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The Water Cooler
General Discussion
Anybody own rental houses? Needing advice
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<blockquote data-quote="weav199" data-source="post: 2112794" data-attributes="member: 9140"><p>My wife and I have 8 rentals. They are our primary income. </p><p>1- found a general lease online and modified it to suit us.</p><p>2- min 2 yrs employment history, past landlord and personal references.</p><p>3- no app fee. App also found online. </p><p>4-I'm the handyman, wife is the bookkeeper, CPA wants $500 yr to handle LLC paperwork. Renter/landlord laws are pretty plain and easily understood. Haven't had the need for an attorney. If you have to legally evict someone, it's just over $100 to file a case in court and about $50 for Sherriff to serve papers. If your diligent in keeping receipts, you should be able to handle it yourself and save money.</p></blockquote><p></p>
[QUOTE="weav199, post: 2112794, member: 9140"] My wife and I have 8 rentals. They are our primary income. 1- found a general lease online and modified it to suit us. 2- min 2 yrs employment history, past landlord and personal references. 3- no app fee. App also found online. 4-I'm the handyman, wife is the bookkeeper, CPA wants $500 yr to handle LLC paperwork. Renter/landlord laws are pretty plain and easily understood. Haven't had the need for an attorney. If you have to legally evict someone, it's just over $100 to file a case in court and about $50 for Sherriff to serve papers. If your diligent in keeping receipts, you should be able to handle it yourself and save money. [/QUOTE]
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