Have you ever had more vacancies than you could handle at one time? Were any of those tenants slow-payers before they became no-payers and moved out or were evicted? As landlords, we should ALWAYS be actively managing our vacancy rates. My rule for managing vacancies with slow-pay tenants is to create the vacancy on MY […]
Have you ever had a tenant move out in the middle of the night? No warning, no call, NOTHING… Well this can be very frustrating or even scary if you NEED the rent to pay your mortgage. My first piece of advice is don’t panic. Don’t focus on the anger and frustration of the situation; […]
Landlords always want to know how to stop tenants from making late payments. Well, the answer is easy… just never let the start making late payments, and you won’t ever have to worry about how to stop them. Easier said than done? Not really. The best way to manage your tenants is to make […]
The old adage “an ounce of prevention is worth a pound of cure” is true for Real Estate also, and tenant screening is our “ounce of prevention”. The best way to make sure you get great tenants is to SCREEN THEM, but the biggest mistake most landlords make is NOT screening their tenants. To become […]
I know it sounds too good to be true, but it’s NOT… REALLY! So here’s the scenario. You have a tenant who has not paid rent, and you know that you will likely NEVER get paid. Well, if your lease is written correctly, you should be able to seize personal property (check your state’s property […]
I’d like to introduce myself. You can call me BrokerOwner, because that’s what (and who) I am. I’ve been involved in Real Estate for over 13 years, and have had the pleasure (or displeasure) of meeting every type of tenant. The good, the bad and the dirty (lol). I’m writing because I have been burned […]
