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Rental Management Guys
New investors often ask me "Where is the best place to buy investment property?". Or the question may be "I have heard that investing in property in [insert any state here] is great. What do you think about it?". The answers to these … [Read more]
Tenant Application-Red Flags
Receiving a tenant application can require some detective work and a good ear. A prospective tenant calls you and wants to see that 3 bedroom apartment that you have for rent. What types of "red flags" should you be watching and listening for as … [Read more]
Landlords: Watch your Water Bill
When is the last time you examined your water bill? Are you sure it is correct? How much water should an apartment building, duplex, or 4-plex be using? Allowing toilets to run on and faucets to drip can add $50, $100, even $400 per month in extra … [Read more]
The Lease Deposit Refund
Many landlords take a lease deposit from a prospective tenant to hold an apartment prior to move-in. I require a deposit when there is more than 1 week before the start of the new lease. State law is very clear on how this process must be executed … [Read more]
House Flipping Tips
So you say you want to get into flipping houses, well here is a list of house flipping tips that you should consider before you get started. If all you have done is watch a marathon weekend of "Flip this house", you haven't even begun to get ready! … [Read more]
Rental Scams on Craigslist
Some of you may have heard about rental scams on Craigslist before, but I thought it was worth repeating to get the word out. I suppose it is like that old saying: if I save one person from this scam it was worth it! Here is how it goes: you … [Read more]
Tenant Applicant Scam Artists
If you are a landlord, you will run into tenant applicants (and tenants for that matter) that will just lie to your face or on their tenant applicant screening. I had another one recently, that I just felt I had to share [long story, but it will … [Read more]
Low Ball Offers on Homes
Making low ball offers on homes in the retail market is not much different from writing a low ball offer on bank owned foreclosure properties. Although many of my original thoughts remain, I still get many questions about this process. One example … [Read more]
Investment Property Partnerships
I have seen investment property partnerships very often in my career. Just like in any business you will find partnerships. Sometimes they are built originally from friendships, sometimes they are between complete strangers. Regardless of their … [Read more]
Tracking Tenant Rent Payments
How do you track your tenant rent payments? Are you using spreadsheets, maybe Quickbooks, or are you doing it in your head? Every day, I am amazed by owners that have more than a few properties that don't have any system for managing rent payments … [Read more]
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