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 →
5 Steps to Raise the Rent on Newly-Acquired Tenants
Sometimes you inherit tenants when you’re an active rental investor. Many landlords instinctively want to keep inherited tenants to avoid vacancy, property updates, and the other costs and headaches that come with turnovers. Some will go so far as continuing to accept far lower-than-market rents to avoid rocking the boat. Other landlords view all tenants... 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 →
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 →
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 →