When we began investing in real estate 25 years ago, we didn’t raise rents on a regular basis. We were afraid that raising the rent would cause the tenants to move. We now realize that was a mistake. For example, we have a tenant who has rented a townhouse from us for the past 20 […]
Posts with the property management tag
3 Tips – Quick #Tenant Turnaround! #realestatetips #tenants
For landlords, managing the exit of a current tenant and finding a new tenant directly impacts the bottom line (i.e., cash flow). Over years of trial and error, we believe we have perfected the “tenant turnaround” process. For example, we have a 1 bedroom ground floor condo and we recently received notice from our tenant […]
When Prospective #Tenant Rushes You … #tenantscreening
We have a 3 bedroom 2 bath townhouse available for rent. A 30-year old woman with 2 children applied to rent the townhouse on a Sunday evening. She has a $90,000 annual salary, a FICO score of 640, and a very good landlord reference from her previous landlord. We called her current supervisor and character […]
5 #Tools Every #RealEstate DIYer Must Have!
If you plan to manage your own property, which will most likely include making repairs, you will need a good set of tools. For the beginner real estate investor, making your own repairs can save hundreds to thousands of dollars per year. Some contractors won’t even come to your property to provide an estimate without […]
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 […]