Screening tenants is a necessary but expensive part of real estate investing. In some cases, property managers charge as much as one month’s rent to place a tenant. What if there was a way to build a pool of high-quality tenants for free? In this episode, you’ll learn how to screen your own tenants (fairly and legally) and keep more of your cash flow!
Welcome back to another Rookie Reply! After showing you how to create your own backlog of potential tenants, we dive into house hacking—the rookie-friendly investing strategy that helps pay for your mortgage—and a creative way to squeeze even more monthly income from your property. Cash-out refinancing is a popular way to access your home equity and reinvest it. But is this a good idea with today’s high interest rates? Ashley and Tony will crunch the numbers and help you make the right decision. Finally, we discuss the ins and outs of eviction day and what you need to know before the sheriff arrives at your property.
Ashley:
Today we’re going to get your questions answered. I’m Ashley Care and I’m here with Tony j Robinson
Tony :
And welcome to the Real Estate Rookie Podcast where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. And today we’re going back into the BiggerPockets forums to get your questions answered. Now guys, the forms is the best place to go and post your questions and get responses from real estate investing experts. And today we’re going to discuss how can you build a pool of potential tenants for free? What to do when a sheriff comes to evict your tenants, whether or not you can live in your garage and rent out your house, and would you cash out refinance or should you cash out refinance in this current market?
Ashley:
Okay, so Tony, I want to start off in just general Landlording discussions. So let’s go to the forums on biggerpockets.com into that one.
Tony :
I’ve got one from Bezo…