Learning

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• March 1, 2007 / 0 Comments

  Q & A: Who pays for lock?

  Q: I had a tenant that I gave a 30 day notice to. He responded with vile language and many threats. Later after calming down, he apologized. ”About a week after that he reported that the apartment had been broken into. We suspect he locked himself out and kicked the door in himself but have […]

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• February 1, 2007 / 0 Comments

  8 Common Misconceptions about Evictions

  The following statements are common misconceptions about evictions from residential tenancies. Every one of them is wrong: 1. Common Misconception: A land lord can have police throw a tenant out or arrest him, if he or she doesn’t pay the rent or get out when the landlord tells him or her to. Truth: A tenant […]

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• January 1, 2007 / 0 Comments

  11 Rules of Real Estate Investing

  You make your profit when you buy real estate— you realize it when you sell 1.  Set out clear goals and time lines. 2.  Make a detailed plan of action. 3.  Put as little money down as possible. 4.          Buy properties in neighborhoods which are stable or improving. 5.  Before you make an offer on […]

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• January 1, 2007 / 0 Comments

  7 huge investment mistakes

  “Real estate can’t be lost or stolen, nor can it be carried away,” Franklin D. Roosevelt said. “Managed with reasonable care, it is about the safest investment in the world.” One problem with those books, tapes and seminars about investing in real estate is that all they show you how to do is buy investment […]

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• January 1, 2007 / 0 Comments

  Q & A: If property is abandoned, does landlord need to evict?

  Q: I have a Tenant who signed a stipulation for entry of judgment after proper notice and summons/complaint for unlawful detainer for nonpayment of rent. Tenant moved out three weeks ago and left a few items of clothing in the apartment. I’m unable to contact former tenant. Do I still need to proceed with eviction […]

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• December 1, 2006 / 0 Comments

  Q & A: Let Tenant Manage Property?

  Q: I bought a four-plex in Kansas City last winter to help my brother out. He was to manage them and live in one. That did not work out and I had to hire a management company. When I bought them it was 100% rented. In July I lost two tenants, one due to bad […]

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• November 1, 2006 / 0 Comments

  Q & A: Tenant won’t be getting full security deposit back, tell him now or later?

  Q: We have a triplex and have a tenant who broke a fiberglass tub. I want to know do I have to inform him now, before he moves out that I am taking it out if his deposit, or can I inform him when he moves out with copies of the repair bills? I cannot […]

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• November 1, 2006 / 0 Comments

  Lease expiring, no rent from tenant

  Q: Our rental agreement with our renter is up on November 21st. Beginning October 1 we started communicating verbally with our renter regarding the extension of his lease. It is now November 6th and he not only has not contacted us regarding extending his lease, but he has not paid his last month’s rent that […]

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• November 1, 2006 / 0 Comments

  Q & A: Can a tenant stop me from hiring a property manager?

  Q: I have a tenant who leases a home from me in Florida that is refusing to let me transfer management of the property to a property manager. I do not have the time or health to continue to manage the property and want to hire a prop¬erty manager as my Agent for the bal¬ance […]

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• November 1, 2006 / 0 Comments

  Cashing in on Foreclosures

  Buying up foreclosures at fire-sale prices has forever been a preferred technique of real estate investors for finding the best deals. For several years that market was less lucrative than it had been in the past. Now the dollar is turning. With increasing foreclosures in various parts of the country, buying foreclosures can once again […]

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