It’s not any fun, but sometimes you have to get rid of bad tenants. Consider these steps before and during an eviction to make the process as smooth as possible. As is often the case, the best step is prevention. Be sure to thoroughly screen tenants before signing the lease. Do your research and ask the right questions. Another way [ Read More ]
Archive for September, 2010
My grandparents own a home in Florida, though they live in the Washington DC area for about three-fourths of the year. Last week they received a water bill for their Florida home that was unusually high. They called a friend to check things out and he found three inches of water in their basement. A pipe had broken and the [ Read More ]
Owning and managing a long distance property is not as difficult as it may sound. With the convenience of the internet, you’ll be able to run your general operations smoothly and easily. For starters, you can post your property ads with online resources like Craigslist. This is an excellent way to focus on a specific region and get your ad [ Read More ]
Being a landlord feels like a big responsibility when you are just starting out. Finding clients that you can trust to take care of your property and promptly pay their rent might feel like trying to find a needle in a haystack; but if you advertise in the right places and develop a good system for screening candidates, you will [ Read More ]
Depending on where you live in the world, there are different arrangements governing ownership of a property. Two main types are freehold and leasehold properties. A freehold property is one in which you own all the rights to both the land and any structures on that land. This gives you full freedom to do whatever you’d like to the land [ Read More ]
YouTube and other video sites offer you an excellent opportunity to advertise new properties and spread the word about your business. If you don’t think YouTube is worth your time, consider that 2,000,000,000 videos are viewed each day on the site. Yes, that’s two billion. Hundreds of thousands of new videos are uploaded daily, which account for about 24 hours [ Read More ]
“I am still determined to be cheerful and happy, in whatever situation I may be; for I have also learned from experience that the greater part of our happiness or misery depends upon our dispositions, and not upon our circumstances.” - Martha Washington Martha Washington has it right, your attitude is your choice. And as we all know, a positive [ Read More ]
In the UK, they have a term for real estate agents that specialize in rentals: letting agents. In the U.S. most “letting agents” take the form of real estate agents or property managers. If you are looking to rent a property but you are intimidated by the prospect of finding a qualified, trustworthy renter and maintaining a property on your [ Read More ]
If you own rental properties, it’s important to know exactly what is legally expected of you, so that you can maintain a safe and clean environment for your tenants. Doing so helps you maintain a good reputation and limit the amount of disputes and problems you have to deal with. According to the real estate experts from PMI, it’s important to [ Read More ]
Regardless of where you live or properties you own, in the civilized world all buildings have to be kept up to code. This could mean local, state, or national code, but building inspectors, fire marshals, zoning enforcement officers, and health inspectors can let an owner know whether or not their property is in compliance with the laws governing that type [ Read More ]
