Stop Doing Nothing: Practical Steps to Help You Move Forward
I have a friend who has considered rental property for years. He has read all the same books as me, attended a few seminars, and …
Thoughts on Telling a Tenant No
A friend from church called me a while ago and asked if I was willing to rent to an elderly woman and her daughter at …
Values Matter, Regardless of Business Size
The purpose of this article is not to provide conclusive instructions on how to craft business values (a simple Google Search can connect you to …
Why a Business Plan is Important to Your Rental Business
When I first started in the rental industry (about a decade ago), I didn’t have a clear strategy. My goal was to act like a …
6 Critical Relationship for Landlords: Part 7 – Insurance Agents
For the vast majority of rental property owners, insurance is absolutely necessary. While insurance companies are great at taking premiums, they do offer valuable services …
6 Critical Relationships for Landlords: Part 6 – Attorneys
In any sort of business, it’s essential to have a relationship with an attorney you trust. While attorneys sometimes get a bad reputation, I’d argue …
6 Critical Relationships for Landlords: Part 5 – General contractors
In real estate, it’s all about having a good product to rent. Whether you fix up a property from the beginning or buy a property …
Renting vs. Buying
There are great reasons to rent and there are great reasons to buy. In any transaction, you need to evaluate what you can afford, what’s …
Management Philosophies and Setting Rent Rates
Management Philosophies I find that there are two common management philosophies when it comes to dealing with rental properties: the Cash Cow Model and the …
Managing Rental Income
It’s critical to have a good rent-collection process in place if you want to have a successful rental property business. Without specific guidelines established, …