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Overheard a Tenant in the coffee shop Oct 20, 2022

Overheard a Tenant's phone call at the coffee shop today:

"Oh, not much.  Doing a few chores around the house."

* hears snarky voice on other end *

"Nah, it's cool.  My Landlord discounts rent when I help out!"

Hmm...

Appreciate the team spirit, bud.

But it's not smart.

At least for...

Read on...
How to avoid resending an eviction notice Oct 11, 2022

It's sad but true:

At some point, a Tenant will break your lease.

And when they do, your next move better be right.

Let's say a Tenant keeps firing up cancer sticks in the home (despite the whole "no smoking" thing).

You would serve them a 10-Day Notice to Quit.

This says what they did...

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Step #1 when a Tenant moves out early Sep 29, 2022

It's a hassle to find good Tenants.

So when you do, locking them up for a year helps.

But life happens.

Some Tenants get fired.

Others chase big kid money.

Maybe someone *finally* leaves that neurotic ex.

It doesn't matter why.

They're leaving before the lease ends.

Which means you gotta get...

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One of the dumbest things we hear Sep 21, 2022

One of the dumbest things we hear from Landlords.

"But, but... it's in the lease!"

Here's the truth:

A great lease stacks the deck in your favor.

But you can't sit by willy nilly hoping the Tenant plays along.

Case in point: furnace filters.

Any killer lease makes the Tenant change...

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Confronting this cocky teenager Sep 14, 2022

Pop quiz...

What makes a bad Tenant worse?

* cue Jeopardy music *

A Tic-Tok teenager who thinks rules don't apply to them.

It gets worse...

They're *kinda* right.

The kid didn't sign the lease.

No big deal. 

You can't hold a minor to a lease anyway.

But that also means you can't...

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Make money with this lease term Sep 01, 2022

Want to make money (without lifting a finger)?

Of course you do.

Yeah, it sounds fishy.

But hey - you know we wouldn't lie to you!

Here's how:

Increase rent if the lease auto-renews.

It's that easy...

Let's say you sign a one-year lease.

But you got lazy busy and forgot to sign a...

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Can you spot a counterfeit? Aug 23, 2022

We got a call the other day.

Turns out, there's a new scam in town:

Tenant's lying about money.

Well, kinda.

Here's the scoop.

Tenants have a job, but they give fake paystubs with rental applications.

Why?

  • Add a few hours / week (shows more money)
  • Give a slight raise (on paper)

Odds are...

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Getting sued for lead paint Aug 05, 2022

So this Landlord got a letter from the EPA.

The Tenant let them in on a little secret:

The Landlord didn't give a lead paint disclosure before moving in.

* hears nervous laughter *

And that's a problem (asking for a friend)?

You must give a lead paint disclosure & pamphlet to Tenants for...

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Don't make this rookie mistake Jul 30, 2022

As a Landlord, you gotta make money.

Shoes to buy, mouths to feed.

You do this with rental income.

But sometimes the real estate market turns hotter than a turkey fresh outta the oven.

And when it does, you may want to cash in and sell a house.

Make sure the lease lets you end a tenancy if...

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You owe me Jul 18, 2022

If you're a Landlord long enough, someone will owe you rent.

And there's always a sob story reason.

Out of town for a funeral.

Hours cut at work.

The new iPhone released, so...

The line of excuses are longer than a Chick-fil-A drive-thru.

Now listen, empathy ain't bad.

But it doesn't...

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Don't use your name Jun 23, 2022

You get it.

Being a Landlord is risky.

And Lady Luck ain't always on your side.

So you took advice from smart lawyers and started an LLC.

They rambled on about the LLC being a "separate entity."

And how it helps protect your stuff when if you get sued.

Yada yada yada.

You're...

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Do this or your house will burn down Jun 07, 2022

Uncle Sam is smarter than you.

And his laws make your life suck keep you safe.

Case in point:

You've gotta ditch removable batteries in smoke alarms.

Only 10-year sealed batteries will do.

For fun, we asked the retired hippie working the Lowes aisle about sealed batteries.

Good...

Read on...
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