/biz/ - Business & Finance

>>22337696
Make sure your tenants arent not niggers

>>22337763
how do I reject black tenants for being black?

>>22337763
>aren't not
aren't***
>>22337778
>Sorry sir it's no longer available.
>Wait a week
>Put it back up

>>22337778
No section 8

>>22337696
>Any cost cutting tips
You cut costs before the closing. Also, hire a property manager.


>>22337778
Drug tests, background checks, referrals from previous landlords.

>>22337778
My apartment's lease required that I have no misdemeanors in the last 5 years and no felonies in the last 20.

>>22337778
don't immediately reject them. wait a few days then reject, tell them you got a stronger applicant (higher credit score, more income, longer rental history, etc.)

again, do NOT rent to niggers or spics.

>>22337836
>hire a property manager.
>take a 10% haircut on gross rents
yeah have fun with that

3x the rent should do the trick.

>>22337696
Yeah, don’t buy yet

Becoming a slumlord is looked down upon, but the profit margins are great.

kek in the very next thread honkies from this one will turn around and say theres no housing discrimination

>>22337823
it's illegal to advertise no section 8, do not do this. However, you can just never get a section 8 inspection and therefore not be qualified for the privilege of having section 8 tenants

>>22337778
You can't reject based on race. Run background checks and verify income. Ask for the last two paystubs. Running credit can be worth it depending on the property time. If it is a cheap property than too strict a credit threshold is going to cut into your tenant base. Just make sure there is no eviction history, and if there is an eviction make sure they have a good explanation. This will filter out pretty much all bad seeds, black or not.

Also, treat your tenants well and make an effort to get things fixed for them quickly. After they move in, ask them how they are liking everything etc. Contrary to popular belief here, the vast majority of people are very decent and they will respect your property if you treat them like human beings.

>>22337867
yeah if you only have 1 property you don't want to hire a PM. Once you scale up it can be worth it. It's also good to self-manage for at least a while just for the learning experience really. It will give you a better idea of what to look for in a PM

My dad said we're gonna rent out all the rooms individually on our first house lmao

>>22339044
Good way to trash a house

>>22339242
yeah that sounds awful honestly. You don't want your tenants calling you because Janice stole their milk out of the fridge or is hogging the tee vee

>>22339242
I don't assume it's any different than student housing and they make bank.

>>22339044
get parents to cosign the lease

>>22337696
like other people have said do a background check. Make sure they have references, follow up on those references. Better to miss out on a month's rent than to waste a year trying to get a nigger evicted.

>>22337696
Rent out to Whites or East Asians only.

>>22338925
a lurker looking to get into renting, thank you for advice anon

>>22339285
facts

>>22337763
>>22337836
>>22337849
>>22338009
>>22339487

>>22337696

vinyl/laminate flooring, NOT carpet

>>22339556
nice, it's a good way out of the wage cage

>>22337696
Hire some mobsters to beat your tenants if they try to pull any of that rent strike shit.