Rental Property Quotes

We've searched our database for all the quotes and captions related to Rental Property. Here they are! All 100 of them:

Life itself is so extraordinary and unique that the only thing keeping people ordinary is themselves.
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
There was one, a Mr. Omuro, who had bought control of a great area of rental property in downtown San Francisco, and who for a time had been Frank’s landlord. There was a bad apple, he thought. A shark who had never made repairs, had partitioned rooms smaller and smaller, raised rents
Philip K. Dick (The Man in the High Castle)
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.
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
Don't wait to buy real estate. Buy real estate and wait
Will Rogers
Where is the motorcycle?” “I ditched it. Someone will find it sooner or later and return it to the rental company.” “Not in the U.S.” “We're not in the U.S., in case you haven't noticed. People don't steal lost property, they return it.” “How did you get this car?” “I stole it.
Anne Stuart (Fire and Ice (Ice, #5))
Don't buy things you can't afford with money you don't have to impress people you don't like it.
Graham Stephan (Build your Rental Property Empire - How to get the Best Tenant at Top Dollar)
whatever it desired to do would benefit property-owners by increasing rental values, and help the poor by lowering rents.
Sinclair Lewis (Babbitt)
A goal without a plan is just a wish.” —ANTOINE DE SAINT-EXUPERY
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.
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
Cicero himself had large amounts of money invested in low-grade property and once joked, more out of superiority than embarrassment, that even the rats had packed up and left one of his crumbling rental blocks.
Mary Beard (SPQR: A History of Ancient Rome)
Most of the crime-ridden minority neighborhoods in New York City, especially areas like East New York, where many of the characters in Eric Garner’s story grew up, had been artificially created by a series of criminal real estate scams. One of the most infamous had involved a company called the Eastern Service Corporation, which in the sixties ran a huge predatory lending operation all over the city, but particularly in Brooklyn. Scam artists like ESC would first clear white residents out of certain neighborhoods with scare campaigns. They’d slip leaflets through mail slots warning of an incoming black plague, with messages like, “Don’t wait until it’s too late!” Investors would then come in and buy their houses at depressed rates. Once this “blockbusting” technique cleared the properties, a company like ESC would bring in a new set of homeowners, often minorities, and often with bad credit and shaky job profiles. They bribed officials in the FHA to approve mortgages for anyone and everyone. Appraisals would be inflated. Loans would be approved for repairs, but repairs would never be done. The typical target homeowner in the con was a black family moving to New York to escape racism in the South. The family would be shown a house in a place like East New York that in reality was only worth about $15,000. But the appraisal would be faked and a loan would be approved for $17,000. The family would move in and instantly find themselves in a house worth $2,000 less than its purchase price, and maybe with faulty toilets, lighting, heat, and (ironically) broken windows besides. Meanwhile, the government-backed loan created by a lender like Eastern Service by then had been sold off to some sucker on the secondary market: a savings bank, a pension fund, or perhaps to Fannie Mae, the government-sponsored mortgage corporation. Before long, the family would default and be foreclosed upon. Investors would swoop in and buy the property at a distressed price one more time. Next, the one-family home would be converted into a three- or four-family rental property, which would of course quickly fall into even greater disrepair. This process created ghettos almost instantly. Racial blockbusting is how East New York went from 90 percent white in 1960 to 80 percent black and Hispanic in 1966.
