Real Estate / For the Home

Get Ready to Pay When a Tenant Leaves

This year has served as a good reminder. 2019 has been one of high tenant turnover, and managing rental properties has been time-consuming. Almost every rental property we manage has had a transition from one tenant to the next, which reminded me of just how …

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How Real Estate Investors Spot a Motivated Seller

Every buyer or real estate investor wants a motivated seller because it often results in getting a pretty good deal on the property… however, it’s not always easy to spot a motivated seller, at least not before negotiations begin.  Over the years, I’ve figured out …

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How to Renovate a Beat-Up Rental Property

2017 has been a year of renovations for our rental properties. We’ve acquired two new units and renovated five. And we’ve had tenant turnover like never before. In all but one of our suites, our tenants have changed. But that kind of turnover creates the …

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How to Renovate Your Rental Property for Max ROI

As a landlord managing several investment properties, I’ve always advocated for, when needed, renovating your rental property with high-end finishings. What I mean by that is where there are laminate countertops, replace with granite. Linoleum in a bathroom, replace with tile, and where there are …

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How to Avoid the Tenant from Hell

Ah, the tenant selection process… it’s where you are made or played as a landlord. Almost your entire success as a landlord hinges upon selecting the right tenant for your rental property. I just went through the process again this July for one of my …

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The One Thing Every Great Office Needs

Your office space… It needs to be perfect, for you. It should inspire and be a place you enjoy going to. It should empower. The sunlight that comes in through the window, the pictures on the wall, it all matters. You need to customize your …

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Why Tenants Should Live Better than Landlords

Ask the kitchen staff of a fine restaurant who eats better, them or the patrons… same goes for car dealers; often the clients drive better cars than the sales staff. Hotels too – guests sleep in nicer suites than the workers live. At the end …

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Landlord Etiquette – How to Build Rapport with Tenants

A tenant is a landlord’s business partner, and they should be treated accordingly. This means they should be shown respect, but also held accountable. Essentially, they are watching over one of your most expensive assets – therefor it is imperative your relationship with them is …

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Property Managers Take Landlords’ Money and Provide No Value

Thinking about hiring a property manager for your rental property? I have a comparable idea: Take 10% of your rental income and light it on fire… Unless you live in a different city than your rental property, or you’re just so busy you can’t take …

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