Avoiding Discriminatory Practices Before the Tenancy As stated above, one of the best ways to avoid Fair Housing complaints is to ensure fair and professional management practices for your marketing, application, and screening procedures. For example, by establishing written, objective criteria and policies that are both in compliance with Fair Housing laws and applied consistently…
In the past, it was pretty clear where I stood on the subject of allowing pets in rental units. I didn’t allow it if it could be prevented. Typically, the income would be eroded by damage and economic loss. As an owner, I now find myself beginning to change my opinion. It certainly has become…
Have you noticed that some people are really delusional? If you need proof of this statement all you have to do is watch the endless parade of singing and talent competition shows on television. Whether you’re watching American Idol, The Voice, The X-Factor or America’s Got Talent there are always performers that are painfully bad.…
If you’ve missed some of the prior articles, basic “beginner” guidelines on successful investingare in my book “Stairway to Wealth” available at LuLu.com. Tipping Point, Etc. One of my girlfriends recently retired from a suburban Water & Power company after 40 years employment. She started as an entry level clerk, but the utility expanded over…
By Patricia A. Harris Having a written criteria list for your rental applicants is pertinent in your rental business and serves several purposes. By attaching a copy of your rental criteria to each blank application form, you are informing your applicant of a list of conditions that must be met for them to be
The beauty of real estate investing is that it is in your control. You decide what to buy, where, at what price. Then, you rent to tenants of your choosing – ones who are good neighbors and caretakers of their homes. You pay all the expenses from the rent you receive,
Recently, I learned four different friends are doing something that will save each of them tens of thousands – or even hundreds of thousands of dollars each year. They’re moving. And they’re not the only ones. Many of the smartest guys I know are moving this year. They’re not just thinking about moving; they’re not…
The main difference between joint tenancy and tenancy in common is that joint tenancy creates an automatic right of survivorship. This means that when a joint tenant dies, the other joint tenant or tenants inherit the deceased’s share in the property. It’s a popular way to hold title. Married couples and family members often
As a successful investor you may have already given thought to hiring a property manager take care of your investments. This article will give you some tips and tools that you can use to help make a successful decision. Property managers exist for the management of all
As of the end of 2012, the United States has experienced the worst five-year period of economic growth since 1928-1932 and the start of the Great Depression. Following the global financial crisis and recession in 2008, and based on the historical pattern of American economic recovery since the Depression years, the United States should have…