Matt Taibbi (I Can't Breathe: A Killing on Bay Street)
Gross rental income (including utilities fee) –  Mortgage payment (including principal, interest, taxes, and insurance) – Cost of utilities –  Vacancy allowance (10 percent of gross rents) –  Maintenance and CapEx (estimated at 1 percent of the property’s value, divided by 12 for monthly cost) –  Property management (10 percent of gross rents) Cash flow
Scott Trench (First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes)
It was an old tradition: landlords barring children from their properties. In the competitive postwar housing market of the late 1940s, landlords regularly turned away families with children and evicted tenants who got pregnant.3 This was evident in letters mothers wrote when applying for public housing. “At present,” one wrote, “I am living in an unheated attic room with a one-year-old baby….Everywhere I go the landlords don’t want children. I also have a ten-year-old boy….I can’t keep him with me because the landlady objects to children. Is there any way that you can help me to get an unfurnished room, apartment, or even an old barn?…I can’t go on living like this because I am on the verge of doing something desperate.” Another mother wrote, “My children are now sick and losing weight….I have tried, begged, and pleaded for a place but [it’s] always ‘too late’ or ‘sorry, no children.’ ” Another wrote, “The lady where I am rooming put two of my children out about three weeks ago and don’t want me to let them come back….If I could get a garage I would take it.”4 When Congress passed the Fair Housing Act in 1968, it did not consider families with children a protected class, allowing landlords to continue openly turning them away or evicting them. Some placed costly restrictions on large families, charging “children-damage deposits” in addition to standard rental fees. One Washington, DC, development required tenants with no children to put down a $150 security deposit but charged families with children a $450 deposit plus a monthly surcharge of $50 per child.5 In 1980, HUD commissioned a nationwide study to assess the magnitude of the problem and found that only 1 in 4 rental units was available to families without restrictions.6 Eight years later, Congress finally outlawed housing discrimination against children and families, but as Pam found out, the practice remained widespread.7 Families with children were turned away in as many as 7 in 10 housing searches.8
Matthew Desmond (Evicted: Poverty and Profit in the American City)
For most people moving is a tiring experience. When on the verge of moving out to a new home or into a new office, it's only natural to focus on your new place and forget about the one you’re leaving. Actually, the last thing you would even think about is embarking on a heavy duty move out clean. However, you can be certain that agents, landlords and all the potential renters or buyers of your old home will most definitely notice if it's being cleaned, therefore getting the place cleaned up is something that you need to consider. The process of cleaning will basically depend to things; how dirty your property and the size of the home. If you leave the property in good condition, you'll have a higher the chance of getting back your bond deposit or if you're selling, attracting a potential buyer. Below are the steps you need to consider before moving out. You should start with cleaning. Remove all screws and nails from the walls and the ceilings, fill up all holes and dust all ledges. Large holes should be patched and the entire wall checked the major marks. Remove all the cobwebs from the walls and ceilings, taking care to wash or vacuum the vents. They can get quite dusty. Clean all doors and door knobs, wipe down all the switches, electrical outlets, vacuum/wipe down the drapes, clean the blinds and remove all the light covers from light fixtures and clean them thoroughly as they may contain dead insects. Also, replace all the burnt out light bulbs and empty all cupboards when you clean them. Clean all windows, window sills and tracks. Vacuum all carpets or get them professionally cleaned which quite often is stipulated in the rental agreement. After you've finished the general cleaning, you can now embark on the more specific areas. When cleaning the bathroom, wash off the soap scum and remove mould (if any) from the bathroom tiles. This can be done by pre-spraying the tile grout with bleach and letting it sit for at least half an hour. Clean all the inside drawers and vanity units thoroughly. Clean the toilet/sink, vanity unit and replace anything that you've damaged. Wash all shower curtains and shower doors plus all other enclosures. Polish the mirrors and make sure the exhaust fan is free of dust. You can generally vacuum these quite easily. Finally, clean the bathroom floors by vacuuming and mopping. In the kitchen, clean all the cabinets and liners and wash the cupboards inside out. Clean the counter-tops and shine the facet and sink. If the fridge is staying give it a good clean. You can do this by removing all shelves and wash them individually. Thoroughly degrease the oven inside and out. It's best to use and oven cleaner from your supermarket, just take care to use gloves and a mask as they can be quite toxic. Clean the kitchen floor well by giving it a good vacuum and mop . Sometimes the kitchen floor may need to be degreased. Dust the bedrooms and living room, vacuum throughout then mop. If you have a garage give it a good sweep. Also cut the grass, pull out all weeds and remove all items that may be lying or hanging around. Remember to put your garbage bins out for collection even if collection is a week away as in our experience the bins will be full to the brim from all the rubbish during the moving process. If this all looks too hard then you can always hire a bond cleaner to tackle the job for you or if you're on a tight budget you can download an end of lease cleaning checklist or have one sent to you from your local agent. Just make sure you give yourself at least a day or to take on the job. Its best not to rush through the job, just make sure everything is cleaned thoroughly, so it passes the inspection in order for you to get your bond back in full.
