We have a one bedroom condominium for rent. The current tenant gave notice about 3 weeks ago. We always require 60 days notice so that we can minimize loss of rent when we have tenant turnover. We advertise using Zillow and Craigslist. It is extremely important to thoroughly screen prospective tenants! Your tenant evaluation criteria […]
Posts with the manage tag
When #Tenant Borrows Security Deposit … #tenantscreening
We posted a 2 bedroom condominium for rent. The condo is located in a lower middle class area, so it was taking longer than usual to find an acceptable tenant. A 41 year old man submitted a rental application. His initials are DA. DA had fair credit, an acceptable salary, and a good landlord reference. […]
#RealEstate is a Key Asset for Building #Wealth! #invest
“Real Estate is a Key Asset for Building Wealth!” When people wonder how to build wealth and how or where to start, this statement says it all. It is worth repeating “Real Estate is a Key Asset for Building Wealth!” In our opinion, saving money in the bank and receiving less than 1% interest will […]
What are Pros & Cons of Becoming a #Landlord? #landlordlife
We can attest to the fact that it is not easy being a landlord, but we believe it is worth the time and effort. No one will take care of your property like you do. Therefore, we believe it’s advantageous to manage your own rental properties instead of employing a professional property management company. For […]
A New Concept in #RealEstate #Investment: Online Purchasing and #PropertyManagement
This is an interesting concept … purchasing investment property via an online service. It’s the first we’ve heard of it. One of our co-workers has experience investing via an online service. He purchased rental properties in Birmingham, Alabama and Atlanta, Georgia. Many of the properties already have tenants. A couple of times per year, my […]