Top 7 Problems When Renting Out Individual Rooms
Often landlords are looking for ways to maximize the rental income from their investment properties. One common practice, especially in college towns, is to rent out individual rooms to single adults. The hope, is that the accumulation of individual rents would add up to more income than what you would get when renting out […]
Is Your Plan the Best Plan to Accomplish Your Real Estate Goals?
Real Estate is a fantastic way to diversify your investments and create financial security for a stable retirement. Establishing a plan is important for accomplishing those goals. In doing this, you need to be careful that your plan does not become more important than your goal. I’ll give you several examples of what I […]
Is it a Good Time to Buy an Investment Property?
With home prices and interest rates going up people are often asking if they should wait to buy investment properties until it’s a better time to buy. My good friend Peter Skaggs with Innovative Mortgage took on this question and put together a presentation that clearly and expertly answers it better than I’ve ever seen […]
5 Ways You Might be Violating Fair Housing Laws and Not Know It
You are a good person and treat everyone fairly. Therefore, you don’t need to worry about breaking Federal Fair Housing laws. Right?? Maybe, but you will be surprised how a decision or policy can unintentionally affect a protected group of people in a negative way. As a rental property owner, consider the following: Federal Fair […]
How to Send a Tenant to Collections
As a property owner, you did everything right. You checked credit, background, landlord references, and income; so why did the tenant end-up being terrible? Proper screening and avoiding the top red flags we’ve shared in previous videos, will drastically improve your odds of getting a great tenant. However, when working with people there is never […]
Top 6 Common Mistakes Landlords Make When Handling a Tenant’s Security Deposit
In this video you will learn the top 6 common mistakes landlords make when handling a tenant’s security deposit. You can find yourself in a lot of trouble if the deposit isn’t properly used so make sure you catch each one of these tips. Collect the right amount for a deposit. A security deposit is […]
10 Best Improvements to Make on a Rental Property
In this video you will learn the 10 best improvements you can make to your investor rental property that will give you the biggest bang for your buck to keep your vacancy times low and your rents high. You won’t want to miss the common misconceptions and mistakes people make so make sure you […]
What Type of Rental Property Should I Buy?
When an investor looks to purchase a rental property, they will need to evaluate what type of property they should buy. In this video I will teach you how to simplify this process while getting the best return on your investment. I have seen investors, who in an effort to be thorough, will take great […]
Evictions A Landlords Story
Many new landlords are intimidated by the eviction process, and often put it off, only to have a tenant who is breaking the lease cost the landlord thousands of dollars. One example of this, is a landlord we will call Pam. Pam had been managing her rental herself and contacted me looking for help. Her […]
Six Secrets Property Managers use for Filling a Vacancy
Having a vacancy sit empty or filling it with the wrong tenant can cost you thousands of dollars. Here are the top 6 strategies we use to fill a vacancy: A carefully written and detailed ad. Don’t make it too long or too short. People are more likely to respond if they know the […]