As an investor, you likely have contractors you know and trust, especially if you’ve been in the real estate business for a while. Because you know and trust them, you’d like working with them when you need repairs or maintenance done. And that makes sense! I always invite my landlords to use their own contractors... Continue Reading →
5 Habits You Didn’t Know Were Essential for Landlording
There’s no such thing as landlord school. Most landlords just do a little reading online and dive right in. Which is fine – but it also means many new landlords are ill-prepared for the work of being a successful landlord. Far too many landlords fail to bring a level of professionalism to their landlording side... Continue Reading →
12 Tenant Nightmare Stories I Swear Are Actually True
I used to think that I knew what nightmares were. Then I became a landlord. I’ve seen so many types of nightmares since I began this landlording journey, things I did not even know could exist. I’ve seen mold so thick it even covered the spider webs. I have seen rotten floor joists holding up... Continue Reading →
The 5 Most Frustrating Turnkey Rental Issues Investors Face
I want to share the challenges I have seen with turnkeys, so if you are possibly thinking of investing in one or more of them, you can set your expectations accordingly and look for various ways to mitigate risk. Before I go on, though, I want to clarify a major point. The problems and challenges... Continue Reading →
10 Not-So-Obvious Ways to Thoroughly Screen Potential Tenants
As a property manager and landlord, I have learned that screening can be the most important element in owning a rental property. Picking the right tenant on paper and in character sets the tone for the next 12-24 months for your investment. This means if you have a great tenant with a smooth system in place,... Continue Reading →