Rental Property Quotes

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

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

Don't wait to buy real estate. Buy real estate and wait

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.

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.

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.

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

whatever it desired to do would benefit property-owners by increasing rental values, and help the poor by lowering rents.

Don't buy things you can't afford with money you don't have to impress people you don't like it.

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.

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.

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

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.

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.

You are the average of the five people you spend the most time with.” Think

Whether it is big or small, the size of a poor man’s yard incessantly reminds him that he is poor.

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]

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.

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

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

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.

But Donald didn’t understand, and refused to learn, that owning and running casinos were vastly different from owning and running rental properties in Brooklyn, from the business model and the market to the customer base and the calculus involved. Because he couldn’t see that glaring distinction, it was easy for him to believe that more was better in Atlantic City, just as it had been for my grandfather in New York’s outer boroughs.

challenged

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In my experience, houses built during the most recent boom—ignoring any current new construction spikes—will be the most desirable to potential buyers, while the boom previous to that makes for the best rentals.

monthly rental payments

Table of Contents Things About House For Rent Barrie Excitement About House For Rent Barrie The 15 Second Trick For House For Rent Barrie If you're looking to move into a home that's not going to be taken over by an estate agent, then you should seriously consider taking a house for rent to stay. There are many reasons why you might want to rent a home rather than staying in your own. Perhaps you've just bought a house and you're trying to find somewhere to stay before you move in. Maybe you're simply on holiday and need somewhere to stay until you're back at home. Things About House For Rent Barrie There are many things to think about when you are considering renting a house instead of buying one. Before you decide whether or not you want to rent a house, you will need to consider what you'll be doing in the house for the majority of your stay. Will you be living alone, with a friend or partner or as a couple? How long do you want to stay in the house to avoid being tempted to move away once your new home is complete? The main reason why you might want to rent a house instead of buying it is because you can save money in the process. You won't have to spend months paying rent, or put down a deposit, or arrange for an insurance policy or rental repayments to take care of everything in the event that you move out. With the economy currently, people don't like to have to spend money, but they also like to save money. If you live in Barrie, then this will be an ideal place to rent a house to live for most of the year. Although you may have to pay some sort of rent during the summer months, and during the colder months you may have to find some other way to pay the costs involved in staying there. Most people who rent a house often decide to move back into their own homes once the lease on the property is up. However, they often find that moving back in isn't as easy or comfortable as when they first moved into the home. So, they choose to take a house to rent to stay for a few months, until they're back in their own home. Renting a house is also a great way to get a place to work in London. Because London is so popular, there are many people working in various different places all across the city, and they are not all living in one place. A house to rent to stay in is a convenient option for many people, and it allows them to work from home. This way they will be able to continue to work, pay their bills and other expenses at home, but still have access to other activities throughout London. Excitement About House For Rent Barrie When you are thinking about taking a house to rent to live in, there are also a number of benefits for you. First, you won't have to put up with the expense of all the costs that go along with having a property to rent and buying a property. Even if you do want to buy a property you may be able to buy it cheaper. The other benefit to owning a home is that you'll be able to easily get a tax return back on the money you have saved by taking on a house to let in Barrie. Although not all landlords give out tax returns on the money you owe them, it is worth asking. The truth is that more people are choosing to rent out their homes to tenants, and this gives them an opportunity to help themselves to some of that money.

