Getting acquainted in a new area or learning new lifestyle changes can be even more challenging when you start looking for a quality rental home for your family to live. This can be especially hard when the housing market takes a turn for the worst. This is why I teach my clients not to borrow money when it comes to investments, it's simply a bad idea and here's why. If a property has a loan/mortgage on it, and it is not rented, guess who pays the loan? – the property owner (the bank still wants their money plus interest). If the property owner is making their own house payment plus 1 or more other house payments because they have no renters, then somewhere down the line corners are eventually cut. The cash investment owner typically doesn't fall into this sort of situation.

Here's a few examples of how corners get cut because the landlord can no longer afford to maintain the property: 

1. The desperate landlord rents to the first person who has cash simply because they need the cash to pay their latest bills.
2. The desperate landlord doesn't do a background check or check with a previously landlord to verify rental history.
3. The desperate landlord doesn't evict the tenant because they believe the tenant will keep their word and eventually pay them.

Desperate landlords lead to desperate measures and that is why I am happy to share with my members rental properties I've personally checked out and approve. Yes I have actually been inside each of these properties. Please be sure to read my blog about how not to live in any home whether it's your own or someone that's kind enough to rents their property to you.

Click here to be directed to quality rental properties.