Landlord Advice

Theft-Proof Rehabbing

By Pete Youngs - Real Estate Blogger One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it is always inconvenient. From neighborhood kids...

Who Can You Give Blood To?

By Brad Beckett Do you know your blood type or that of a close family member? Statista says it might surprise you to learn that an awful lot of people have no idea, and even less know how compatible their blood type is with others if it were to come to an emergency. Today's chart (using data from the American Society...

The Importance of Kickout Flashings

Hello! It’s hard to believe that October is already here. This month, we wanted to cover one of the most commonly noted items in our inspection reports… kickout flashings. Questions regarding kickout flashings have come up a few times this month and we thought it would make a great topic to share with you. Read on to get a quick overview...

Why You Should Get Going with Corporate Rentals

Landlords have always had the ability to woo business travelers to their rentals. But now that online travel agencies such as Airbnb, HomeAway, and TripAdvisor have gone mainstream, it’s easier than ever! Let’s define a corporate rental as a dwelling that’s lease directly to a company or a business traveler who has a housing allowance. If a company is paying for the...

Here Is an Ounce of Prevention

By Jeffery S. Watson Dear Investor, The second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. I want to share something I have noticed recently. I have had three similar cases come across my desk in the last five weeks, which means it’s something that deserves attention. Investors who own properties that...

3 Months of Bank Statements

Bank statements [WI] Once I settle on a candidate to rent one of my properties, I require 3 months of bank statements. I've found it to be one of the best predictors of successfully paying rent. Do any of you do this and what are your thoughts. Bank statements [MI] My ideal tenants are two adults in their mid 20s to...

Burned by Your Homeowners Insurance

Dear Investors, I want to thank all of you who sent suggestions, thoughts and encouragement after my previous email on homeowners insurance. I am currently going through the process of buying insurance on a property I recently acquired in a subject-to transaction. The existing insurance carrier will not insure me because they do not also insure my primary residence. For those...

Pay Yourself!

A landlord shares something he neglected to do when he first started out, which he encourages all landlords to do: "One thing I neglected to do during my early investing years was figure out what my time was worth. I started this game like many small time ma and pa investors: I did everything except stuff I wasn't licensed to do...

Don’t Leave It Up to the Judge!

An experienced landlord has learned the hard way about the importance of coming to an agreement with a resident or former resident PRIOR to going before the judge. Here's the landlord's account in his own words of what happened just this month when he and a resident went to court regarding non-payment of rent. [IN] Had eviction court yesterday. Been 6...

Tough Times Ahead… Analyze More Than Just an Applicants’ Income.

by Scot Aubrey Everyone loves a good survivor story.  Whether it is a group of 12 boys rescued from a cave in Thailand or the indomitable spirit of a soldier who endured more than two and a half years as a POW during World War II, these stories strike a chord with all of us.  Naturally we put ourselves into the...