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In this episode of “Investing On the Go”, Will Twyford talks about what it takes to source the perfect tenant. He briefly covers why it is important to make sure you are getting properties in states that are going to work in your favor. Then he covers the 4 biggest tips for landlords and why you should enact them in your own properties. Lastly, Will encourages you to subscribe to this podcast and to leave Dwan a “5-star” review, after all, she is coming up on her 200th show!
- 1:00 – Will Twyford introduces today’s investing on the go, “Sourcing the Perfect Tenant”
- 1:50 – Let’s talk about your rental properties
- 2:58 – You can make the perfect house, but it’s hard to find the perfect tenant
- 4:12 – Don’t cheap out!
- 4:50 – Start with a background check
- 5:10 – They are wanted in multiple states!
- 5:30 – Pro tip – nothing shorter than a 2 year lease
- 6:45 – Make sure their income works so they aren’t scrounging for rent
- 8:12 – Find a state that is going to work in your favor ex. NOT New York
- 9:16 – Inflated deposit ensures last months rent
- 10:13 – Do an unannounced drop by where they currently live
- 12:50 – Keep them happy. Maybe a holiday discount?
- 13:30 – Please subscribe and leave a 5 star review!
- 14:23 – Are you part timing this? That much more important to be organized
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