Tanya Smith
The Biggest Property Rental In Amsterdam Amsterdam has been ranked as the 13th best town to live in the globe according to Mercer contacting annual Good quality of Living Review, a place it's occupied given that 2006. Which means that the city involving Amsterdam is among the most livable spots you can be centered. Amsterdam apartments are equally quite highly sought after and it can regularly be advisable to enable a housing agency use their internet connections with the amsterdam parkinghousing network to help you look for a suitable apartment for rent Amsterdam. Amsterdam features rated larger in the past, yet continuing plan of disruptive and wide spread construction projects - like the problematic North-South town you live line- has intended a small scores decline. Amsterdam after rated inside the top 10 Carolien Gehrels (Tradition) told Dutch news company ANP that the metropolis is happy together with the thirteenth place. "Of course you want is actually the first place position, however shows that Amsterdam is a fairly place to live. Well-known places to rent in Amsterdam Your Jordaan. An old employees quarter popularised amang other things with the sentimental tunes of a quantity of local vocalists. These music painted an attractive image of the location. Local cafes continue to attribute live vocalists like Arthur Jordaan and Tante Leeni. The Jordaan is a network of alleyways and narrow canals. The section was proven in the Seventeenth century, while Amsterdam desperately needed to expand. The region was created along the design of the routes and ditches which already existed. The Jordaan is known for the weekly biological Nordermaarkt on Saturdays. Amsterdam is famous for that open air market segments. In Oud-zuid there is a ranging Jordan Cuypmarkt open year long. This part of town is a very popular spot for expats to find Expat Amsterdam flats due in part to vicinity of the Vondelpark. Among the largest community areas A hundred and twenty acres) inside Amsterdam, Netherlands. It can be located in the stadsdeel Amsterdam Oud-Zuid, western side from the Leidseplein as well as the Museumplein. The playground was exposed in 1865 as well as originally named the "Nieuwe Park", but later re-named to "Vondelpark", after the 17th one hundred year author Joost lorrie den Vondel. Every year, the recreation area has around 10 million guests. In the park can be a film art gallery, an open air flow theatre, any playground, and different cafe's and restaurants.
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Ninety percent of millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate. —ANDREW CARNEGIE
David Greene (Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties)
Screening practices that banned criminality and poverty in the same stroke drew poor families shoulder to shoulder with drug dealers, sex offenders, and other lawbreakers in places with lenient requirements. Neighborhoods marred by high poverty and crime were that way not only because poverty could incite crime, and crime could invite poverty, but also because the techniques landlords used to “keep illegal and destructive activity out of rental property” kept poverty out as well. This also meant that violence, drug activity, deep poverty, and other social problems coalesced at a much smaller, more acute level than the neighborhood. They gathered at the same address
Matthew Desmond (Evicted: Poverty and Profit in the American City)
LDW or Loss Damage Waiver. While this is not actually insurance, it represents an additional investment per day that you agree to make which relieves you of all responsibility for damages to the rental vehicle you are driving. It does not cover any other vehicles or damaged property. This option should be utilized when you have no insurance or when you do not wish to risk having a claim filed against your own policy. You have peace of mind here because you do not have to worry about your insurance rates increasing or your policy being wiped out from a claim.
Craig Speck (The Ultimate Common Sense Ground Transportation Guide For Churches and Schools: How To Learn Not To Crash and Burn)
Better are the wounds of a friend than the kisses of an enemy.
David Greene (Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties)
The key to rehabbing a BRRRR property is to make the property as “tenant proof” as possible, using materials that will last a long time and won’t need to be redone later.
