Latest from The Brief
Not subscribed? Change that.
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...
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...
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...
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...
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...
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...
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...
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...
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...
You knew this was coming.
But it still hurts.
We told you that HB 2775 was headed to the Governor's desk.
And that he would sign it...
* shudders *
Welp, he did.
So congratulations - you're now a Section 8 Landlord!
That's right.
You must take Section 8 Tenants (if all else...
You: Hey, I’m dropping by tomorrow to inspect the place.
Tenant: I’m in Vegas for two weeks. I don’t want anyone in the home when I’m not there.
* cracks knuckles *
Oh, my bad.
Guess you didn’t get the memo (or read the lease).
You see, I don’t...
The million dollar question.
"You have the best Tenants! What’s your secret?!?”
* clears throat *
”Oh, ya know.
I check Facebook.
Maybe Google.
Nothin’ special - I just go with my gut!”
Who can argue with that?
Hmm... take a guess.
Yep -...