This blog is about Real Estate Investing. Read around for more information.
My buddy Preston just posted a new video that literally? … may scare the bajezzers outta ya.
But it’ll also make you a bunch of money.
It’s important.
Talk soon.
Hans Anderson
p.s. Don’t let the beginning freak you out too too bad. I’m sure we’ll survive somehow. We always do.
Set the stage for damage-free rental units, and your tenants are more likely to follow your lead:
1. Show Pride Of Ownership. People learn by watching. Let your tenants take a cue from you. Show them how nice the property can look. No matter how modest or upscale the property may be, clean and well-kept always looks good. Your enthusiasm towards the property will inspire them to make it a nice home.
2. Collect a Security Deposit. Nothing provides better leverage to keep a property clean, maintained and free of defects than holding back some of the tenant’s money. When it comes to negotiations, a security deposit is an important tool. Just be sure you know what you can deduct for and what you have to repair yourself.
3. Offer an Orientation. Develop a handbook for the property to pass along to each tenant. Explain the best way to use appliances and a checklist for cleaning finishes in the home–not every tenant will know how to treat surfaces. If you are not comfortable with the tenant performing all maintenance items, offer to come in and do it for them, no charge. That gives you a chance to say ‘hello’ and check up on the property.
4. Inspect Periodically. Provide in the lease for the right to inspect the property periodically–like every three months. Give the tenant plenty of notice and schedule when it’s convenient for them, if possible. Provide a list of what you want to check. Don’t nitpick — look for things that could actually cause damage, like furniture blocking air vents, missing screens or signs of an unauthorized pet or occupant. Be constructive and not confrontational. If any repairs are needed, schedule a time to take care of it before it gets any worse.
Consider language in your lease that lets your tenant know you have the right to evict them if they are causing damage.
5. Conduct a Walk Through. Always walk through the property with the tenant when they move in, and document the condition. Give them a chance to point out anything they consider a defect. Do the same thing again when they move out. Give them a clear list of what they need to do to recover their security deposit. The goal has to be attainable or the tenant will become discouraged. If they don’t believe they will get their deposit back, they won’t do any of the work.
When you demonstrate enthusiasm about the rental and professionalism in the way you treat the tenant, they may treat your property with more care.
With AAOA, landlords have resources at their fingertips. Check out our Landlord Forms page.
American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org..
Simply the best List Building webinar ever.
* Search Foreclosures in Your Neighborhood, FREE 7-Day Foreclosure Lists Trial
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This article is available for free distribution under the following terms:
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The Money Is In The List! And it’s entirely true! Be Prepared to be blown away when you see how they leverage the power of Facebook to build a HUGE list…get tons of traffic like you’ve never seen before.
Simply the best List Building webinar ever.
Hans Anderson
This Webinar will show anyone “how to quickly and easily build quality leads” without spending a single penny from your own pocket. Then, you’ll learn how to “turn those leads into more leads, and into cold hard cash”. If you’re trying to secure a consistent online income stream that isn’t full of BS, or some over night get rich scam… then you’ve come to the right place.
There’s a saying that just about every millionaire marketer I know uses. It’s repeated more often than any other phrase in marketing. That saying is… The Money Is In The List! And it’s entirely true! Be Prepared to be blown away when you see how we leverage the power of Facebook to build a HUGE list…get tons of traffic like you’ve never seen before.
Webinars Held Daily
The following article will clear up the myth that hard work is not required when trying to find foreclosures.
Hard Work
“Don’t join an easy crowd; you won’t grow. Go where the expectations and the demands to perform are high.” Jim Rohn
Lately I’ve been hearing more and more “man, this business is hard work” from my new Coaching clients. Truthfully, I’m always a little surprised. After completing their Six Steps home study and the 3-Day Kick Start Your Foreclosure Investing, where Alexis tells them in no uncertain words “being a successful investor does not come easy, this takes hard work.” But the reality is that many people hear only about the money being made, and don’t really hear the “hard work” part. And I think I know why…
When you watch late night TV, you are told over and over again; that making money in real estate is “easy” – you just have to “know the secret systems” that they will “share with you”. You’ve heard the pitch I’m sure “just buy my program and you’ll be wealthy beyond your wildest dreams”. Or, “anyone can do this”. Or my favorite “if I can do it, so can you”. The reason that’s my favorite is because I believe they are telling you the truth, without even realizing it. They aren’t really doing it and neither can you, at least not the way they make it seem.
(If you haven’t read Alexis’ column “There are No Secret Marketing Systems” please make sure you do.)
Foreclosures in Canada
Copyright © 2010 Foreclosures.com.
This article is available for free distribution under the following terms:
a) You may not edit, delete or add any content to this article.
b) You must maintain all links to Foreclosures.com.
c) This article must be distributed free of charge.
d) This Resource Box must stay intact.
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