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I had someone do an open house at one of my rentals this weekend. Saturday about 30 couples showed up. Sunday about 20 couples showed up. A lot of applications were submitted.
Tomorrow I will pick one of the applicants. So far, I have eliminated all but 3 applicants. Many of the applicants has low income for a $1395 rent or not a stable job history.
This week I will work on an article about the history of this rental and why it is a good idea to buy some houses to HOLD on to for long term. I’ve owned this house for about 12 years. Cash flow goes up every year. Equity goes up every year. It’s a nice retirement plan.. and it’s never too soon or too late to start.
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