What Is A No Fault Eviction?

Lease Agreement

The term “No Fault Eviction” has become a rather hot term in the headlines lately. Teachers in San Francisco want protection from them. Across the Country in Boston tenant groups are asking the city to stop landlords from using them. But what is a “No Fault Eviction?” How do they work? And why are people suddenly getting so upset about them? A so called “No Fault Eviction” is an eviction where the tenant is evicted through no fault of their own. They paid their rent…

7 Things Bad Landlords Don’t Do

Bad Landlord

Being a landlord is a tough and varied job. It requires the wearing of many different hats. A landlord has to be an accountant, a contractor, a guidance counselor and much, much more in order to be successful. Most landlords do a pretty good job at juggling all of these responsibilities. Unfortunately, there are a few bad landlords out that that make this already tough job even more difficult. These bad landlords get the courts involved in our business. They get code enforcement involved in…

After The Fire – A Landlord’s Guide – The Insurance Settlement

Firefighter

I had a major fire at one of my properties a while back and I have been posting about my experiences dealing with that here on my blog. Last time I wrote about dealing with the insurance adjuster that was sent out to my property to determine the amount of loss. While the fire and water damage might have seemed like a total loss to me, the eyes of an insurance adjuster can see things completely differently. If this were not the case then there…

Do You Now Have To Rent To Felons?

Jail

HUD recently announced some new guidelines that have been causing quite a stir in the landlording world.   You might think the stir was all caused by the catchy title, “Guidance on Application of Fair Housing Standards to the Use of Criminal Records by Providers of Housing and Real Estate Related Transactions.”  Instead the stir was caused by the misconception that HUD was telling landlords they could no longer discriminate against those with felony convictions. That those with murder, rape or child pornography convictions could no…

More Deadlines

Deadline

April 15th is right around the corner. Hopefully most of you realize the deadline associated with that date and have been working on getting your income taxes prepared and filed. If not, please file for an automatic extension. It is quick and easy to do and will save you a lot of money later on down the road. But enough has been written on filing income taxes. In fact, there is so much media frenzy around the April 15th deadline that you would have to…

After the Fire, A Landlord’s Guide – The Insurance Adjuster

Firefighter

I had a major fire in one of my properties not too long ago. After getting the fire put out and taking care of the tenants I filed an insurance claim. I had to. My property was severely damaged and uninhabitable. Upon filing a claim, the first thing any insurance company does is send in an adjuster. The adjuster for my insurance company came out very quickly. He was there, inspecting my property just two days after the fire occurred. As I wrote last time,…

What Did This Landlord Do Wrong?

Lawsuit

    So what did this landlord do wrong?     Let’s start a list. Did not use a pet agreement Did not just say, “I’m not renewing your lease.” Told everyone who is behind the trust Spoke to the press Got a bit greedy perhaps? Created a victim Got entwined in a lawsuit What else? How could they have handled things a little better?  I’ll share some thoughts later on.  Meanwhile let me know what you think with your comments.

After the Fire, A Landlord’s Guide – Making the Insurance Claim

After the Fire

I have been writing recently about a major fire that occurred at one of my properties recently. I wrote about the initial incident, surveying the damage on the day after and dealing with the tenants. In this post I want to talk about beginning the process to rebuild the property. Specifically, beginning the insurance claims process and dealing with the insurance company. First let me say that I normally do not make insurance claims. My belief is that insurance is there only for a catastrophe,…

Do You Search Your Applicant’s Social Media?

Searching Social Media

Do you check your applicants on social media sites to see what they have been up too? Perhaps you should. Remember that one of the most important things you do as a landlord is find tenants who will pay, stay and take care of your property. And sometimes you need just a bit more than a criminal and work history background check to do that. Especially if a potential red flag begins to wave. Searching an applicant’s social media can help determine if those red…

Is The Real Estate Bubble (Coming) Back?

Rents Are Up 2015 4th Quarter

Home prices are up and rents are too. Rents increased about 5% in the 4th quarter of 2015 and about 7% for the year. It is going to be interesting to see where this all ends.

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