Hi, I’m Debbie
Becoming a successful landlord
doesn’t happen by accident.
I teach landlords who are struggling, the exact systems needed to confidently find great tenants, manage their rental properties, and help eliminate the common problems landlords face.
Becoming a successful landlord can be a complicated endeavor if you don’t know what you are doing. Sure, we all know those people in our area who are well known, successful landlords.
Whether they decided to become a landlord or became “accidental landlords”, they figured it out and made it work. They are happy and living the dream.
The landlords who weren’t so lucky are forced to stand by and watched helplessly as their properties lose money hand over fist. For some reason, things didn’t work out for them and being a landlord became a terrible nightmare for them.
These poor landlords had to watch their dream of a steady, monthly income go down the drain.
Landlords don’t lose money due to a lack of trying.
These landlords:
- Ran the ads
- Got tenants in their rentals
- Fixed problems
- Seemed to do everything right.
But, they didn’t have effective property management skills that would allow them to succeed in becoming successful landlords.
You Can Be A Successful Landlord
This is something you can learn if you to do if you have the motivation or you can hire someone to manage your rentals for you. Remember the four tips below.
4 Tips To Being A Successful Landlord
Run it like a business
Whether you are a full time landlord or this is just a side, part-time business, have systems in place and follow them! For example, it’s OK to be nice to your tenants, but if they get behind, start the eviction process.You are a business owner so act like one!
Aggressively screen your prospective tenants
I have found that most people talk a good talk and it can be difficult to tell if they are telling the truth. Run credit, check their references and talk to their landlord. Past history is an indication of how they will pay you and treat your house. Click here to learn how to pre-screen prospects.
Treat your tenants well
A good, well paying tenant will hopefully stay for years and will think twice about leaving you if you treat them well. What do I mean by that? Fix maintenance issues promptly, check in periodically and make sure things are going well, send a Christmas card, etc. It doesn’t take a lot to make them feel appreciated.
Know when to get help
Let’s say you have a tenant not paying rent and you are not exactly sure how to start the eviction process, you need to find someone who can advise you. No one knows everything and this is just one example of when you might need to consult an expert!
Blog
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How Do I Find A Great Tenant?
How To Find A Great Tenant Landlords are always looking for a great tenant. The question is, how do you find one? I was online earlier and someone ask everyone in a group if they have had mostly good paying tenants or mostly bad paying tenants over the years. Of...
Follow me here. I am here to help you navigate this adventure to becoming a successful landlord and take control of your future.
You can become a successful landlord and have a great monthly income, all without losing your mind!
Yes, it can be stressful, but the rewards outweigh the problems usually.
You can become a successful landlord and have a great monthly income, all without losing your mind!
Be sure and join the Commonsense Landlording Facebook Group for more tips