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
For years, we have all been educated in the public school system and taught how to be an employee where we trade hours for dollars. It’s time to learn a new way of making money for yourself and your family. You
Dustin Heiner (How to Quit Your Job with Rental Properties: A Step-by-Step Guide to UNLOCKING Passive Income by Investing in Real Estate)
Whether it is big or small, the size of a poor man’s yard incessantly reminds him that he is poor.
Mokokoma Mokhonoana
How can we share the gifts of nature? By sharing the monetary value that human beings assign to nature. The fundamental thing we need to abolish is the mechanism by which people unfairly profit from land. The solution is simple: Property owners merely need to pay the communities from which they receive benefits through their exclusive use of land the exact market value of the benefits they receive. When land users pay significant proportions of the rental value of land to their local communities, they rightfully reimburse their communities. These can be called Community Land Contributions. Unlike, land value taxes, CLCs relate to the rental value (which subsumes all natural and social benefits) not land price. Also, a tax implies land users are being taxed on their land values while CLCs emphasize that land is a community good.
Martin Adams (Land: A New Paradigm for a Thriving World)
Screening practices that banned criminality and poverty in the same stroke drew poor families shoulder to shoulder with drug dealers, sex offenders, and other lawbreakers in places with lenient requirements. Neighborhoods marred by high poverty and crime were that way not only because poverty could incite crime, and crime could invite poverty, but also because the techniques landlords used to “keep illegal and destructive activity out of rental property” kept poverty out as well.
Matthew Desmond (Evicted: Poverty and Profit in the American City)
Building a custom website for your property or properties is a great way to showcase your listing or your entire investment portfolio.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
If you are looking to maximize your investment performance, find properties being sold as family weekend getaways and repurpose that asset into a 97 percent occupied short-term rental.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
I find the best way to identify these properties is by getting to know your neighbors and making it known in the community that you are actively looking to purchase additional real estate.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
What features are important to Post House For Rent Free Every property is different—and each one has features that make it stand out from the rest of the rental opportunities nearby. Knowing how to bring those to the forefront to attract new tenants, however, is the challenge. Luckily, there are a few simple ways to highlight these features with minimal photography skills and budget. If you do it right, you can also start building a brand for yourself, thanks to engaging videos, improved Instagram posts and more. Keep these tips in mind as you prepare for the spring and summer rental season.
Shipra Malhotra
The most common tenant scam we find is false prior rental verifications. Someone will answer the phone as the landlord of a property they either did not live in or was not really the actual landlord of the property they live in. We at Approveshield will verify rental history using proven methods that minimize chance of fraud.
approveshieldreviews
There is another more advanced version of HDR called flambient, which we use on all of our short-term rental properties.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
Today, Africatown is on the brink of disappearing. All the businesses and most of the people are gone. Fewer than two thousand people live in the old neighborhoods. The Meahers, the same family that removed the Clotilda’s passengers from Africa, have in effect continued to oppress their descendents into the twentieth century. Deciding to get out of the house rental business after nearly a century as one of Africatown’s most prominent landlords, the Meaher family suddenly bulldozed hundreds of rental properties they had built, destroying much of Africatown’s housing stock, rendering entire city blocks into vacant lots. They leased or sold their old plantation land surrounding the community for paper mills and other heavy industry, leaving residents saddled with high rates of cancers associated with environmental pollution. Even today, the Meaher Family Land Trust Group seeks to rezone property it owns in Africatown to bring more industry into the community.
Ben Raines (The Last Slave Ship: The True Story of How Clotilda Was Found, Her Descendants, and an Extraordinary Reckoning)
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
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Supply and Demand When it comes to investing in property of any kind, particularly rental property, I make sure my first objective is to get an accurate read on the supply and demand in the area. I’m not talking anything complicated, just basic economics. Supply is defined as the number of rental properties available in a market or submarket. Ideally, supply should be low and demand should be high.
