Must Landlords Select Based on “First Come, First Serve”? I suspect some of this fuss stems from the fact that Kansas City is a hot real estate market. According to Trulia.com, rents in the area have increased significantly, up about $300 over the past year or so. These numbers lead me to believe that the demand... Continue Reading →
7 Advanced Tenant Screening Tips (So You’re Not Fooled by Wolves in Sheep’s Clothing)
If you’ve been a landlord long enough, you’ve had a nightmare tenant. They come in all shapes and sizes, and they cost thousands of dollars in unpaid rent, property damage, legal bills, court fees, and pulled-out hair. I’d just as soon keep those thousands of dollars and not have a conniving professional tenant or charismatic... Continue Reading →
Landlords: These Are the 4 Types of Insurance You May Need
The basics of becoming a landlord are straightforward: Buy a property in a promising neighborhood, fix it up, find tenants, and start charging slightly more than you’re paying in regular costs. But if you want to protect your assets and ensure you’re following every applicable law, things get more complicated. Consider insurance. The right insurance... Continue Reading →
I Asked Landlords for Their Best Tips: Here Are 6 Recurring Secrets to Success
As someone who teaches property management for a living, I’m always on the lookout for great tips, tricks, and hacks to cut landlord labor and expenses. So I often ask members to share their favorite tips and tactics in our landlord Facebook groups. Many of them are classics I’ve heard repeated through the ages. Others... Continue Reading →
3 Ways to Find Amazing Real Estate Deals on Craigslist
In the “good ole days,” people used the newspaper to place classified ads. Although the newspaper might still be an effective tool in some areas, a new business has emerged that is quickly putting newspaper classifieds out of business: Craigslist. Craigslist is an online classified section where it is free to post and free to... Continue Reading →