What To Do If Your Tenant Skips Out
Saturday, July 25
If you have a tenant that all of a sudden has dropped off the grid, it’s frustrating. Unfortunately, your options as a landlord have been curtailed by some federal and state regulations centered around COVID-19. Here’s some advice about what to do if your tenant skips out. Don’t Jump to Conclusi...
Pros and Cons of Offering Month to Month Leases
Saturday, April 18
As a landlord, you know that vacancies should be avoided at all costs. The most commonly used method to avoid vacancies is to have tenants sign annual or 2-year leases. But there may be certain conditions where it’s favorable to landlords to offer month to month leases, too. Here are the pros and...
The Cheapskate’s Guide to Rehabbing a Flip
Tuesday, October 08
They say you make your money when you buy. Even so, you can really wreck your profits if you don’t watch your wallet when you rehab. If you’re doing a rehab for the sole purpose of flipping, you don’t need to vie for an interior designer award. Just get in and get out with as much cash left in yo...
3 Reasons Not to Raise the Rent
Wednesday, July 31
Most people will tell you that raising the rent is a good thing. In fact, a lot of landlords and/or property managers raise the rent as a matter of course whenever the lease term comes up for renewal. But there are sound arguments against raising your rents. 1. A Good Tenant Might Leave if you ...
Be Cautious About Overspending on Rehabs
Friday, May 17
When doing rehabs on fixer upper properties, be careful to avoid overspending. Spending too much time and money on the rehab takes its toll on your budget as well as over factors. These are some of the dangers:No Budget Left For Critical IssuesWhen you’re too loose with your money on cosmetic “ni...
Top 5 Real Estate Podcasts That Are Actually Worth Your Time
Wednesday, April 17
Most busy people listen to podcasts while they’re driving, exercising or doing something else. That’s a great way to get two things accomplished at once. But if the podcast isn’t offering valuable information or the talk isn’t relevant to the subject, it’s not really a use your time. You could ha...