Handling Tenant Prospect Calls
Tuesday, August 04
Tenant prospects who call you usually have one question. It is the first one they ask."How much is the rent?"Tenants usually do not know the many ways your property might be different from others in the marketplace. They think one 3BR, 2-1/2 bath house with a fenced back yard in a certain school...
Alabama Tax Sale Redemption
Tuesday, July 28
I've posted about this before, but it was in the context of a longer article. I want to make sure everybody understands this concept, so it is short and to the point.Under Alabama law, the tax sale purchaser receives a certificate after the auction. That entitles him to possession of the property...
Avoid IRS Audit - Flipping vs. Investing
Monday, July 27
Most tax benefits are for investors and their investment property. People who flip properties are not investors, according to the IRS.The opposite of an investor is a dealer. If you are a flipper, you are a dealer. Dealers do not invest in rea estate, they buy and sell inventory just like WalMar...
How To Buy Zombie Mortgage Properties
Monday, July 27
Zombie mortgages need you. They want you. But, unlike "real" zombies, they are shy. You must do all the work and find THEM. Then, instead of them turning you into a zombie, you will turn them into living productive properties!First, let's define our terms. A zombie mortgage property is one that h...
Alabama Tax Sales - Receive Refund of Overbid AND Keep Property
Friday, July 24
Alabama is a combination lien and deed state. When you buy at the annual tax sale auctions, you receive a tax sale certificate of the tax lien. BUT, you are also entitled to immediate possession and can rent the property out. Most lienholders must redeem before they can foreclose their own liens...
Landlords: Toxic Mold and Tenants
Tuesday, July 07
“There was some mold on the ceiling in the family room, but I cleaned it with Clorox and everything seems to be fine now,” said no tenant, ever.Of course, we WANT them to tell us about mold, so we can investigate what problem allowed the mold to develop. But, do we have to hear about it from thei...