Landlords have a lot to remember and a lot to do. Everything from finding a tenant, vetting, upgrades, communication…the list goes on and on. Just as importantly, however, is remembering NOT to do certain things. The following “Don’t List” will keep you out of financial trouble and in good standing with your tenants. Don’t Forget To Save You probably already have a personal savings account for a rainy day. That’s great! However, that’s not the same thing as saving for your pr

If you are going to be a landlord, strive to be the best. Anything less and you’re shooting yourself in the foot. Rockstar landlords are going to have less vacancy, less unexpected problems and more profitability. Here’s a few of my favorite tips to keep your investment a successful and happy one. Treat It Like A Business Because it is one! Being a landlord isn’t a hobby, it’s a job. This seems obvious, but you’d be surprised. A Landlord is in charge of someone’s home. Don’t

To include or not include the cost of utilities with tenants. This is a question many landlords will have to face during their career. Often the size of the building will dictate the decision. For example, a landlord probably isn’t going to cover the utilities of a 24-unite building, there are too many variables. But why would you WANT to include utilities? Here’s both sides. If the property was a SFH and is now a multifamily unit, there’s a chance the building is not separat

A tenant is moving out! Depending on your relationship this could be cause to celebrate. Or they might have been great and you’re sad to see them go. Either way, it’s time to assess damages – if any. No matter friend or foe, a landlord still has to make an honest assessment of the apartment. You collected a security deposit at move-in, so you’re covered to a certain extent. But what if repairs are going to exceed the amount saved? Don’t freak out, you’ve got a few options. Ev