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The Unexpected Costs Of Being A Landlord
The Unexpected Costs Of Being A Landlord Owning rental property is the dream of millions of people and not planning for unexpected costs is one of the fastest ways to destroy that dream. Investing in real estate is one of the best ways to build your wealth. The model...
Winter Property Inspections To Prevent House Fires
House Fires House fires are more common in the cold winter months. Did you know that December and January are the peak times for house fires to occur? House fires are also most likely to occur on Saturdays and Sundays between 6:00 pm and 7:00 pm. Because of cold...
December Rent Can Be The Hardest Rent To Collect
Collecting December Rent Christmas is around the corner and some of tenants have better uses for their money than paying December rent. Landlords often find that December is the month of the year that is the most difficult to collect rent on time or at all. I have...
Cash For Keys
Cash For Keys Do you have a tenant who isn’t paying rent? The most common route for getting rid of a tenant who isn’t paying rent is to go through the eviction process. Send a 7 day letter (Quit or pay) Get a court date Schedule a set out Set the tenant out This is...
When Can You Keep A Security Deposit?
When Can You Keep A Security Deposit? Are you a landlord faced with a tenant who is demanding his security deposit back? Do you know your rights as a landlord? What happens when your tenant: Informs you that he is moving out and his lease has not expired? Moves out...
Things Will Break In Your Rental Home That Have To Be Fixed
Things Will Break In Your Rental Home If you are a landlord or are considering becoming a landlord, things will break in your rental home. You need to be prepared to pay to fix stuff. Sometimes you are just fixing something that broke which is easy enough. And...
Tenants and Scheduling Contractor Repairs
Tenants And Contractor Repairs When you own rental property, repairs are inevitable. Some things just break and sometimes your tenant is rough on the house. Whether you have one repair or multiple repairs that need to be done on your rental home, you have to gain...
What To Do When Your Rental Property Burns Down
What To Do When Your Rental Property Burns Down If you are lucky, you will never have to figure out what to do when your rental property burns down. It is one of the worst things that can happen to a property you own. Three Scenarios A fire can do a little damage or...
Do You Own A Stinky Investment Home?
Smelly Investment Homes Smelly investment homes are as common as bad tenants when you are a landlord. I am not talking about the more normal damp or musty smell that often accompanies a vacant home. These smells can be gotten rid of pretty easily just by airing out...