Originally Posted by beemk

i read a few books, i close on my first investment property in a week or two and i'm going to rent it out. the best thing i read in the books is to put this in the ad. lets say you want to rent for 750. make the ad like this:

DISCOUNT RENT
blah blah blah $800 a month. $100 discount to tenants who take care of minor maintenance and pay rent on time.

you could do 850 and you will get $750 but its worth losing the $50 so they dont call you every day with small problems and think they can pay the rent late. i still havent talked to a lawyer yet but i'm going to do that before i rent my first house. if you havent done that that should be the first thing you should do.