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Book your life choices in advance the same way you would book flights, car rentals, hotels, and excursions. Figure out early on in your career whether you intend to be financially independent or marry a rich man, join the ranks of the professional elite or be the stay-at- home type, postpone having children or find part-time employment. Then fasten your seat belt and sit tight as you watch your trajectory veer off course.
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Veronique Vienne (The Art of Being a Woman: A Simple Guide to Everyday Love and Laughter)
“
Life itself is so extraordinary and unique that the only thing keeping people ordinary is themselves.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
“
If your life can hang from a chewing gum wrapper it can hang from anything in the book. It can hang from a bullet no bigger than a bean, or from a cigarette smoked in bed, or a bad breakfast that causes the doctor to sew the absorbent cotton inside you. From a slick tire tread or the hiccups or from kissing the wrong woman. Life is a rental proposition with no lease. For everybody, tall and short, muscles and fat, white and yellow, rich and poor. I know that now. And it is good to know at a time like this
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Elliott Chaze (Black Wings Has My Angel)
“
Having goals is great--but it's not enough! You need action, too! You will need to get off your butt and change the world yourself, because no one else will do it for you.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
“
Were you sent by someone who wanted me dead?
Did you sleep with a gun underneath our bed?
Were you writing a book? Were you a sleeper cell spy?
In fifty years, will all this be declassified?
And you'll confess why you did it
And I'll say, "Good riddance"
'Cause it wasn't sexy once it wasn't forbidden
I would've died for your sins
Instead, I just died inside
And you deserve prison, but you won't get time
You'll slide into inboxes and slip through the bars
You crashed my party and your rental car
You said normal girls were boring
But you were gone by the morning
You kicked out the stage lights
But you're still performing
And in plain sight you hid
But you are what you did
And I'll forget you, but I'll never forgive
The smallest man who ever lived
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Taylor Swift
“
A goal without a plan is just a wish.” —ANTOINE DE SAINT-EXUPERY
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
“
Let me share with you one of my all-time favorite quotes. Michael Jordan (yes, that Michael Jordan) once said, “Some people want it to happen. Some wish it would happen. Others make it happen.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
“
Jade and Henry stuck it out, but I drove my rental car back to my Brooklyn apartment that evening and downloaded a stack of self-help books on living with crazy families, and skimmed them late into the night, taking from all of them a single idea that resonated as both wise and comforting: I was allowed to draw a line in the sand. I was allowed to stop involving myself in their drama. And so that’s what I did.
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Mary Adkins (When You Read This)
“
Szabo reckoned that the future of libraries was a combination of a people’s university, a community hub, and an information base, happily partnered with the Internet rather than in competition with it. In practical terms, Szabo felt the library should begin offering classes and voter registration and literacy programs and story times and speaker series and homeless outreach and business services and computer access and movie rentals and e-book loans and a nice gift shop. Also, books.
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Susan Orlean (The Library Book)
“
In those days there was no money to buy books. Books you borrowed from the rental library of Shakespeare and Company, which was the library and bookstore of Sylvia Beach at 12 rue de l’Odéon. On a cold windswept street, this was a lovely, warm, cheerful place with a big stove in winter, tables and shelves of books, new books in the window, and photographs on the wall of famous writers both dead and living.
The photographs all looked like snapshots and even the dead writers looked as though they had really been alive.
Sylvia had a lively, very sharply cut face, brown eyes that were as alive as a small animal’s and as gay as a young girl’s, and wavy brown hair that was brushed back from her fine forehead and cut thick below her ears and at the line of the collar of the brown velvet jacket she wore. She had pretty legs and she was kind, cheerful and interested, and loved to make jokes and gossip. No one that I ever knew was nicer to me.
I was very shy when I first went into the bookshop and I did not have enough money on me to join the rental library. She told me I could pay the deposit any time I had the money and made me out a card and said I could take as many books as I wished. There was no reason for her to trust me. She did not know me and the address I had given her, 74 rue Cardinal Lemoine, could not have been a poorer one. But she was delightful and charming and welcoming and behind her, as high as the wall and stretching out into the back room which gave onto the inner court of the building, were the shelves and shelves of the richness of the library.
