We Bought An Abandoned House!

We show you the abandoned house that we bought. I have been wanting to get into the rental world for a long time now. Today is the first day of cleanup and one day closer to renting this old abandoned house our to our very first renter.

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#survival #familyvlog #abandoned

Keeping It Dutch
P.O. Box 1484
Pryor, Ok 74362

[mem]

I built a 2 bedroom, 1 bath apartment over my mom’s house so we could take care of her. Unfortunately, she passed away only 2 years later. We couldn’t afford the entire house expenses, so we rented upstairs to neighbors who had to move out of their rented house because it was being sold. These two lovely ladies lived upstairs for almost 29 years! One passed away at 97 and the older one at 101.5 years! I was lucky to have great tenants! Always make sure to have a lease!

[lindajane]

Land is always a good investment and with water and electricity already there—that makes it more valuable.

[marybroussard]

A corner lot is definitely a good investment. Looking out for the girls future.

[gracefarm]

My father told me during the depression people who owned rentals stayed afloat, because so many people were not able to buy a home. Isn't it amazing how just yard cleanup can make such a difference.

[debrathomas]

I grew up being the cleaning crew for my parents on their rentals. My dad started buying properties in depressed areas, fixed them up and rented them out. He stopped buying new rentals in the early 80s, and recently sold all but 1 - 7 unit property. I managed his properties for him off and on for the last 30 years (I am 65, Dad just turned 88). I also have been in the mortgage business since 1982. My advice is to determine what your requirements are, for Income to debt ratio, credit standards and your deposit/security, and rent and STICK to it. My Dad was always conscious of the renters financial situation. He never wanted to put a tenant in a position that they had to choose between rent and food. In the times that he deviated from his standards, he ALWAYS got burned! We are in CA and the Tenant actually has more rights than the landlord nowadays, so we were very careful about keeping to the standards. For my folks it wasn’t about getting rich, but rather providing income for themselves in their retirement. Out of 14 units, he had tenants that lived in the properties a minimum of 5 years. He kept rents fair and had loyal tenants.

[beverlyhendricks]

It’s a cute little house. I bought one a few years ago for 24, 000. Huge lot. Huge detached garage. Good bones. No termites. I fixed it and rented it for 3 years. 3 sets of Terrible renters. (I tried to always give them a clean cute place to live. But none of them appreciated it. ). Then after 4 years and fixing it up 3 times. I sold it for 70, 000$ I have a different rental property now, in a better economic area. And have only had two rentors in 10 years. All u can do is try. Just remember. Business is business. Rent it thru Zelle. It’s free for you but they run a background check on all adults ( proposed renter pays for the background check). Zelle has the contract for them to sign. Keep on top of your property. If they have to mow and keep yard then drive by and make sure they are. If not. You do it and charge them. Know how to evict them before you rent. Make sure they understand that no one else except approved renters can stay I. The house more than 2 weeks. No subletting. Business! No feeling sorry for them and letting them stay. Be a marine about it.

[stephenreiner]

It's going to take some work but it will be worth it especially if you do the work on it.

[RatdogDRB]

After mowing, leaf blow the roof/gutters (inspect the roof for leaks), trash removal, edge/mow again, pressure wash, seal up the openings, purge the garage of junk. Then you have a staging place for stuff coming out of the house as you sort and move forward. Fence mending may help with keeping the critters from getting too nosey inside the fenced area. Might consider spraying the whole yard with some permethrin to knock down the insects a bit. M'be test the soil to see what amendments are needed to help the growth of the lawn. Nice little house, corner lot sure is a bonus too.

[marthaosburn-henry]

I can't wait to see what you turn this place into. 🌻👍🌻

[lornaherlache]

I had my home rented for over 30 years, but people don’t take care of your home! I’ve had people rent, tear down walls, shoot holes in ceilings, or pets in the house when their contract simply stated NO PETS, and the smell would be so bad! All in all, I’ve had to have the whole inside redone 3 times! Most of the time, their rent was late, even though all of their info was thoroughly researched! So as to rental properties, I’m so glad to have been able to sell my property! No more worries or tenants! I even had a property manager! All they’re interested in is getting their commission!

[TerryDavison-fk]

Thank you for having me along love y'all

[shelleysimmons]

Make sure you have insurance on the home. Tenants also must have insurance that can be verified at anytime.Put in the lease home inspections at least 4 x year. When creating your lease Tenants are responsible for any broken window and door damage. Utilities must be maintained at all times if not lease is terminated. When tenant rents always take detailed pictures before every tenant. Also after . They can't change locks . Not responsible for light bulb replacement. So many things to consider when creating a lease.

[brendastemig]

Great move. I got time to bring it together. And ur right hopefully be able to work together and teach the girls and give it to them. And buy more. U can always hire people to take care of it

[Sshellyd]

I love the excitement in your voice Dutch, you see the good bones like my husband. He's remodeled 4 houses only we didn't have the money to buy them but we lived free while we worked!

[nxhxugs]

That's what you meant when you told Kevin that you might need his help yesterday. You know he would have been there. Love you guys

[armandosidhu]

Looks like a fun project! Good renters is the secret. Good luck!

[johnyoder]

property is always a good investment. great job you all.

[garyboss-dj]

Congratulations on your rental purchase. Just the mowing in the front alone made the property look so much better and in my opinion increased the visual value. An extra monthly income is always a plus. Looking forward to updates.

[laurielynn]

It's going to be so fun to watch your progress with this property.

[AZJH]

They used to print the date the house was built on the toilet tank lid underside. Unless the toilet was replaced. Worth a look. This will be fun! Congratulations 🎊 guys. You deserve it 👏 💓 💗 💖