Ken McElroy (The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors))
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
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Is the total move-in amount available now?”: The answer to this question gives you a good indication of whether your applicant is financially responsible and plans ahead. If they knew they would be moving and have gone so far as to apply for your rental, they should have had adequate time to prepare for the move-in money standards.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
When would you like to move in?”: If your applicant answered “today” or “ASAP,” be very careful during your screening process. A tenant wanting to move quickly could mean a few things: 1) They are being evicted, 2) their landlord asked them to leave, 3) they do not plan ahead, 4) they are not currently renters (everyone needs a place to live… where are they currently living and why?), or 5) a variety of other reasons that don’t bode well for you.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
If they request us to hold the unit longer, we will generally hold the unit for up to two weeks and try to negotiate a compromise with them. Most of the time, this strategy works.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Plan ahead and pick up a box or two of nice blue-ink pens for your lease-signing appointments, and make sure every tenant gets their own.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Who is your emergency contact?” (including contact regarding rent or tenancy):
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
According to HUD, a reasonable occupancy limit is two per bedroom under the Fair Housing Act.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Almost every great deal came as a result of some investor having the ability, desire, and plan to fix someone else’s problem. Money was made as a result of this. If you want to make wealth in real estate, learn how to fix other people’s problems and you will find that wealth finds you.
David Greene (Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple)
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?
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Deviating from your written lease or policy indicates inconsistency, which may lead to an accusation of showing partiality, also a form of discrimination. For example, if your lease states that a late fee will be charged for any rent not paid by the 5th, and you enforce the late fee with one tenant (they’re kind of a jerk) and not another (you like them), the tenant charged the late fee may feel they were discriminated against because of another reason. Regardless of your reasoning (one tenant was nice and the other a jerk), that situation could quickly get out of hand. It’s best to simply practice consistency and stick to your written policies.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Savvy business owners learn to delegate tasks to others. And yes, this is something that must be learned.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
but we don’t use lease agreements to prepare for the good times, we use lease agreements to prepare for the worst.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
•  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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Getting references from previous landlords is perhaps the most important of all the screening steps.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
verification of the tenant’s rental specifics, such as the address, lease term, and rental amount.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Did tenant stay for stated period (as listed on the Previous Landlord Reference form)? • What was the monthly rent? •  How much of the rent did the tenant normally pay? •  Did the tenant always pay rent on time? •  Did the tenant keep utilities on and paid in full at all times? •  Did anyone else live with the tenant(s)? •  Did the tenant(s) ever receive any legal notices (late rent, noise, unauthorized occupants, notice to vacate, etc.)? •  Did the tenant have any pets? •  Did the tenant maintain the home in good condition (housekeeping, lawn, etc.)? •  Did the tenant give proper notice before vacating? •  Did the tenant receive their entire deposit back after vacating? •  Would you rent to the tenant again?
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Success comes through repeating a process over and over until our brains figure it out—usually by spotting patterns of things that worked and things that did not, and remembering them.
David Greene (Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple)
If we make sure the ROI we make on our money is higher than the interest rate we are paying to borrow the money, we come out on top. For example, let’s say we invest that $30,000 at the same return we received in the last deal (15 percent). A 15 percent return on $30,000 would be $375 a month. $30,000 x .15 = $4,500 $4,500 / 12 (# of months in a year) = $375
David Greene (Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple)
TRG is the best property management company in Vancouver. Our Realtoroffers comprehensive property management services for both residential and commercial rental properties.
Metrovan Realty
Understanding this will help you immensely in your business.
David Greene (Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple)
We are the best property management company in Vancouver. Our Realtor offers comprehensive property management services for both residential and commercial rental properties.
Matt Kuras Team
More than half of the properties I have purchased were off-market deals.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
The best approach is to look at properties with a realistic understanding of your own skill set and also with a creative mindset that lets you envision the possibilities for guest amenities. Balancing your skills and creativity will help you find your ideal short-term rental property.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
Weekend getaway places in these areas make the best investments. Unlike downtown city properties, getaway locations have the potential to be scooped at a low price and repurposed into successful full-time, short-term rentals.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
Create a Style Guide for Your Housekeeper. Once you have your fabulous property photos, you can utilize them for more than your Airbnb listing. I create style sheets with photos of how each room should look for our housekeepers. Guests move candles, blankets, chairs, and sometimes couches to other rooms. Providing a visual template for your housekeepers helps them know what goes where.