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Ernest Hemingway (A Moveable Feast: The Restored Edition)
“
had spent more than a year writing a second draft of his book during the hours he wasn’t at one of his jobs. He worked late at night in a small room we’d converted to a study at the rear of our apartment—a crowded, book-strewn bunker I referred to lovingly as the Hole. I’d sometimes go in, stepping over his piles of paper to sit on the ottoman in front of his chair while he worked, trying to lasso him with a joke and a smile, to tease him back from whatever far-off fields he’d been galloping through. He was good-humored about my intrusions, but only if I didn’t stay too long. Barack, I’ve come to understand, is the sort of person who needs a hole, a closed-off little warren where he can read and write undisturbed. It’s like a hatch that opens directly onto the spacious skies of his brain. Time spent there seems to fuel him. In deference to this, we’ve managed to create some version of a hole inside every home we’ve ever lived in—any quiet corner or alcove will do. To this day, when we arrive at a rental house in Hawaii or on Martha’s Vineyard, Barack goes off looking for an empty room that can serve as the vacation hole. There, he can flip between the six or seven books he’s reading simultaneously and toss his newspapers on the floor. For him, the Hole is a kind of sacred high place, where insights are birthed and clarity comes to visit. For me, it’s an off-putting and disorderly mess. One requirement has always been that the Hole, wherever it is, have a door
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Michelle Obama (Becoming)
“
When the attendant at Britz Rentals of Australia whipped around in our prepaid-in-full honeymoon car, my eyes grew wide and I knew we were in trouble. It was an SUV, yes, and a Toyota Land Cruiser at that--just as Marlboro Man had ordered. It was white and clean and very shiny. And painted in huge bright orange and royal blue lettering across the hood, the roof, all four doors, and the tailgate of the vehicle, were scrawled the enormous words: BRITZ RENTALS OF AUSTRALIA.
I could see Marlboro Man’s jaw muscles flex as he beheld his worst nightmare playing out in front of his eyes. He could hardly even bear to gaze upon such an attention-grabbing abomination, let alone conceive of driving it all over an entire continent. Unfortunately, our last-minute attempts to trade to another vehicle proved to be futile; even if Britz hadn’t been completely booked that week, it wouldn’t have mattered anyway. Every single car in their fleet was smeared with the exact same orange and blue promotional graffiti.
Having no other transportational alternative, we set off on our drive, a black cloud of conspicuousness and, in Marlboro Man’s case, dread following us everywhere we went. Being an attention-seeking middle child, I didn’t really mind it much. But for Marlboro Man, this was more than his makeup was programmed to handle. As far as he was concerned, we were the Griswolds, and the Land Cruiser was our Family Truckster.
It was a pox on what might have been the perfect honeymoon.
Except for my inner ear disturbance. And the vomiting. And the slightly marsupial undertone to the hamburgers.
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Ree Drummond (The Pioneer Woman: Black Heels to Tractor Wheels)
“
master Always make those above you feel comfortably superior. In your desire to please or impress them, do not go too far in displaying your talents or you might accomplish the opposite – inspire fear and insecurity. Make your masters appear more brilliant than they are and you will attain the heights of power. - The 48 Laws of Power Lauren yawned and stretched as she climbed out of the rental car. She took a deep cleansing breath and exhaled happily. “I always forget how good it feels to breathe, you know? It’s so easy to get used to the
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Adele Huxley (Playing with Power (Book 1))
“
I walked downhill to the rental place, my backpack ten pounds heavier than it was this morning because of three huge textbooks: one on government from world history class; one from English class called Catastrophes of New England: 1650 to 1875; and a much-used book from my last class of the day, Non-Euclidean Geometry. The class was taught by Mr. Gint, a pale, balding man who barely looked at us. The entire class period he sat at his desk with a protractor and pencil, drawing pictures and muttering to himself.
