12 Tips for Being a Good Landlord and Having Happy Tenants Every landlord would like to lower the turnover in their properties. It’s costly to attract and retain good tenants, not to mention the costs you incur when they move out and you have to turn a vacant rental. It just makes good business sense to strive to have happy, long term tenants in your properties. However, that doesn’t mean that you shouldn’t have good systems in place and treat this like a business. Here are some … [Read more...]
Dealing With Tenant Drama: Are You Ready?
July 19, 2012 By Leave a Comment
Dealing With Tenant Drama: Are You Ready?Tenants are the reason we survive as landlords. By paying their rent, tenants put gas in our cars, food on the table and hopefully a little money in the bank. Tenants, however, are human, and being human means they bring drama. Are you ready for it?Sometimes the drama is petty.“My roommate and I don’t like each other anymore, she needs to leave.”Sometimes it is more serious.“I lost my job.”You as the landlord need to be ready to deal with … [Read more...]
Four Landlording Mistakes You Should Avoid…
May 27, 2012 By Leave a Comment
Four Landlording Mistakes You Should Avoid…They say the definition of insanity is doing the same function repeatedly hoping for different results. If this is the case, you can call almost every landlord insane!As a landlord, I too tend to commit the same mistakes over and over, despite fully knowing the error I am making. I compiled this list as a lesson to myself, and if it can help others along the way avoid these – then my mistakes have not been in vain! Without further ado:Five … [Read more...]
Tenant Screening Failure: How to Avoid a Similar Fate
April 26, 2012 By Leave a Comment
Tenant Screening Failure: How to Avoid a Similar FateAs landlords we know that one of the most critical jobs we have is screening and selecting tenants. We know that if we get this part correct that our relationship with our selected tenants will be a profitable one.So, imagine that you have done your tenant screening job well. You collected references (landlords and employers) and checked them out. You inspected their current residence. You performed background checks. Everything … [Read more...]
So You Want to be a Landlord?
February 7, 2012 By Leave a Comment
So You Want to be a Landlord?Several days ago I read a great post by Michigan landlord, Dennis Fassett, in the Biggerpockets blog section (article). It would have been hysterical if only it wasn’t so true. He discussed what he called The Boyfriend Disorder. He wrote about what happens when a prospective tenant shows up to view a property and has her boyfriend tagging along. In between the laughs, I cringed.Having spent two decades as a real estate investor, half of that time as a landlord of … [Read more...]
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