Culin Tate (Host Coach: A Blueprint for Creating Financial Freedom Through Short-Term Rental Investing)
You are also protecting yourself from discrimination complaints since you require all applicants to meet the same qualifications.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Of all the precautions a landlord can take, requiring a security deposit is one of the most important—besides adequately screening tenants.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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!
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
A deposit is refundable, and a fee is not.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
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
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
We recommend building a relationship with several of the neighbors around your property.
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Avoid this situation altogether by simply requiring all move-in funds be made with a money order or cashier’s check.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
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.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Your social life is a homeostatic entity that desires to keep everyone on the same level, usually subconsciously. As you start to grow your wealth or your level of success, your friends will naturally feel the pull of homeostasis and, with no maliciousness intended, attempt to pull you back to their level. They won’t understand your newfound passion. However, if you instead hang around with five people far more successful than you, their homeostatic tendencies will kick in, and
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit 2))
Change is all around us, all the time, but our futures are in our control if we allow them to be.
Jason Kogok (Plug the Holes, Fill the Barrel: The ABC Guidebook for Amateur & Beginner Real Estate Investors looking to Build Wealth and Create Financial Freedom through Passive Income and Rental Properties)
One of the most expensive and unexpected costs you can have as a rental property manager is high tenant turnover.
Bryan M. Chavis (Buy It, Rent It, Profit! (Updated Edition): Make Money as a Landlord in ANY Real Estate Market)
What about real estate? In general, it holds its real value and yields rental income, but owning property isn’t so much an investment as it is a job. If you like fixing toilets and dealing with drug-addled, gun-toting deadbeat tenants, be my guest.
William J. Bernstein (The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio)
For my vacation rental business, Escape Club, we had a session to brainstorm how we could make the business more successful. It yielded modest results. A few days later, I called the team back and asked a different question: “What is something Escape Club can provide that no one else on the island is doing?” The results were amazing. Within thirty minutes we had come up with really powerful ideas, including exclusive access to services like a miniature golf course and renting the company’s pontoon—something no one else had on the island. We also decided to offer luxury services like Westin Heavenly beds and to develop a consistent feel between properties. Lastly, we realized that we could link up the properties for weddings and other events. The results of all this? We were able to cross-promote our properties and get a higher return rate of customers.
Colin C. Campbell (Start. Scale. Exit. Repeat.: Serial Entrepreneurs' Secrets Revealed!)
Sure, there are residents like my mother who understood that public housing was merely a bridge to self-sufficiency, but most treat their temporary rental leases as if they are permanent property deeds. Outside of prisons, the government shouldn’t provide lifetime housing.
Taleeb Starkes (The Un-Civil War: BLACKS vs NIGGERS: Confronting the Subculture Within the African-American Community)
Lee's Junk Removal & Property Care provides dependable roll-off dumpster rentals and junk removal services throughout Iowa. With yard containers and dump trailers, we handle residential, commercial, and construction waste. Serving Iowa City and surrounding areas, we offer tailored solutions for all projects, ensuring a seamless experience. Trust our experienced team to manage your debris efficiently while you focus on getting your project done.
Lee's Junk Removal and Property Care
If you fully convert your home to rental property and use it that way for years before selling it, after you do sell you can either take advantage of the lower long-term capital gains rates or do a tax deferred exchange. For tax purposes, you get to deduct depreciation and all of the write-offs during the ownership and you can shelter up to $25,000 in income from active sources subject to income eligibility requirements. (Please
Eric Tyson (Real Estate Investing For Dummies)
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]
Brandon Turner (The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profit)
Skeleton key property management, LLC has earned a good reputation with years of experience in serving the Rochester area and its surroundings in New York city with the world class countless real estate investment property services. We handle any kind of property may be office, rental condo, apartment, large industrial complex, single family home, town home and more.
skeletonkey property management
The fire on Calle Castillejos blazed forth the city's (Manila) ills: the influx from the provinces, the rise of the rentals, the greed of the propertied, the deterioration of living standards, and the flight of the old Manileño. By abandoning his old home,he doomed it to slum. By yielding his city to people with no roots in it, he suffered it to become what it is now: a city of squatters, a city of lodgers. Residential Quiapo is a dreadful example of what happened after the Manileño was crowded out of his city by the provincianos, the schools and the filling stations.