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Daryl Gregory (Harrison Squared (Harrison Squared Trilogy, #1))
“
I dumped the rental I’d gotten after trashing Samantha’s SUV for a cute little Toyota that liked to pretend it was a sports car.
Blain, RJ (2014-05-11). Inquisitor (Witch & Wolf Book 1) (Kindle Locations 1364-1365). Pen & Page Publishing. Kindle Edition.
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R.J. Blain (Inquisitor (Witch & Wolf, #2))
“
Federal law currently prohibits landlords from discriminating against prospective tenants who have had a felony conviction for drug use. Why? Because drug or alcohol abuse is considered a disability. According to the US Department of Housing and Urban Development (HUD): “An individual with a disability is any person who has a physical or mental impairment that substantially limits one or more major life activities. The term physical or mental impairment may include, but is not limited to, conditions such as visual or hearing impairment, mobility impairment, HIV infection, mental retardation, drug addiction (except current illegal use of or addiction to drugs), or mental illness.”[ii]
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Brandon Turner (The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profit)
“
When you have to go an area where you could easily reach by your vehicle however the thing is you do not have your very own individual vehicle. During that time you should obtain the best transport solution where you could relocate anywhere as like you are going by your own automobile. You could work with vehicle or a car that is quickly readily available for you and also without any problem you acquire the trustworthy automobile solutions. Even, employing a vehicle from the hiring auto company supplies high-end and budget plan automobile whatever you want to take it.
Nevertheless, the monthly vehicle lease could be taken where you as soon as hire the automobile on rental fee and book previously by dealing with the date. At exact same time or same date the car will come to your door specifically. At any time whenever you call for car on lease that you can register via online however you should understand the trustworthy website where you can decide on the auto which you really want to hire after all.
But the best to go with the car hire Dubai whereas; in Dubai you will be offered different types of royal cars on hires. There are varieties of cars available for you where you once visit the site and find the vehicles at very reasonable charges. But you have to clear up all the things that you have to inform to the automobile business that till the number of days you require automobile to consider the excursions. Baseding on your needs the autos will be readily available which will satisfy your entire requirements.
Month-to-month car rent is readily available to you where you can register your luxury car as each as your needs just. In Dubai the autos are supplied at really cost-effective charges as well as the cars what you will enter totally excellent conditions whereas, you don't have to encounter any type of difficulty in the means of roads. The automobiles what you will certainly hire that will run smoothly when driving and conveniently the automobiles runs quick as well as will certainly reach easily as well as conveniently at your location only.
Thus, the cars are offered for rental fee on monthly, everyday and once a week basis as these depending on as you want the car rental services at your place. If you wish to hire the budget plan vehicle to reach your location or you require the autos on rent for some days then, you can acquire the auto at inexpensive fees and also the you need to pay charge for hiring car on daily basis.
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amexuae Car Rental - Car Hire Service
Joel Rasmussen (Vacation Rental Success (Vacation Rental Success series Book 1))
“
At Rent-A-Dump Inc., we have roll-off dumpster services that allow you to manage and dispose of your scrap, waste, and debris with ease. With our online booking system, you can book your roll-off dumpster rental at any time you prefer, from any device. Contact us to reserve a dumpster for your junk removal needs!
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Rent A Dump Inc
“
Welcome to Dehradun to Mussoorie Taxi services. Here we offer you our best Taxi services from Dehradun to Mussoorie. You can book online Taxi/Cab services by filling online as of on our website. We book Taxi without go forward and you can pay the quantity to the driver after your journey click to call now for more in order and Taxi accessibility. So if you finally make a plan for Dehradun to Mussoorie by Taxi so just give us a call and we will serve you our best services at your location. Get an entire new experience of travelling from side to side different forecast to choose from for your relations, friends and your appreciated ones. Our reasonable Fare has made Dehradun to Mussoorie Cab one of the best Cab service in Dehradun to Mussoorie since 10 years. Our drivers have minimum 10 years of know-how in together hilly and grassland areas. We at The Dehradun to Mussoorie Taxi fare have recognized a solid standing as the car rental company of choice, with a strong promise to deliver quality service to our clients.
