5 Tips for People Who are Living in Their Orange County Rental With Their Tenant

Living full time in your rental with your tenants can be an excellent way to save money and build your portfolio. Here are 5 tips for people who are living in their Orange County rental with their tenant.

FHA Live-In Loan

If you are just starting out in real estate investing, living with your tenant is an excellent move. You could qualify for an FHA live-in loan which is good for 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 949-625-4533.

Reliable Monthly Income

Your rental property will create reliable income that you can use to cover the loan payments and insurance and other expenses. You can start saving the leftover funds to purchase your next rental property or make improvements to your current rental property. Make sure you enforce your due dates and implement late fees if you need to. This will keep your cash flow reliable by making sure you receive the rents on time. You may also want to look into ways tenants can pay rent online, this will save you time and energy because, with these systems, rent is usually directly deposited into your account. It will also help you keep track of who has paid rent and you will be able to pull rental payment history a lot faster than trying to use your bank deposits.

Find a Good Tenant

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 Orange County or CA laws.

Use 3rd Parties

Another great tip for people who are living in their Orange County rental with their tenant is to use third-party handymen or contractor companies. It might be easier if you are repair inclined, however, you need to establish that boundary between your tenants that if something goes wrong, they aren’t banging on your door in the middle of the night because their toilet is running. This will also help establish boundaries because they know you will hire someone to fix their problems. This is also a good move because their work is usually under warranty, so if something still isn’t right, they will come back and fix it.

We Will Help

At H&M Realty Group, we will help you with all of these tips. We can help you navigate the FHA Live-in loan process, we will help you find a great property so you can optimize your real estate investment efforts. We are experienced in finding properties with great potential as rentals and as additional real estate investments. We can help you come up with your rules and set boundaries with your tenants. We can also help you find the best third party repairmen for any residential problem.

Don’t hesitate, call us today at 949-625-4533 or send us a message to discuss these tips for people who are living in their Orange County rental with their tenant. 


Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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