Episode 192 - Sourcing The Perfect Tenant
The Most Dwanderful Real Estate Podcast Ever!
Dwan Bent-Twyford
5.0 • 276 Ratings
🗓️ 10 July 2021
⏱️ 16 minutes
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| 0:00.0 | Welcome to the most wonderful Rua State podcast ever, the show that gives you the loadout |
| 0:19.0 | on how to become a successful Rua State entrepreneur. |
| 0:23.2 | 30 years of experience, America's top female Rua State investor is an expert in financial freedom |
| 0:31.9 | and turning dreams into realities. Now's your chance to become a wonderner with the help of the |
| 0:38.6 | one. Here's to a flaming hot for closure market with the help of the one cheers. |
| 0:44.8 | All right, welcome to another episode of investing on the go. I'm Will Twiford, |
| 0:56.5 | Dwan Ben Twiford's incredible son. Today investing on the go is our weekend warrior session. |
| 1:03.2 | This is a quick 15 minute session to help you while you're driving for dollars or drinking |
| 1:08.4 | your coffee in the morning or whatever you may be doing. Today's topic is sourcing the perfect |
| 1:14.4 | tenants. This is how to find perfect tenants. So that's one of the most important things. I have a |
| 1:20.8 | lot of rentals out in the Midwest and you know what, it's really important to keep your vacancies |
| 1:28.7 | down, keep your monthly maintenance and your yearly maintenance down and really have people that |
| 1:34.6 | are not a lot of work for your deals. You know, you have to make sure that these cash cows keep |
| 1:40.4 | making you good money time and time again. So let's talk a little bit first just about |
| 1:48.0 | your rental properties. Now for me, I like everything in the Midwest because everything that |
| 1:53.4 | I'm looking for is generally no more than $50,000. That means I try to buy it in the 20, 30, |
| 2:01.8 | $40,000 range. Sometimes I'll spend more if it's a little bit nicer house. But these houses, |
| 2:07.1 | I'm trying to be in them for no more than 50. Like one of the ones I bought this last year, |
| 2:13.6 | I paid $12,000 for. Well, it's one of those that needs all the electrical updates. It needs all |
| 2:21.7 | a lot of different texture to cover wallpaper and a lot of different things that |
| 2:26.7 | you know, full bathroom and just things that can be labor intensive. So not to get too on that |
| 2:35.1 | topic, but I'm probably going to spend $30,000 fixing it up. But these houses that we are working on |
... |
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