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Dehradun mussoorie taxi
“
At Binz 2 You, we have roll-off dumpster services that allow you to handle and get rid of your clutter, waste, and debris with simplicity. With our online booking system, you can schedule your roll-off dumpster rental whenever you desire, from any device. Phone us to book a dumpster for your scrap removal needs!
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Binz 2 You
“
Shop, Cooks Cycles, and Easy Riders Bicycle Rentals, who will deliver bikes to your lodging!). The island also has Uber, Lyft, and a host of taxis. My favorite taxi company is Roger’s Taxi, 508-228-5779. Cranberry Transportation provides a proper “car service” and they also give private tours of the island. Where Should I Stay? You just finished a novel called The Hotel Nantucket, so I’m going to start by recommending the inspiration for the main character in the book, which is The Nantucket Hotel and Resort, located at 77 Easton Street.
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Elin Hilderbrand (The Hotel Nantucket)
“
a new booking inquiry, a new request to book, a new reservation, guest check-in, cordiality/guest happiness check, reviewing a guest on Airbnb, and prompting a guest for an Airbnb review. I also have an automated message to follow up on expired guest inquiries.
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Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
“
As for Hayek, he had no funds for a rental, having just bought a house. It was a good time to make a purchase: there was plenty of inventory and house prices were falling as tens of thousands cleared out of London. But he had also been given notice. As luck would have it, one came available on Turner Close. As noted earlier, in order to be able to afford the down pay- ment, that spring Hayek sold to the Bank for International Settlements, via its director, Per Jacobsson, six hundred or so volumes on money and bank- ing published before 1900, mostly in English, which he had collected in the late 1920s for the never-completed big volume on money. They were in their new home by August (Bartley interviews, Nov 2, 1983; IB 94).
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Bruce Caldwell (Hayek: A Life, 1899–1950)
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For the best dumpster rentals Davidson, NC has to offer, look no further. No matter the project size, we offer the perfect dumpster rental for your needs! We are proud to say that we are a locally owned and operated dumpster rental company. You can trust us to fulfill your dumpster needs. To start booking your dumpster rental, click the “Book Now” button down below, fill out your information, and you’ll be on your way! Please don’t hesitate to contact us if you have any questions.
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Willow Dumpsters Davidson NC
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go to school, get a great job with a great company, and be responsible” household.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
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My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
“
Tax benefits will never make a bad deal good, but they can make a good deal even better.
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
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Here Bubba's Dumpsters we pride ourselves in our high quality dumpsters, and exceptional customer service. We offer the perfect roll-off dumpster for any project you're working on, or might work on. We want to make booking your dumpster rental easy, so you don't have to worry.
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Bubbas Dumpsters
“
At Route 12 Dumpsters, we have roll-off dumpster rentals that allow you to manage and deal with your clutter, waste, and rubbish with simplicity. With our online reservation system, you can book your roll-off dumpster rental any time you prefer, from any device. Call us to schedule a dumpster for your scrap elimination needs!
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Route 12 Dumpsters
“
My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.” —MAYA ANGELOU
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Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
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Property management fees vary by location, but typically for a single-family house or small multifamily property, you’ll be looking at 8-12 percent of the rent in a monthly fee and a large one-time fee each time the unit is rented. This placement fee is often 50 percent of the first month’s rent all the way up to the entire first month’s rent.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
But if there’s one trait that above all others causes landlords to fail, it’s this: being too nice.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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The biggest drawback to a sign is instant notification of a vacant house to any would-be criminals.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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What kind of tenant do you want? Simple: a great one.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
Most landlords require that a tenant’s (documentable) income equal at least three times the monthly rent.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
offer everyone the opportunity to apply (even if you have already told them they don’t meet your minimum standards—if they know they won’t qualify, they usually won’t apply; it’s the invitation that matters), and keep notes of each interaction.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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offer everyone the opportunity to apply (even if you have already told them they don’t meet your minimum standards—if they know they won’t qualify, they usually won’t apply; it’s the invitation that matters), and keep notes of each interaction. Also, as we talked about already in this book, be sure to avoid discriminating language, such as: • “No kids” • “Family-friendly” • “How many kids do you have?” • “Are you married?” • “What country are you from?” • “When is your baby due?