Nick Joaquín (Reportage on Crime: Thirteen Horror Happenings That Hit the Headlines)
read the blueprint, to see your dream in black and
Alan Anderson (Real Estate: Blueprint for Success: Flipping Houses, Home Buying and Rental Properties (House Flipping, Flipping Houses, Rental Properties, House Selling, ... Real Estate Sales, Real Estate Investing))
You are the average of the five people you spend the most time with.” Think
Brandon Turner (The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing)
The third D is deferrable. Tax law allows you to use IRAs and 1031 exchanges to buy and sell investment real estate while deferring the tax hit to a more advantageous time. IRA funds can be invested in real estate, and as long as any profits from rental income or property sales remain in the IRA, those profits are tax-deferred. The 1031 exchanges give you a choice at the moment of sale either to realize the gain and pay taxes on it or to reinvest that gain in another property and defer the taxes. And when you choose to reinvest, the transaction is treated as if you simply exchanged equity in one property for equity in another. The government has established these tax-deferring vehicles as a way for investors to reinvest real estate profits without having to pay the taxes until later. Millionaire Real Estate Investors believe that taxes deferred until tomorrow are always better than taxes paid today. As a result, they make use of these programs to preserve their profits as they go, giving them more to reinvest and accelerating the growth of their real estate portfolios. U.S.
Gary Keller (The Millionaire Real Estate Investor)
Urbana Properties manages luxury apartment rentals in NYC facing central park in exclusive areas such as 5th Ave, Upper East Side, Central Park in Manhattan. Discover our spacious luxury NYC apartment rental floorplans, central park views, private floors and white glove service.
Urbana Properties
If you're looking for a San Antonio property management company call us so we can talk about what DB Broker, LLC can do for you. You can, also, click "contact us" at the top of the page to email your questions or request a quote. We'd like to hear from you.
DB Broker LLC
Subletting may create a different problem for the tenant who sublets. Under some [rent control] ordinances, a tenant who sublets for a fixed term (e.g., a 3-month vacation) may not be able to evict the subtenant at the end of the subletting. This situation would arise if only persons with a specified record interest in the property have a right to evict for owner occupancy. The tenant (the seblessor) would not be able to evict the subtenant to reoccupy the premises, because the seblessor is defined as a "landlord" in the ordinance but not as an "owner." (If there is no other cause to evict, the owner-landlord could not evict the subtenant unless he or she planned to occupy the unit.) Counsel representing a subtenant should review the local ordinance to ascertain whether it defines a tenant as the "landlord" of the subtenant or if the definition of "tenant" includes any "subtenant." If so, the subtenant would have all the rights of a tenant under the ordinance. At least one ordinance specifically addresses this problem by providing that any landlord (not just an owner) may evict to recover possession for his or her own occupancy "as a principal residence" if the landlord previously occupied the unit and reserved the right to recover possession under the rental agreement. See Berkeley Mun[icipal] C[ode] §§13.76.040, 13.76.130. See also SF Rent Bd Rules & Regs §6.15C(1), discussed in §17.5. (In San Francisco, a well-informed tenant who is subletting will expressly reserve continued exclusive "possession" of some limited space so that the tenant can immediately enter on returning to the premises. Then, if necessary, and with proper compliance with the regulations, the tenant can evict the subtenant without cause.) It is unclear whether the Berkeley ordinance prohibits a landlord from evicting an unapproved subtenant and recovering possession, especially in light of the Costa-Hawkins Act (see §§17.1A–17.1G). If the landlord may not, then apparently the tenant who sublets may not object to further subletting by the subtenant. Such further subletting might, however, bar the tenant's right to recover possession. Berkeley Mun C §13.76.130 specifies that the right to recover occupancy must be in "an existing rental agreement with the current tenants." (Emphasis added.) A tenant who takes in a roommate by subletting must be distinguished from one who takes in a roommate with the landlord's consent, i.e., a cotenant. The roommate becomes a tenant of the landlord rather than a subtenant of the original tenant. In this situation, the original tenant has no right to evict the roommate. Only the landlord may evict and must have just cause [as defined by the ordinance] to do so if the roommate is found to be a tenant under the local eviction control ordinance.
