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May 5, 2016
How to Use Flyers to Get a Unit Rented (Part 1)
By Robert L. Cain, from the upcoming book Get It Rented: Effective Marketing for Rental Property Pat called me about her rental property. It wasn’t rented. It had sat vacant for three months while her property manager ran ads. She couldn’t understand why there was no renter, yet. I looked at the ad in the […]
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February 4, 2016
How to Catch a Liar
By Robert L. Cain Don’t you wish that bad tenants had a big red “B” on their shirts like the “A” Hester Prynne had to wear on her dress in The Scarlet Letter? Then you wouldn’t have to play a guessing game about whether to believe their sob stories and their “variations” of truth about […]
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August 7, 2015
Angie’s List’s Dirty Little Secrets
By Robert L. Cain We see their ads constantly about being able to check out contractors and other businesses to get “Reviews You Can Trust.” I do that regularly and have had mostly good luck finding contractors to do work for me, but I had questions about how Angie’s List deals with the contractors and […]
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Tenant Screening, Selection & Management
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How to Catch a Liar
By Robert L. Cain Don’t you wish that bad tenants had a big red “B” on their shirts like the “A” Hester Prynne had to wear on her dress in The Scarlet Letter? Then you wouldn’t have to play a guessing game about whether to believe their sob stories and their “variations” of truth about […]
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The Pet Interview
by Robert L. Cain They’ll do about anything to keep their family together. To the majority of people who own pets, their pets are family. Of course, renting to people with pets can be fraught with peril to the property. But we can allay the risk by making pets qualify just as tenants do. After […]
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The Landlord Scam
By Robert L. Cain I was flabbergasted when I read about Dave. He is a landlord who was scammed by a fraud he should have spotted in short order. But Dave was in a hurry. He had no tenant and the mortgage payment was coming up in a few days. He thought he had a […]
Legal
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The Most Common Way Landlords Lose an Eviction
By Robert L. Cain Ben and Bertha Bad Tenant were ecstatic. They were so ecstatic that they danced around the room to “Something New” by Axwell and Ingrosso and turned it up loud. But this was nothing new. They had just received an eviction notice from Larry Landlord because they hadn’t bothered to pay rent […]
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Dodd-Frank and Seller Financing
By Robert L. Cain So you want to sell that rental property, and you’re going to carry the paper. That has long been an excellent way for investors to sell rental property while keeping an income stream. But watch out; in order to protect us from ourselves, Congress stepped in. They passed two laws that […]
Marketing
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May 5, 2016
How to Use Flyers to Get a Unit Rented (Part 1)
By Robert L. Cain, from the upcoming book Get It Rented: Effective Marketing for Rental Property Pat called me about her rental property. It wasn’t rented. It had sat vacant for three months while her property manager ran ads. She couldn’t understand why there was no renter, yet. I looked at the ad in the […]
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May 6, 2015
5 Ways to Keep Good Tenants
By Robert L. Cain How much does it cost to find a new tenant? We lose at least a month’s rent. Then there’s the advertising and marketing costs, the trips to the property for showings, the time spent screening. After that, we endure the aggravation, the no-shows, the no-way-I-would-rent-to-them applicants, and the stress over no […]
Maintenance
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Before I Call the Repairman
By Robert L. Cain You know this rule as well as I do if you’ve been in the rental property business more than17 hours.. Rarely in a rental property does anything break or be discovered to have broken, before Friday night, after six o’clock, the eve of a three day weekend. When a tenant calls […]
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No Good Surprises
By Robert L. Cain “Wow! $10,000! I kind of knew the roof was on its last legs when I bought this place, but I never found out how wobbly the legs were or how much it would cost to fix it. What a surprise! There are no good surprises in real estate. I think I […]
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