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Question: “Do you accept the XYZ government assistance program?” Answer (if you don’t want to accept that program): “One of our screening standards requires a minimum monthly income of three times the rent.” Question: “I was evicted three years ago. Is that a problem?” Answer: “One of our screening standards requires good references from all previous landlords for the last five years.” Question: “Do you rent to people with bad credit?” Answer: “One of our screening standards requires a credit score of at least 600.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
The point is to include as much information as possible in your advertisement to save yourself from 1) answering obvious questions over and over, and 2) spending time on someone who sounded great until you met them in person, and they had a cigarette in their mouth while shaking your hand.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
What condition is their car in? If they showed up in an old, beat-up car with fast-food cups falling out the doors, landlord beware. The type of car doesn’t matter so much as the condition the car is in—but both are something to be aware of when meeting the tenant for the first time. If they don’t maintain their car, how can you expect them to maintain your home?
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Full replacement coverage will cover the entire cost of rebuilding your property should something drastic happen, whereas actual cash value will likely give you just enough to cover your loan in a bad situation.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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We would also recommend that those accounts be business accounts, not personal accounts.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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They are fairly easy to get on—and equally as easy to lose if the tenant doesn’t hold up their end of the bargain by continuing to meet the program requirements. The requirements are usually fairly simply, such as attending periodic meetings or doctor’s appointments, or turning in periodic paperwork, but from our experience, tenants on these programs seem to have a difficult time completing them, resulting in their being dropped from the program and leaving us without a paying tenant. 2. If the tenant does manage to stay on the program, it won’t last forever. Most if not all of these programs have a time limit and
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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will run out, once again leaving the landlord without a paying tenant. 3. Since these assistance programs are for low-income tenants, these applicants automatically don’t meet the income requirement of bringing in at least three times the monthly rent, putting the landlord at a lot of risk when the tenant is dropped from the program or it runs out. Once again, this leaves the landlord without a paying tenant.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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A bad reference from a past landlord is a huge red flag.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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whereas a current landlord may not want to lose a good tenant or may be overly excited to get rid of a bad one.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
This falls under the same category as requiring good references from past landlords. Obviously, an eviction equals a bad reference. A very bad reference. An eviction on a tenant’s record is the equivalent to committing murder in a landlord’s eyes.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Lesson learned: People seldom change. Now if a tenant has an eviction, we just say “no.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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person’s credit score is evidence of their willingness and ability to pay their bills.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Excellent credit: 781-850 • Good credit: 661-780 • Fair credit: 601-660 • Poor credit: 501-600 • Bad credit: Below 500 In
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Excellent credit: 781-850 • Good credit: 661-780 • Fair credit: 601-660 • Poor credit: 501-600 • Bad credit: Below 500
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
If you do plan to rent to someone who has a bankruptcy, it would be wise to require a double security deposit for added protection. And, of course, they better meet every other one of the qualification standards.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
As we discussed briefly in Chapter 4, federal law currently prohibits landlords from discriminating against prospective tenants who have had a felony conviction for drug use (as drug abuse is seen as a disability and is therefore covered under Fair Housing Laws), but not drug sales or manufacturing.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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as technically you cannot refuse to rent based on someone’s previous drug abuse–related felony.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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found that Section 8 tenants cause more damage to the property, and often allow more garbage and junk to pile up than our other tenants.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Sorry, but our company policy does not allow for pets.” The policy becomes the bad guy, not you.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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We recommend building a relationship with several of the neighbors around your property.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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The number one reason given is because their landlord wouldn’t respond to maintenance issues. How silly for a landlord to avoid fixing a $200 issue when the cost of a turnover could cost thousands.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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always right. However, treating tenants with respect, clarity, and promptness goes a long way.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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1. Be respectful. Your tenants are people, just like you. Treat them how you would want to be treated, no matter how you personally feel about them. 2. Be responsive. Don’t be difficult to get in touch with, and don’t make the tenant wait too long before you take action or communicate what action is being taken. Do what you say you are going to do, when you say you are going to do it, and keep them in the loop.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
