Archive
July 1st landlord tenant law changes A new law went into effect on July 1st of this year named the Safe at Home Act. If you want to look it up, it is House Bill 404 and it has brought about some changes you need to know about as a landlord, especially when it comes to the eviction process. If you don’t know, the laws associated with the landlord tenant relationship are defined in the...
How I do an in-home interview This week I saw a feed where someone had asked the question “what three things people look for in potential tenants?” That got me curious because we don’t look for three, but four things in a potential tenant. As I read the responses, people listed things like credit scores they prefer and job stability. One said they were looking for someone who does not have an...
Finding good tenants I was at a lunch meetup this week where one of my friends was telling me about how they are moving away from the Padsplit company and going to self-manage instead. And the biggest reason for that has to do with the tenant selection process Padsplit uses. If you are not familiar with Padsplit, it is a novel idea. Instead of renting an entire house to one family, the...
It doesn’t float uphill Yesterday was a busy day for me, and it was not things that were planned. That can be either a good thing or bad thing depending on the circumstances. Mine was a combination of the two. Let me tell you about it. We just filled a nice two-bedroom one bath mobile home last week, which made for a busy week as well. The reason for that was we needed to get all the...
Substance over form I had an interesting case come across my desk this week that had to do with a lease option going bad. At first, I typed “gone bad,” but the situation has not fully resolved, so I changed it. But it’s a great illustration of what not to do as an investor and I thought I would tell you about it so you don’t make the same mistakes. Lease options have become a popular exit...