Over the next few years, the number of African Americans seeking jobs and homes in and near Palo Alto grew, but no developer who depended on federal government loan insurance would sell to them, and no California state-licensed real estate agent would show them houses. But then, in 1954, one resident of a whites-only area in East Palo Alto, across a highway from the Stanford campus, sold his house to a black family. Almost immediately Floyd Lowe, president of the California Real Estate Association, set up an office in East Palo Alto to panic white families into listing their homes for sale, a practice known as blockbusting. He and other agents warned that a 'Negro invasion' was imminent and that it would result in collapsing property values. Soon, growing numbers of white owners succumbed to the scaremongering and sold at discounted prices to the agents and their speculators. The agents, including Lowe himself, then designed display ads with banner headlines-"Colored Buyers!"-which they ran in San Francisco newspapers. African Americans desperate for housing, purchased the homes at inflated prices. Within a three-month period, one agent alone sold sixty previously white-owned properties to African Americans. The California real estate commissioner refused to take any action, asserting that while regulations prohibited licensed agents from engaging in 'unethical practices,' the exploitation of racial fear was not within the real estate commission's jurisdiction. Although the local real estate board would ordinarily 'blackball' any agent who sold to a nonwhite buyer in the city's white neighborhoods (thereby denying the agent access to the multiple listing service upon which his or her business depended), once wholesale blockbusting began, the board was unconcerned, even supportive. At the time, the Federal Housing Administration and Veterans Administration not only refused to insure mortgages for African Americans in designated white neighborhoods like Ladera; they also would not insure mortgages for whites in a neighborhood where African Americans were present. So once East Palo Alto was integrated, whites wanting to move into the area could no longer obtain government-insured mortgages. State-regulated insurance companies, like the Equitable Life Insurance Company and the Prudential Life Insurance Company, also declared that their policy was not to issue mortgages to whites in integrated neighborhoods. State insurance regulators had no objection to this stance. The Bank of America and other leading California banks had similar policies, also with the consent of federal banking regulators. Within six years the population of East Palo Alto was 82 percent black. Conditions deteriorated as African Americans who had been excluded from other neighborhoods doubled up in single-family homes. Their East Palo Alto houses had been priced so much higher than similar properties for whites that the owners had difficulty making payments without additional rental income. Federal and state hosing policy had created a slum in East Palo Alto. With the increased density of the area, the school district could no longer accommodate all Palo Alto students, so in 1958 it proposed to create a second high school to accommodate teh expanding student population. The district decided to construct the new school in the heart of what had become the East Palo Alto ghetto, so black students in Palo Alto's existing integrated building would have to withdraw, creating a segregated African American school in the eastern section and a white one to the west. the board ignored pleas of African American and liberal white activists that it draw an east-west school boundary to establish two integrated secondary schools. In ways like these, federal, state, and local governments purposely created segregation in every metropolitan area of the nation.

Morgan Clarke Properties Ltd of Walsall can sell your house fast even for cash with fixed fee and no fee options. Ask for details. They also offer property lettings and management for Landlords that want to let a property in Walsall where Morgan Clarke manage your rental properties and get reliable tenants.

From a strictly investment perspective, commercial real estate has several benefits over residential real estate: • More stable cash flow • Longer leases (usually five to ten years) • More opportunity for cash flow (more rental units than even a multi-family home) • Economies of scale (lower per-unit costs, like buying in bulk)

One clue to a good rental market: properties being snatched up for cash, which indicates investors. You can do a search at the local courthouse (part of the public record) to find out whether homes in the area have been selling for cash.

For example, let’s say you bought a rental house five years ago for $300,000 and rented it for three years. When your tenant moved out, you and your spouse moved in and stayed there for two years. You just sold the house for $400,000, a $100,000 capital gain. You can exclude two-fifths of that gain ($40,000) from taxes.

Unlike the house you live in, practically every expense attached to your rental property counts as a deductible business expense for tax purposes. Expenses to deduct include: • Mortgage interest • Property taxes • Insurance • Homeowners association dues • Advertising (to fill a vacancy) • Utilities • Repairs and maintenance • Pest control • Landscaping • Trash pickup • Depreciation What doesn’t count as an expense? Any major repairs or renovations you perform count as capital expenditures that get added to the cost basis of the property, effectively reducing your taxable income when you eventually sell.

If you qualify for one of these exceptions (and most landlords can), you’ll be able to deduct at least a portion of your rental property losses against all of your other income. The two exceptions cover landlords who “actively participate” and real estate professionals. Both of those come with some strict IRS definitions, so make sure you really qualify (your CPA will be able to help if you’re not sure) before you take the deduction.

If you “actively participate” with your rental properties, you may be able to deduct $25,000 of rental real estate losses against your other income.

