Booking Rental Quotes

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.

Life itself is so extraordinary and unique that the only thing keeping people ordinary is themselves.

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

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.

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

A goal without a plan is just a wish.” —ANTOINE DE SAINT-EXUPERY

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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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.

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.

Cecil Winge’s room is a grim place. Furniture that must have come with the rental agreement is arranged along the walls. Few of Winge’s personal possessions can be seen. Books are piled in a stack, and there is a trunk. A simple desk stands by the window to catch the light, and spread over its surface is what looks like a partially deconstructed watch. Heat from the hearth below rises through the gaps in the floor and is the only source of warmth as the tiled stove has not yet been lit.

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.

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

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.

How do I talk to a real person at Avis? To reach a real person at Avis, call 1-833-791-4590 || 1-833-791-4590. Listen to the automated prompts and select the option for customer service. This will connect you directly with a live representative who can assist with reservations, modifications, billing issues, or general travel support. To talk to a real person at Avis, dial 1-833-791-4590 || 1-833-791-4590. Follow the IVR prompts carefully, then choose the option to connect with customer service. A live Avis representative will help you with reservations, booking changes, billing questions, or any general travel-related concerns. To talk to a real person at Avis, call their customer service phone number 1-833-791-4590 || 1-833-791-4590. Follow the prompts and choose the option to speak with a representative. This connects you directly with an Avis agent for reservations, changes, or support. If you need to speak with a real person at Avis, simply call their customer service phone number 1-833-791-4590 || 1-833-791-4590. After dialing, follow the voice menu prompts carefully and select the option to connect with a live representative for immediate assistance. To speak with a real person at Avis, call their customer support number 1-833-791-4590. Carefully follow the automated menu prompts and select the correct option. You will then be connected directly to an Avis representative who can assist with bookings, changes, or inquiries. You can talk to a real person at Avis by calling 1-833-791-4590. After dialing, listen carefully to the automated system and follow the correct prompts. Choose the option to connect with customer support, and you’ll reach a live Avis representative for assistance.

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A family usually won’t move into a 1 bedroom unit, but would be willing to pay more per month to live in a 2 bedroom, because you rent per room. Most buyers won’t want to buy a 4-plex that has only 1 bedrooms or studios in the mix, both because they command less rent and because they have a higher tenant rollover rate. When it comes to both rental revenues and tenant rollover, 2 bedroom/1 bath units are preferable.

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Landlords need to keep track of ongoing rental income and expenses along with anything that changes the cost basis of their property. The easiest way to do that: QuickBooks. It’s simple to set up and use, and provides all the information your accountant (or your tax software) will need at the end of the year.

All our financial situations had changed over the years. Mark’s bar, The Rusty Nail, was thriving. Aaron was computer engineering at a large company downtown, and as of recently, I had earned my brokerage license and opened my own real estate company. We could all afford our own places now, and each one would have been bigger than the eighteen-hundred-square-foot rental we shared. But there was something unbelievably comfortable about our arrangement that made us all stay.

intrigued

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Dig your well before you’re thirsty.” —CHINESE PROVERB

It’s better to dig a well before you are thirsty.

When I first started, I remember asking my wife to read Rich Dad Poor Dad, because it changed my thinking in such a profound way.

Some people want it to happen. Some wish it would happen. Others make it happen.

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Tax benefits will never make a bad deal good, but they can make a good deal even better.

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Being able to pay all cash allows people to be soft on the math and pay too much for a property because writing a check is much easier than finding a great deal.

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First, be different. Offer something other rentals on the market don’t; you can differentiate, for example, by allowing a different lease term (like six months), allowing pets, or even offering better management and communication; all three are covered throughout the book.

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

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.

always right. However, treating tenants with respect, clarity, and promptness goes a long way.

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.

By simply following these two principles, you’ll hold onto your tenants longer, and keep your property running at maximum efficiency and profitability.

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.

As famed business leader Jim Rohn says, “You are the average of the five people you associate with the most.

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.

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.

We would also recommend that those accounts be business accounts, not personal accounts.

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.

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.

Of all the precautions a landlord can take, requiring a security deposit is one of the most important—besides adequately screening tenants.

