Archive
Train, train and retrain your tenants I tend to be an open book, especially when I mess up, because it holds me accountable and helps me to learn from mistakes. So, with that fact in mind, I’m going to tell you about something I messed up on with a rental, and then, I’ll tell you how we remedied it. I got a little lax with doing inspections on our properties during 2020. I...
Do you take pride in your rentals? As I’ve told you before, I like doing service calls on our rentals. One of the big reasons for this is I get to see how our tenants are keeping the properties. We pride ourselves on good customer service, which includes a fast response time on service calls. So when something breaks, I’m often there within a few hours. As such, the tenants don’t...
A good property management system I have been out working on rentals a lot this past week. Contrary to what you hear about most landlords, I actually like working on our properties. The reason for this is because I get to see how our people are doing, how they are keeping the house up and if they are doing the four jobs of a tenant. And just to remind you, the four jobs are: 1....
Learning new things at eviction court We are 0 for 2 in magistrate court this month. How’s that for starting a real estate investor column? Truth be told, we didn’t lose both cases. They got dismissed. The first one, which took place about two weeks ago, I wrote about in “COVID, cabinets and courthouses.” But we had to go again for a different property this week. During...
COVID, cabinets and courthouses The effects of COVID-19 have reached many facets of our lives in 2020. On the real estate business level, they have has affected our purchasing capabilities — specifically how we’ve been able to purchase materials on our rehabs. It started out with 5/4 boards not being available for building decks. Then the shortage moved into other lumber areas before the...