What Liability Do You Assume When You Allow Pets In Your Rental Property?

What Liability Do You Assume When You Allow Pets In Your Rental Property? There has been so much discussion on BiggerPockets about whether or not you should allow pets in your rental property. This is also a topic that comes up frequently at our REIA group.Some folks feel very strongly (like I once did) that they always end up damaging the property, so they just don’t allow them. Other landlords welcome pets and feel they get better tenants. What I found in my business, was that if the … [Read more...]

12 Tips for Being a Good Landlord and Having Happy Tenants

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...]

Reduce Your Mobile Home Vacancy Rate

Reduce Your Mobile Home Vacancy RateHaving a vacancy in your investment mobile home is an inevitable part of the mobile home investing business if you will be renting or selling (via payments) a mobile home inside a park or attached to private land. Although this vacancy process can be thought of as an unpleasant experience, with just a few attitude and business adjustments you can continue business as usual the next time you have a mobile home vacancy.In the start of my career I experienced an … [Read more...]

When Tenants Leave Your Rental

When Tenants Leave Your RentalEarly last week I got the call that no landlord looks forward to. It wasn’t that my tenant had destroyed the property or that she couldn’t pay rent, but my tenant told me she was going to move soon because she was buying a house. The truth is, even though I hate to see her go I was happy for her. She has been with me about 5 years and has been ideal in every way. She has always paid the rent on time and is one of the cleanest people I have ever met. Planning for … [Read more...]

Should Investors Require Renter’s Insurance From Their Tenants?

Should Investors Require Renter’s Insurance From Their Tenants?Renters often believe the landlord is liable for everything that happens on the property–including any damage to their personal belongings. But this is not always the case.More likely, the landlord’s insurance will only cover damage to the building, while an uninsured tenant will have to pay to replace their belongings.Read the full post here... … [Read more...]

Getting Rid of Problem Tenants with Cash for Keys

Getting Rid of Problem Tenants with Cash for KeysBuilding a profitable buy and hold rental property business can be tough. A lot of folks fail to treat this as a business and end up getting into trouble. Having systems and following those systems is so important if you are to be successful and keep your sanity.It’s pretty easy fly by the seat of your pants when you only have a few properties. Later on when you have added more rentals, it gets much harder.In the beginning when I bought my first … [Read more...]

Pets in Your Rental Property?

Pets in Your Rental Property?This has been a subject that has been debated for as long as I can remember; whether or not to allow your tenants to have pets. What I have always found, is that it really doesn’t matter what your policy is. They are probably going to bring them whether or not you actually allow pets.When I bought my first couple of rental properties, I was very clear that I didn’t want pets in my houses. I didn’t want to have to replace the carpet after each tenant because of … [Read more...]

How to Evict Your Tenants without Using a Forklift

How to Evict Your Tenants without Using a ForkliftRental Property Woes?  I came across a headline which read, “Man Charged With Attempted Murder in Forklift Attack.” Apparently, the guy was a landlord who had some tenants in a mobile home who weren’t paying rent. He tried to get them to leave the home but they refused. That’s when he drove a forklift into the home over and over to see if this method of eviction would work a little bit better. It did not, and now the man is sitting in … [Read more...]

Use of Lease Option Agreements

 Use of  Lease Option AgreementsA lease option agreement between the landlord and tenant can be an advantageous arrangement for both the landlord and tenant. However, there are pitfalls that you as a landlord need to be mindful of so that the agreement can be drawn to work to your benefit.What is a Lease Option Agreement?The simplest definition of a lease option agreement is the [...]Should Landlords Use Lease Option Agreements is a post from: Real Estate Investing Blog For Real Estate … [Read more...]

Testimonials To Build Your Real Estate Business

Testimonials To Build Your Real Estate BusinessEntrepreneurs that happen to be real estate investors,  are constantly looking for ways to grow our business. We spend a lot of time marketing for motivated sellers, adding quality buyers to our buyers’ list, and looking for tenants for our properties. But once we have those people on our list, what do we typically fail to do? Figure out other ways to build our credibility and make  money from these contacts.What can we do with our motivated … [Read more...]