Having an investment property sitting empty can certainly be frustrating. Knowing that the home or unit is costing you money every day, with no incoming cash flow to cover it, may make you feel like you should take on any potential tenant, regardless of the terms. But is consenting to a month to month lease [...]
In nearly every investment property owner's life, there will come a time when a tenant moves out and you will have to consider a remodel project - or at least do some type of upgrades - before your next tenant moves in. It just happens. Things get old, broken, or outdated and need to be [...]
If you're a landlord or rental property owner, you know that keeping good tenants in place is the key to keeping money in your pocket. But what's the key to tenant retention? In the words of President Obama, let me be clear: It is money in your pocket if your tenant renews their lease [...]
In the below video, I speak briefly on the tenant screening mindset that all landlords should try to establish the first time they meet a potential tenant to try to answer the big question - Is this person someone you want living in your home? As part of our Landlord Tips series, I talk about [...]
No one is born a landlord. Nobody is born with the investor mindset. Some choose to become landlords as part of an investment strategy. Others become ‘accidental landlords’ when a job transfer or other unpredictable life event forces them to rent their former residence. Regardless, to be a good landlord requires a little finesse, a [...]