Avoid this situation altogether by simply requiring all move-in funds be made with a money order or cashier’s check.

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!

A deposit is refundable, and a fee is not.

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

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.

Sorry, but our company policy does not allow for pets.” The policy becomes the bad guy, not you.

We recommend building a relationship with several of the neighbors around your property.

Can I pay my deposit in installments?” The landlord should always collect all of the move-in funds in full prior to letting the tenant obtain occupancy. If they can’t afford the security deposit, they probably aren’t very good at handling their money. This is a good indication you’ll have trouble later. Early in our career, we used to allow tenants to do this until we realized that it never worked, not even once. Unless you enjoy chasing down security deposit payments on your weekends and evenings, simply respond to this question with a firm, “Our policy states the security deposit must be paid in full prior to getting the keys.

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).

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.

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.

Anyone over the age of 18 living in the home must fill out an application, meet our screening requirements, and be on the lease.

This is also where the BiggerPockets Forums come in extremely handy. Post a question now, and within a few hours, you’ll have potentially dozens of experienced landlords chiming in to help.

Tenants sometimes like to pick and choose which questions to answer, or conveniently miss a question or two that they think will affect them negatively.

applicants know that incomplete applications will not be processed. If there are blank spaces on an application, simply give it back to them and let them know it will be processed when it is complete.

Never take the rental off the market and turn away would-be renters until you have an approved applicant and a deposit to hold the property in hand.

someone older who has been “living with family and friends,” as living with family and friends usually means something else is going on.

Excellent credit: 781-850 • Good credit: 661-780 • Fair credit: 601-660 • Poor credit: 501-600 • Bad credit: Below 500 In

Excellent credit: 781-850 • Good credit: 661-780 • Fair credit: 601-660 • Poor credit: 501-600 • Bad credit: Below 500

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.

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.

as technically you cannot refuse to rent based on someone’s previous drug abuse–related felony.

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.

According to the Fair Housing Act, a tenant with a disability may make changes to the unit to accommodate their disability at their own expense;

you will want to take into account 1) how long the potential tenant has been in their current position, and 2) whether the position is considered seasonal or temporary.

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

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.

A bad reference from a past landlord is a huge red flag.

whereas a current landlord may not want to lose a good tenant or may be overly excited to get rid of a bad one.

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.

Lesson learned: People seldom change. Now if a tenant has an eviction, we just say “no.

person’s credit score is evidence of their willingness and ability to pay their bills.

The biggest drawback to a sign is instant notification of a vacant house to any would-be criminals.

What kind of tenant do you want? Simple: a great one.

Most landlords require that a tenant’s (documentable) income equal at least three times the monthly rent.

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

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.

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?

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.

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.

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.

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.

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?

You are also protecting yourself from discrimination complaints since you require all applicants to meet the same qualifications.

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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go to school, get a great job with a great company, and be responsible” household.

exponential growth

The truth is, black mold is just a naturally occurring fungus that, when highly concentrated, can cause allergic reactions for those with weak immune systems.

Always be aware that every action you take is training your tenants in one way or another, so focus on training them to be the kind of tenants you love to manage.

we’ve only ever had one tenant call to complain, so we compromised and agreed to give him six more months before raising his rent. See? We’re not all bad guys!

Have had a bad experience with a previous landlord •  Fear they will be charged for the damages •  May not like having people in their home •  May not want the landlord to see the condition in which they keep the rental •  May fear that reporting a problem would “rock the boat” and trigger a rent-raise letter

While we were clearly upset with the tenant over not reporting the issue, the fault was ultimately ours. We should have performed regular inspections. Since that date, all of our units get inspected on a six-month rotation. Our lease also now states that any maintenance issues that are not reported that result in further avoidable damage will be billed to them.

When doing the property inspection, take note of the following things: • Mold and mildew • Undocumented pets • Broken window blinds •  Holes in doors or in walls •  Evidence of extra people living in the unit •  Smoke detectors and carbon monoxide detectors (if required)—make sure they exist, are up to code, and work •  Leaks under the kitchen and bathroom sinks •  Dripping water from the bathroom or kitchen sink • Dripping water from the bathtub •  Whether the toilet is continuously running • General cleanliness of the property •  Items piled against heaters or other fire dangers