I hate to admit this but with the closing on my new rental home fast approaching on Wednesday, I'm feeling a bit nervous as well as being very excited as well. This is the first home I've bought that needs some substantial improvements (windows, removal of add-on room) before I can rent it out on August 1. Now I know how my clients feel when they are embarking on the adventure of home buying!
Overall, I feel very good about the purchase and the prospects of leasing it out at my desired price of $1,150. When I was setting up the home insurance, the person I was speaking to (an assistant of my agent) he started asking me all these questions about the house: Is it leased yet? How much are you asking? Do you allow dogs? Curious questions I thought, but then he said that he and his wife were looking to move down from Santa Fe this summer and they were looking for a place. He asked if he could talk to me 'offline' and that he was very interested.
Not a bad start at all!