If you qualify as a real estate professional under IRS rules, there’s no limit on the amount of rental losses you can use to offset other income. As you’d expect, this exception

The TCJA created a tax treasure for pass-through business owners, such as landlords set up as sole proprietorships, LLCs, and partnerships. Any profits earned through the rental properties get “passed through” to your personal income tax return. If your rental properties qualify as a business for tax purposes—and they almost always do when you actively participate in the business—the new tax law lets you deduct 20 percent of your net rental income from your taxable income. That can translate into huge tax savings, freeing up more money so you can beef up your investments or pay down some debt.

There’s a special tax provision called Section 179 that lets business owners deduct 100 percent of the cost of personal property (such as desks and computers) in the year it was bought instead of having to depreciate it over time. In the past, rental property owners weren’t allowed to use this provision for personal property (such as appliances, carpets, and furniture) in their rental units. The Tax Cuts and Jobs Act (TCJA) removed that restriction, and now landlords can take full advantage of Section 179 deductions, up to a total of $1 million (but the deduction can’t create a net loss).

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.

Depreciation gets special IRS attention, and requires Form 4562. To fill out this form (whether you’re doing it with DIY software or providing info to your accountant), you’ll need to know the basis of your rental property. The basis for depreciation is different than the overall basis because land does not get depreciated, and may change over time if you make improvements to the property. To get started you’ll need to know: • The original purchase price of the property • The list of closing costs (most closing costs get added to the basis) • Land value, which you can find on the most recent property tax assessment paperwork • Additions or improvements you made that will add value for more than one year (think replaced roof, not repainted rooms) • The date the property was “placed in service,” meaning made available for rent The

When you’re ready to sell your rental property, you may be in for a very large windfall. That could produce a substantial tax bill, unless you take some steps to reduce that tax burden. There are three main ways to do that with rental properties: • Sell off some losing assets (like stocks that have plummeted) to offset the gain • Structure a special deal called a 1031 exchange • Turn the property into your primary residence for a couple of years before you sell

The basic premise of 1031 exchanges is the asset swap: you’re essentially trading one asset for another. To qualify here, the assets have to be real estate and be “like-kind.” Here are some examples of real estate assets that you could swap and benefit from the 1031 rules: • Single-family rental property • Multi-family rental property • Apartment building • Office building • Strip mall • Self-storage facility • Hotel • Raw land

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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.

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.

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.

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.

Life’s too short to rent to people who will shorten your life even further, so let’s get rid of them, shall we?

never allow a tenant to use their deposit as the last month’s rent. Make sure your lease has a clause that states that the deposit may not be applied toward rent at any time.

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.

In most states, a tenant without a rental contract is treated the same as a tenant on a month-to-month lease.

If you own no more than three rental properties, you do not have to follow Fair Housing Laws.

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.

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

exponential growth

I believe you need more than just one source of income so that your money can in turn work for you. Money isn't everything, it is just a tool. No one just has only one tool in their tool box, so get you a set of tools that will get the job done.

Additionally, have them take a photo of the serial number on the HVAC unit, which will tell you how old it is before you make an offer.

I have seen many investors pass up great deals because the property needed a little rehab, or didn’t need enough rehab, or the numbers were .0001 percent off on their spreadsheet. Don’t pass up a great opportunity because you’re too rigid in your approach. It’s also important to keep in mind that what works in one market does not always work in another.

Never allow your tenant to use their deposit for rent at any time.

If they end up calling at the property wondering where you are, you know they aren’t very good at following simple instructions.

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.

To combat this, we started doing group showings.

On the flight on the way here I’d overheard the passengers seated in front of me talking about how affordable rental properties were so scarce in Dublin, people on shift-work were time-sharing bedsits.

The “velocity” of our money makes a very big difference in the overall wealth-building game.

Every Work Order should also be treated as an inspection of your rental property. If your service person has properly documented rental agreement violations, you can email them your legal form giving them notice of lease violations. In my town, they have 14 days to fix the violations or we can start the eviction process.

Find it by Googling “[your state] contractor license search,” and it should pop up first.

Good contractors never need to fight for work, so make sure you are their favorite client, and you’ll never need to fight for 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

When we hire our handyman to do an inspection, we give him a stack of our Property Inspection Checklist to fill out for each property and return to us.

