Question One: I own a fourplex. One of my male tenants, who has been in the building over five years, is complaining about a new female tenant. In an email to me, he states that her voice is too loud and that her dog is barking too much. He even told her to “Shut up”…
DetailsHello everybody. Let’s start with a multiple choice question about options: Assume that the landlord gives his tenant an option to extend the term of their lease by five years provided that the tenant exercises the option in writing on or before Sunday, January 1, 2017.
Earlier this year, Zillow® announced its predictions for the ten hottest housing markets in 2016. Topping the list is Denver, followed by Seattle and Dallas-Fort Worth, all of which are major tech towns – ideal for job growth. Other places that made the list are Utah markets Ogden and Salt Lake City, along with Omaha,…
DetailsRental housing crime studies have repeatedly shown that moderate to high-crime problems can usually be traced back to a small percentage of residents. Those causing the crime problems are often the acquaintances, ex-spouses, or boyfriends of a legal resident who decided to move in without your permission.
Tenant retention provides a huge advantage to any property management company who devotes the time and energy. You save your property owner’s a ton of money by eliminating expensive costs getting the unit rent ready again. Painting, cleaning, yard work, and minor carpentry repairs can easily run $1,000 to $2,000 every time a tenant moves…
DetailsAggressive and threatening phone calls by criminals impersonating IRS agents are once again increasing with the start of the 2016 filing season. The calls threaten police arrest, deportation, license revocation, bank account seizures, and a number of other threats.
One of the greatest joys for me is to watch others succeed as real estate investors. I am always amazed how some investors jump in and can create profits from almost any deal, while others seem to struggle with each step they take.
1. Walk through the unit and show them where everything is. If you think this step isn’t important, just wait until you have a water leak, your tenant calls you and hasn’t turned off the water because he doesn’t know where the shutoff is. There’s more to it than that, though.
DetailsQuestion: You seem to be a person who has learned the same way I have, through the school of hard knocks. One of the things I like about you is that you are willing to admit that you have made mistakes and you are willing to help others avoid learning the hard way. If you…
DetailsAn interesting thing happens when people become successful real estate investors: like any true convert, they start to want to proselytize. And one of the primary characteristics of any good missionary is the desire to emphasize the good and de-emphasize the downsides of ones’ religion.