5 Tips for People Who are Living in Their Rental With Their Tenant in Kathleen Georgia

FHA live-in Loan for Your Kathleen Rental

If you are just starting out in real estate investing, living with your tenant is an excellent move. You could qualify for an FHA loan which is good for single family homes and multi-family housing with up to 4 units. A few stipulations of this loan is that the owner must live in the property for at least one year, the property must meet FHA standards and pass appraisal. For more information about this opportunity, give us a call at (478) 273-0062.

FHA loan documents

Finding Good Tenants You can Live With

In order to have a reliable monthly income, you will also have to secure reliable tenants. Make sure to complete your due diligence with all possible tenants; run background checks, credit checks, verify income and employment and call all references they provide. You don’t have to turn into Sherlock Holmes, but you will want to get a good idea of who your candidates are and make sure there are no inconsistencies. 

You will also want to set house rules and boundaries with your tenants so they understand when they can contact you and when quiet hours are. Communication and rule enforcement will lead to a great tenant-landlord relationship. Just make sure not to violate any of the Georgia Fair Housing laws. Learn more about the Georgia Landlord-Tenant laws.

We can Help find The Right Kathleen Property

We are your Real Estate Problem Solver. Our job is to make sure your next real estate transaction goes as smooth as possible. There are many types of housing in Kathleen Georgia to choose from. When you are ready, please opt-in to our site and give us a try.

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