They continuously improve their business, looking for small and large ways to tweak their operation to make more profit, while simplifying the tasks that need to be accomplished.

One of the top reasons tenants move from one place to another is because of their non-responsive landlord. Therefore, it’s not just cordial to have good communication, it’s also good for business.

Should something bad happen in your business and you are forced to appear before a judge, generally the rule holds true that “he who has the best paperwork wins.

don’t have every answer in the book, but are willing to seek knowledge from other business owners and through books, podcasts, and other educational sources.

If you want to avoid fines and possible jail time, don’t discriminate against any of the protected classes (race, color, religion, sex, national origin, familial status, disability, and other locally protected classes). Be careful in the language you use in your advertising, on the phone, in person, in your documents, and anywhere else in your business. And maintain good records in case someone ever wants to bring a case against you for violating the Fair Housing Laws.

Michael Jordan) once said, “Some people want it to happen. Some wish it would happen. Others make it happen.

Of course, our favorite Dispositions of Deposit to complete are the ones where the tenant gets an entire refund back minus the cost of mandatory carpet cleaning.

Just make sure that your rental price isn’t so high that if affects your vacancy rate in a significant way.

Al Williamson’s excellent book 40 Ways to Increase the Net Income of Your Rental Property.

•  Challenge Tax Assessment: One of the largest expenses you’ll pay each year is the annual property tax bill. If you feel that the value that your County’s Tax Assessor has given to your property is too high, you can challenge it and ask that it be changed. There is no guarantee that it will be, but if your case is strong enough, you might be able to save hundreds or thousands of dollars per year.

as numerous individual colored folders, one for each of the following categories: • Insurance info • Mortgage info • Purchase docs • Monthly income statements • Bank statements • Tenant interactions • Rehab and maintenance • Tenant files • Receipts • Miscellaneous paperwork This way, each property will have one overarching folder file, as well as several color-coded folders for easy retrieval of information. Need insurance docs for 123 Main Street? Oh, that’s in the 123 Main Street file, red folder.

For more on this inbox system, be sure to read David Allen’s book Getting Things Done.

That said, when small contractors submit a bill to us, we will often pay it immediately, as we want to reward excellent work and to be known among our private contractors as quick-paying.

Our favorite and the least expensive (it’s free!) is Google Voice.

never let them get more than two weeks behind, don’t make it a habit,

Adopt a policy of fair-but-firm when dealing with late rent, and the issue won’t leave you bankrupt.

Here are a few things you can do to prepare for maintenance issues within your rental business: 1.  Have a reliable list of go-to contractors and handymen that you trust. 2.  Create a system for documenting and tracking maintenance requests. 3.  Become familiar with your local laws on the landlord’s responsibility for responding to and dealing with maintenance issues. 4.  Keep a detailed record of all maintenance requests and their resolutions.

•  Tenant C never reports anything, even when it’s important. Tenant C is fairly common among tenants.

One last thought on dealing with maintenance issues: Always pay your contractors and

handymen quickly so they respond quickly when you need them. If you have a reputation for taking your sweet time paying your bills, they will remember that when you call them for help.

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.

Business owners create systems and repeatable processes that help them build a “machine” that runs smoothly.

Getting to know the neighbors can help you keep a physical eye on your investments, while great bookkeeping will help you keep a financial eye on the same.

Lastly, when a tenant moves out, don’t throw away their file. Keep all tenant files for at least ten years. You never know when you might need them, and rubber bins are cheap and can easily be stored in your attic or garage.

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.

tenants to fill out that asks specific questions like: •  How would you rate the service you received from us? •  How would you rate the quality of service you received while renting your home in regard to handymen and contractors? •  How would you rate your overall experience with us? •  What is your overall impression of the home you rented? •  What did you like most about the home you rented from us? •  What did you like least about the home you rented from us? •  Do you have any suggestions for improvements we could make to the home? •  Would you rent from us again or refer others to us in the future?

Ouch. Ignorance is not bliss, folks. It can hurt—a lot.

appreciation, cash flow, tax savings, and loan paydown. Let me explain each one in more detail.