenants that have lived at the property
- Dealing with bad tenants
- Selling the property to a tenant
01:12 What’s been happening the past couple of weeks.
- Dealing with multi-family units.
- Refinancing a property.
- Finally getting the required permits for some buildings.
- Bringing on a new employee.
- A deal getting delayed and wholesalers.
- Selling a home that the guys have been renting for about a year.
08:44 The property on Williams.
- The day that Brian showed up to the house after purchase in 2016.
- An interesting event that happened a few months later.
- Repairing and renting the house.
11:55 – The tenants that have lived at the Williams property.
- Being approached by an insurance rep.
- Getting short-term rentals that pay well.
- A tenant that had no red flags but turned into a bad situation.
- Cleaning up the house after bad tenants.
17:30 – Renting the property again.
- The new tenants wanting to buy the house.
- Everybody winning.
- Not holding out for value appreciation.
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- Do regular inspections on your properties.
- Reach out to insurance reps for potential tenants.
- Take tenants who want to buy your rental property seriously.