Rental Property Owners today face many risks and exposures and they are not aware of what they are covered for. Many are not covered for what they should be and that accounts for millions of dollars in uninsured claims each and every year. This is why it’s so important for rental owners to have a…
A version of this article by Dr. Steve Sjuggerud first appeared on March 24th in the Daily Wealth Premium, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. “Everyone here says Los Angeles is in a housing bubble,” my friend in L.A. said to me this…
President Trump’s Economic Plan to Reach 3-4% GDP Growth I get the impression that many (if not most) Americans don’t understand what Donald Trump’s economic plan is. That’s understandable since Mr. Trump said many different things about his economic plan during the campaign. The questions that we as investors need to answer are three-fold: 1)…
In our previous article regarding emotional support animals published in April 2017, we inadvertently used the term “service dog” when we should have used the term “emotional support animal”. Under federal law “service dog” has a specific legal definition. We did not intend the article to be about service dogs. We regret this error in…
If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 19: It turned out that the zoning in most, but not all, of the area accommodated two or three units per 5,000 sq. ft. lot. He explained to her…
If I was in a room of landlords and I was to ask, “What are the issues you’re having with tenants?” I would hear a number of responses, including: “Tenants don’t pay on time.” “Tenants don’t take care of my property.” “Tenants are all nightmares to deal with.” “Tenants are always suing and trying to…
1. Hasty “Fill the Chair” Decisions When you’re short-staffed, it’s tempting to hire quickly rather than thoughtfully. Don’t accept average; fight for superior. The financial value of a great salesperson is in the rental income produced and retained. Hiring the wrong person can cost dearly.
9 Tips When You Visit Your Rental A landlord is about to make their first interior visit to their rental property with this set of renters. This same landlord wanted to know, what should be the goal of the visit? Is the goal just to do a visual check that nothing is falling apart, to verify that there are…
Screening tenants is a vital part of the job of a landlord or property manager. While most of the criteria – credit score, income, employment – by which prospective tenants are screened, are straightforward to evaluate, one in particular is not – criminal background.
For years, AOA has asked us for nightmare tenant stories and no one has ever sent one in. Well, here is my story. Hopefully, future new owners will learn from this. Back in 1980 I bought my second apartment building. It was a six unit building in Redondo Beach one block from the beach. Because…