By simply following these two principles, you’ll hold onto your tenants longer, and keep your property running at maximum efficiency and profitability.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
we recommend actually finding the official landlord-tenant laws for your state, printing them out, and reading them, highlighter in hand. Yes, they might be long—but so are lawsuits. If you want to run a serious business, then take the laws seriously and read (and follow) your landlord-tenant laws.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
As famed business leader Jim Rohn says, “You are the average of the five people you associate with the most.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
Be fair but firm with your tenants to avoid being taken advantage of. Develop an attitude of delegation so those systems can eventually be outsourced. Monitor your finances like a boss, treat your tenants with respect and value, and educate yourself on the laws that govern your rentals
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
“
Even more, if that LLC or asset protection entity was not set up with 100 percent accuracy or has not been maintained following 100 percent of the rules, a judge could “pierce through the corporate veil” and go after your personal assets anyway. Don’t think that by going online and opening an LLC you are safe. It’s never that easy.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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An Estoppel Agreement is a simple, one-page form that the tenant fills out letting you know the terms of their lease to the best of their knowledge. If the seller of the property will not let you speak with the tenants and get Estoppel Agreements, you might be dealing with a seller who is trying to hide something.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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To keep your vacancy time as short as possible, you will want to make sure your rental stands out among all the others in your market.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Of all the precautions a landlord can take, requiring a security deposit is one of the most important—besides adequately screening tenants.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Avoid this situation altogether by simply requiring all move-in funds be made with a money order or cashier’s check.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Always require that the security deposit be paid in full along with the rent prior to the tenant obtaining occupancy. Allowing a tenant to pay their security deposit in installments after they have gained occupancy is never a good idea for a few reasons: 1. Any financially responsible person should be able to afford the move-in amount required for the property. If they can’t afford the security deposit, you may want to reconsider your screening criteria. 2. It sets a bad precedent from the very beginning that you are the type of landlord who is wishy-washy and will negotiate on important matters. Don’t negotiate on important matters!
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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A deposit is refundable, and a fee is not.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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he would need to have the policy apply to all residents, meaning no one was to be allowed on the lawn—not just the children.1
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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When you rent a unit to a person with a disability, the Fair Housing Act requires that you accommodate reasonable requests for changes in rules, policies, practices, or services, and that you accommodate the tenant should they have a reasonable request to modify the dwelling or common areas—at their expense—to better suit their needs. Should the tenant choose to make modifications to the rental, they are legally obligated, when reasonable, to return the unit to it’s previous condition once they have vacated.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Then you’ll lose a lot of money and learn that “nice” will kill your business, but “firm” will keep everyone happy.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Savvy business owners learn to delegate tasks to others. And yes, this is something that must be learned.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Contrary to popular opinion, screening doesn’t begin with a background check or an application; it begins with the initial contact. This is known as pre-screening
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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When someone calls, don’t simply agree to show them the property. This is a common mistake nearly every rookie landlord makes, but you’ll waste countless hours if you simply agree to show the unit without talking with the potential tenant first.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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The first thing you hear is often an indication (though not proof) of the kind of tenant they might be. If the first words you hear after saying “hello” is a voice yelling into the phone, “How much do I have to have to move in?” you can assume the tenant might not be a great fit. (We get these calls weekly!) After all, they are more concerned with getting in anywhere than even asking to look at the property.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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You are also protecting yourself from discrimination complaints since you require all applicants to meet the same qualifications.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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To combat this, we started doing group showings.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Another good option for showing your rental to multiple people without wasting multiple trips is scheduling showings fifteen minutes apart. This gives you the best of both worlds in a small amount of time: dedicated one-on-one time with each person, while also overlapping each appointment with the next, letting each person know there are others interested and creating that feeling of competitiveness.