So...you want to be a landlord! For all of the landlords out there - I share your pain! I shared the problems tenants are experiencing because of the landlord's failing to pay the mortgage, now I'll share the other side - the landlord's challenges.
Many of my investors have purchased homes as a rental, and I refer them to a property management company 'cause I manage my own - and I'm not a property manager nor do I want to be one. ;-)
Owning rental property is not for the faint of heart! Recently we evicted a tenant of ten years because of his failure to pay rent - and - because he was a "collector" of "anything," as seen in the photos I've shared. In spite of letters, warnings, etc., we were forced to have him evicted. We hired one of our other tenants to remove and carry and shovel the trash into five roll away bins.....10 tons' worth.
First I will display "some" of the photos that I took prior to the fix-up pictures. Then I will show the difference after we had it repainted, etc.
I recommend that anyone thinking of purchasing a property to rent out...to do everything humanly possible to check credit, etc. That is not a sure thing, but it will help. Hire a good property management company to oversee the credit check and ask them to visit the property on a regular basis to make sure it is being maintained.
Here are the "before" pictures:
Definitely NOT for the faint of heart!
This is the backyard AFTER the junk was moved to the driveway
Here are the "after" pictures:
New paint.....
New flooring throughout the entire 900 square foot, two bedroom home.
.....and now the kitchen
Amazing what paint, new flooring, new window coverings, and replacement of hardware can make. I didn't show you ALL of the photos, but you get the idea. This cost us about $10,000 just to clean out the trash, haul it away, and make ready the inside for someone to move in. New screens, replacement of windows, hardware, light fixtures, and more. AND we still have to replace the heater and the cooler. It would cost us $7000 to put in an air conditioning unit...not going to happen - yet!!!
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: Active Rain; or Phoenix Valley Real Estate Blog
Mesa, Arizona Real Estate. Call me at: 480.382-8711 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit my website: HomesAzRE.com, or stop by my blogs at: MesaAzRealEstateVoice and AzLadyInRed!
