• Dancers

    Top 25 Tenant Professions

    Tuesday, October 21, 2014

    Who is more likely to be one of your tenants? Interesting question and Ancestry.com did a study of census data stretching back to 1900 in an attempt to answer it. Dancers, waiters, bartenders and members of the armed services topped the list. While professionals and trades persons like optometrists, dentists and toolmakers were more likely to be homeowners. Here are the top 25 professions that are most likely to be tenants based on the last 112 years of data: Dancers and dancing teachers Motion picture…

  • Haz Mat Team

    Questions on Ebola, Apartments and Landlords

    Sunday, October 19, 2014

    I have been watching the recent news about the ebola virus just like everyone else. Amongst all of the news I noticed that the two victims here in the US lived in apartments. Now, I understand the threat that Ebola is and I also understand the need to contain it. Nonetheless, as a landlord certain questions pop into my head when I read headlines like the following: “Ebola decontamination begins at Dallas apartment of 2nd hospital worker” Questions like: Who pays for this hazmat cleanup?…

  • ebola

    Got Ebola?

    Saturday, October 18, 2014

    File under “You knew this would happen sooner or later.” Here is the headline: Landlord Refuses To Rent To African Student Amara Bangura Over Ebola Fears You can read the story here. Stay tuned folks, this could get interesting real fast.

  • The SmarterLandlording Podcast

    The SmarterLandlording Podcast – Episode 5 – The Turnkey Provider

    Thursday, September 25, 2014

    The SmarterLandlording Podcast – Episode 5 – The Turnkey Provider “Just getting out there and doing it is the best way to learn!”                           Links We Mentioned Mid South Home Buyers – Terry’s turnkey company. If you are thinking of investing in Memphis or want to contact Terry, this is the link for you. Due Diligence Questions – Click here to see Terry’s 19 due diligence questions that will help you identify the…

  • courthouse

    Evictions Are Up

    Friday, September 5, 2014

    Here is an interesting, although somewhat slanted, article from NYT on the increasing level of evictions in various parts of the country. What this article demonstrates is that it is getting harder out there as rents and price of everything else keep increasing. What the article fails to mention however is that evictions are hard on the landlords as well. I know I try to avoid filing them and I suspect many other landlords do as well. An eviction is an absolute last resort for…

  • Trashed Apartment

    Watch Out For “Professional Tenants”

    Sunday, August 31, 2014

    I have run across a few “professional tenants” in my time as a landlord trying to rent from me and heard even more horror stories from others who have unfortunately let them into their properties. Trust me, the professional tenant is something you as a landlord want to avoid at all costs. An effective screening process is a good place to start. But also knowing what to look for goes a long way.   Richard D. Vetstein, Esq. writing in a real estate column at…

Real Estate News

Haz Mat Team

Questions on Ebola, Apartments and Landlords

I have been watching the recent news about the ebola virus just like everyone else. Amongst all of the news I noticed that the two victims here in the US lived in apartments. Now, I understand the threat that Ebola is and I also understand the need to contain it. Nonetheless, as a landlord certain questions pop into my head when I read headlines like the following: “Ebola decontamination begins at Dallas apartment of 2nd hospital worker” Questions like: Who pays for this hazmat cleanup?…

ebola

Got Ebola?

File under “You knew this would happen sooner or later.” Here is the headline: Landlord Refuses To Rent To African Student Amara Bangura Over Ebola Fears You can read the story here. Stay tuned folks, this could get interesting real fast.

Buying Properties

Seller Financing

Seller Financing – It’s Real!

When you are new to real estate, and without much starting capital, seller financing is the strategy that gives you hope. With seller financing, you don’t need a bank. You don’t need a hefty down payment. You don’t even need good credit. I was sure that seller financing was a strategy of fairy tales. As it turns out though, obtaining seller financing is completely possible. I bought a property with seller financing within 6 months of purchasing my first property. Regular banks would not have…

Silence Can Be Golden

Silence Can Be Golden!

Being a successful real estate investor means being a successful negotiator.   Being a successful negotiator is not easy, but it is a skill that can be learned. Browsing one of my favorite websites the other day I came upon some valuable negotiating advice and thought I would pass it along.   SILENCE The most powerful words are silent. I had a dinner with Michael Fishman (cc Monica McCarthy) last week. He said, “if even for one second you are preparing your response while someone else…

Buying Apartments

Buying Apartments? Use This Form!

For us landlords, growing our business means adding new properties.  New property additions mean more rental units and more cashflow.  New property additions also mean more tenants.  Sometimes these tenants come with the properties we buy.  I call these tenants “inherited tenants.”  Inherited tenants pose a special kind of risk to a buyer in a couple of ways.  First, as a buyer you are generally bound by their existing lease agreements.  You cannot just kick tenants out, raise the rent or revise other lease terms…

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