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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If they end up calling at the property wondering where you are, you know they aren’t very good at following simple instructions.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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If they are self-employed, make sure to get at least the previous two years’ tax returns, as well as their last two months of bank statements.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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How long will you live here?”: Unless you are in the transient business, always look for tenants who indicate they are planning on staying in the home long-term. Because turnover and vacancy can be a couple of the most expensive things a landlord goes through, they should be avoided when possible. If the applicant writes down anything less than a year, that is probably your sign that they are not a good candidate
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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What pets do you have?”: Whether you allow pets or not in your rentals, this question is phrased in such a way as to not appear negative. If you were to ask, “Do you have any pets?” they may write “no,” thinking a “yes” will immediately disqualify them. Asking “what” instead of “do you” increases the chances of them being honest with this question.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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• Look for any judgments or liens. If the tenant has a judgment on their background check and you will be denying them because of it, one way to respond to the applicant is by putting the ball in their court. “Hey John, your background check revealed a judgment owed to Property USA, LLC in the amount of $4,200. What can you tell me about that?” Likely, they’ll give you an excuse of some kind, but don’t buy into it. Instead, ask them to have the company in question get in touch with you, but you will need to put their application on hold until you hear from them. Don’t worry, you never will.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Getting references from previous landlords is perhaps the most important of all the screening steps.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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One way to find out if the person you are speaking with is really a landlord is by first calling and asking, “Do you have any vacancies?” If it’s a friend, they will quickly be thrown off, whereas a landlord will simply answer your question.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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verification of the tenant’s rental specifics, such as the address, lease term, and rental amount.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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It is also their guarantee that they will fulfill all of their pre-tenant obligations and rent the home by a mutually agreed-upon date. If for some reason they back out, the deposit to hold is forfeited to the landlord to use to cover lost rent during the holding period, as well as advertising and other costs associated with getting the home re-rented to another qualified applicant. However, when the new tenant fulfills their obligations, the deposit to hold usually transfers as their security deposit to be held during their tenancy. It is best to require the deposit to hold as soon as your new tenant has been approved.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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we let our potential tenants know that if they are approved, we will hold the unit for them for twenty-four hours, during which time they will be expected to present the deposit to hold. Once they have officially been approved,
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Should they fail to provide the deposit to hold, we do not guarantee them the unit after twenty-four hours has passed, and will continue to show the rental, and accept and process applications.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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One of the largest expenses you will face as a landlord is tenant turnover. Every time a tenant packs up and moves, they leave a trail of dollar bills flowing from your bank account.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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It’s definitely our goal to make sure all our planned turnovers happen during prime moving season between June and September, so we work our leases with that in mind.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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going to have a tough time finding a tenant during the holidays. Instead, we’ll sign a six- or nine-month lease to make it end in the summer or early fall, when units are easier to fill.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Can my due date be the 15th?” “No.” Trust us on this one. It might be fine on your first unit or two, but as you gain experience and build your portfolio, you will quickly regret your decision to allow your tenants to have different due dates. Having the rent due on the first is standard in the rental industry. Again, this question may indicate they are not good at handling their money. It’s not necessarily a deal-killer, but it’s definitely a sign that they live paycheck to paycheck (as many tenants do).
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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we’ve had issues accepting tenants on programs with the understanding that it was guaranteed income, only to discover how quickly and easily a tenant can lose the funding.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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Are you the owner?” you may simply want to respond with, “I am the property manager for this home” and leave it at that. It’s not a lie, simply an omission of all the facts, which they have no business knowing.
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Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)