Myron Moskovitz (California Eviction Defense Manual)
Are you planning to rent out your property? Take enough care to safeguard your rental property as well as your rental income. Guaranteed Rent Scheme helps you to cover up the damages to your rental income.
intelirent
Maybe you should get a very large life insurance policy on the next husband,” Lily suggested slurping her coffee loudly. “You know, before he makes an ash of himself.” “Very funny, but don’t think I haven’t thought of it. It’s an unpredictable way to score more rental properties, but I do seem to be good at burying men.
Tracy Brogan (My Kind of You (Trillium Bay #1))
1. The Cost Of The Service The cost of managing a property can be expensive and many people choose to avoid hiring a management agent because of the overall expense. Contrary to belief, the overall cost can be more cost-effective than having to care for the property independently. By using a property management company you will have access to a plethora of different professionals from different industries at a single cost instead of having to pay for separate services at high costs. 2. Freedom Arguably the most beneficial reason to hiring a property management company is the concept of freedom. By using professionals to manage your property you will not need to be in the vicinity to complete transactions. For example, you can take a vacation when the manager deals with tenancy issues in your property.
Property Management (Property Management Company Free Online Advertising Video Marketing Strategy Book: No Cost Video Advertising & Website Traffic Secrets to Making Massive Money Now!)
She was every bit of everything he remembered about her, all at once and all at the same time. That was Kerry McCrae in a nutshell, he thought. All at once, full on, 100 percent real. No bullshit. She froze on seeing him, and while the wariness in her beautiful green eyes wasn’t a surprise, the vulnerability sure was. “Starfish--” “Don’t call me that,” she said, then immediately, and less stridently, added, “Not here.” She ducked around him before he could react and was down the set of wooden steps leading off the narrow cement loading dock that ran along the back of the pub, heading across the gravel lot. He started after her. He might not have handled any of this even close to how he’d planned, but he wasn’t flying all the way back home without at least a conversation. A private conversation. You might have wanted to lead with that, you yobbo. “Kerry, wait.” “Not here,” she repeated, then opened the driver’s side door to a beat-up old navy blue truck that looked like it was more rust than actual metal. “Get in.” “I’ve got a rental. I’ll be happy to--” She swung her laser green gaze to his. “Get in.” She slammed the door without waiting for a reply, then slammed it a second time to get the handle to catch. He climbed in the passenger side, not all that surprised to find the inside of the cab surprisingly clean and as well maintained as possible, given the thing had one tire, if not two, in the grave. Kerry McCrae had never fussed about how she looked or what she wore, but when it came to property or equipment, whether it be her own or simply entrusted to her care, no matter how old or worn out, she had a dab hand at keeping it clean and neat, all systems go. Her concern was never about appearance, just functionality and getting the job done. It was sexy as hell then, and it was sexy as hell now.
Donna Kauffman (Starfish Moon (Brides of Blueberry Cove, #3))
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.
Brandon Turner (The Book on Rental Property Investing (BiggerPockets Rental Kit, #2))
Looking to buy, sell, or invest in Las Vegas real estate? I'm Lidor Asor, a dedicated agent specializing in residential properties, short-term rentals, fix-and-flip opportunities, and overseas investments. With deep local knowledge and a commitment to client satisfaction, I'll guide you through every step. My professionalism, reliability, and excellent communication ensure a smooth, successful experience. Contact me today and let's make your real estate dreams come true!
Lidor M Asor Real Estate Agent
Breaking big problems down into smaller pieces is how experts approach obstacles.
David M Greene (Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple)