Wednesday, January 16, 2019

What to Do When a Bad Tenant Asks for Reference?

If you have been a landlord for some time, you have good and bad experiences with your tenants. You can forget a good quality tenant, but it is hard to forget bad tenants. How can you forget a cunning tenant who walked out in the middle of the night without paying his due rent? You still feel bad and wish to get a chance to take revenge ...

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Tuesday, January 15, 2019

Standardization is the Key to Maximizing Profit Potential

As a real estate investor, you carry out rehab in most of the properties you purchase. It is a difficult and costly process that is different with different real estate properties. However, one thing that makes these rehabs desirable is the fact that they add value to a property. But you should not be concerned only with this aspect of r...

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Sunday, January 13, 2019

Self-Directed IRA: Tool to Help in Retaining More Money

As a real estate investor, you can hope to make lots of money. But what matters is not your income but how much you can retain by the IRS. Apart from taxman, others looking at your money are the contractors, your tenants, and the stores form where you buy your supplies from. You must work hard to keep the money you earn in your poc...

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Thursday, January 10, 2019

Rules of the House and the Landlord

A landlord needs a set of rules just as a bank, a hospital, or a school has certain rules and regulations to be followed by everyone. House rules in a rental property apply to all the tenants and they are expected to abide by these rules. Talking of rules, even small kids know they must follow certain rules and regulations made by their ...

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Wednesday, January 9, 2019

Scams In Real Estate

Internet has made the work of real estate investors very easy. However, web is also a place where lots of scams continue to take place. One interesting method used by scammers to dupe people is to take photos of properties form internet and use them to attract potential renters. They describe the property in an alluring manner and then l...

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Tuesday, January 8, 2019

Understanding Damage Arising out of Normal Wear and Tear

One of the most contentious issues between tenants and landlords is the damage caused to the rental property. Every landlord has a desire to see his property in top condition all the time. They deduct money from the security deposit of a tenant if they has caused any harm to their rental property. But is this damage genuine or caused by ...

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Monday, January 7, 2019

Tenant Screening: How to Stay Safe?

If there is one thing that landlords dread the most, it is bad quality tenants in rental property. Therefore, all landlords pay great attention to tenant screening and begin the process soon after receiving an application. It is this tenant screening that saves landlords from the blushes and the financial harm caused by bad quality tenan...

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Saturday, January 5, 2019

Setting Realistic Expectations in the Minds of Tenants

You carry certain expectations when you attend your college on the first day. You later reset your expectations based upon what you see and experience in the classroom and other places in the premises. Your teachers play an important role in resetting your expectations. The same is the case with tenants. They move into your property carr...

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Friday, January 4, 2019

Reasons why Landlords appear so Stressed Out

Being a landlord is not an easy task. To an outsider, landlords are a happy lot as they are getting passive income from their properties without doing anything. What these people do not know is that a landlord must perform many roles and responsibilities to earn income through his property. It is only when these people get a chance to se...

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Thursday, January 3, 2019

Misconceptions about a Real Estate Investor

There are lots of articles in magazines and realty websites saying incorrect things about the role of a real estate investor. Builders, developers, and landlords are often ridiculed for their focus upon profits. One also sees demands from certain sections of the society for regulation of activities of these individuals. There is a mispla...

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