Tenants are the lifeblood of the landlording business. But as landlords, we don’t want just anyone as our tenants. We want good quality people who will pay, stay and respect our properties. We want tenants who will not cause problems, either to us or to our other tenants. We landlords already have enough problems to... Continue Reading →
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The Biggest Landlording Mistake I Ever Made
My biggest landlording mistake isn’t an uncommon one. It is one that at least 50% of investors continue to make—and not just first timers, either. Some experienced and relatively successful income property investors still fall prey to this pitfall, too. No, it wasn’t skipping due diligence, property inspections, or foregoing title or property insurance. It... Continue Reading →
My Worst House-Buying Experience Ever (& How I Learned From It)
This deal happened around two years ago. I bought a distressed property in the Grandview Local School District. It was the ugliest house on one of the best streets. Here in Missouri, the Grandview Local School District is extremely desirable. I believe it was a 2-bedroom, 1-bathroom house. I bought it from a somewhat shady... Continue Reading →
Why I Will Always Allow Pets in My Rental Property
I used to be a strict pet-free landlord. I followed the same logic any investor might when deciding if my renters would be allowed to keep pets: Pets cause damage. They increased wear and tear, which could negatively affect my bottom line. Therefore, I simply would not allow pets at my properties. I’ve had a... Continue Reading →
5 Affordable Ways to Add Value to Your Rental Property
As a real estate investor, you want to cut down your costs to make the most money from your properties. However, stripping back spending to a point where your space is no longer a desirable rental isn’t worth your frugality. The following five ideas will marry your allegiance to smart spending with the need to... Continue Reading →