Rent Grace Period and End of Lease Month to Month.
Wednesday, September 27
As a landlord, the most important task you will have is collecting rent and collecting it on time so you can pay your mortgage. In different states there are different rules so check your state statute before adding items to your lease. Most landlords give a grace period. Why? I guess they feel s...
Determining Rent For Your Market
Sunday, August 20
As landlords, we all come to the point where we need to figure out what is the best rent to charge for a vacant apartment. As a broker, I've dealt with home owners who have one or two units and they have this idea that they don't want to charge too much and have people who can't afford it fail on...
Seller Rents After Closing
Monday, August 07
Recently I closed on a great deal. My neighbor sold me his 3 family home for a really good price. A whole different story but for now I would like to focus on them staying as a tenant until they closed on their new home.During the negotiation phase my neighbor asked if they can stay until they cl...
How a Ponzie loss turned into an apartment investment gain
Thursday, July 06
Getting burned by a ponzie scheme inspired me to grow a successful real estate portfolio.Just after the turn of the new Millennium back when everyone was worried about Y2K and loss of their company data and how it was going to effect their business, I was researching how I was going to invest a s...