Operating rental properties and dealing with your tenants are not separate jobs. They are inseparable parts of landlording. I owe a great deal of my real estate success to my landlording abilities. Some folks argue that professional property managers are paid a decent percentage of the gross rental income to relieve owners of this thankless…
Finding a Tenant Avoid renting to any prospective tenant that speaks in bravado, or brags of their accomplishments, their history, employment, or the amounts of money they have. This person will eventually abuse you.* Beware of any prospective tenant that is a, lawyer, accountant, property manager or former police officer. These people have the knowledge, skills…
The following is a letter to our 15 year-old Grandson, Jack who asked how we became successful landlords. Dear Jack: We can tell you are well on your way to being a successful businessman, by asking for our advice. So here goes!!!