Fear and proactivity

Fear and proactivity

Fear and proactivity   I think that you will agree with that me that there’s a lot of uncertainty going on right now. And people do some strange things when they get scared. If you don’t believe me, go check out the toilet paper aisle at the grocery store. Now, I’ve had to make a run, or perhaps more of a waddle, for toilet paper before. But I’ve never seen…

Application with push-button capability

Application with push-button capability

Application with push-button capability   We’re about to see some things change dramatically in the way we market our rentals. Our normal procedure has been to go take pictures and videos of a property, upload them to Zillow’s Rent Manager and then use that link to post the property all over Facebook. We still put signs in the yards, but most of our calls come from online sources these days….

Safe, secure income

Safe, secure income

Safe, secure income   “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man.     This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…

What does a day look like?

What does a day look like?

What does a day look like?   I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday.   I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…

Holidays, vacancies and late payees

Holidays, vacancies and late payees

Holidays, vacancies and late payees   I got a call recently from someone needing advice about their landlord/ tenant relationship. This caller was the tenant, rather than the landlord.   This tenant was upset that they had just received — and I quote — “a nasty letter” from their landlord. The letter said the tenant either needed to pay what was owed in full or move from the property.  …

It came back to bite us

It came back to bite us

It came back to bite us   Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought.   Let me walk you through the major parts of our tenant selection process and then show you how not sticking to it resulted in us getting a house back in poor condition for the first…

Move-in inspections

Move-in inspections

Move-in inspections   I was out doing service calls on some of our rentals yesterday. There’s a reason for that. It’s mainly that I like to handle the repairs listed on a newly installed tenants’ move-in inspection sheet. First, let me tell you about the importance of the move-in inspection process, and then, I’ll explain why I like to handle those repairs myself.   During the lease-up process, which is…

Start the ball rolling

Start the ball rolling

Start the ball rolling   Does this scenario sounds familiar?   Rent is due on the first and late after the fifth. After 5p.m. on the fifth, you send a letter of demand via email and a text that says the tenant needs to pay or move from the property by the ninth. If not, you’ll have to file dispossessory at court.   On the morning of the ninth you…

What can an in-home tell you?

What can an in-home tell you?

What can an in-home tell you?   I’m sure you have all heard the horror stories of some poor landlord who took the first person with money who came along and rented to them their nice, newly renovated rental home only to have it destroyed in a matter of months, right?   While that does happen, there’s something you can do as a landlord to limit and pretty much prevent…

Our first occupied sit-out

Our first occupied sit-out

Our first occupied sit-out   We recently had to do one of the most uncomfortable things I feel like a person has to do as a landlord. It’s called a sit-out.   If you don’t know what that is, a sit-out is the culmination of the dispossessory proceedings. It’s where the landlord has to go in and physically remove all of someone’s personal possessions from the interior of their property…