‘tenants’ Archives
Don’t Let Tenant Problems Distract You
Settle fast and move on. When you own rental problems you will eventually have tenant problems. I see a lot of beginner investors spending way too much time chasing these problem tenants. I view at tenant problems as my problem. I didn't screen the tenant properly or I used other bad property management techniques. There are two general [...]
Property Management Problems
Some quick tips.I have had several people tell me about their bad experiences as a Real Estate Investor. They bought a house as an investment and then rented it out. They typically have a history of bad tenants who caused a lot of damage. They couldn't afford the repairs so they ended up selling and actually had to pay because the house sold for [...]
What If Your Tenant Buyer Walks Away?
You Tenant Buyer Decides Not to Buy.Another question I get a lot from my students is “what if the Tenant Buyer decided not to buy?” in a Lease Option arrangement.Sometimes your tenant Buyers will decided not to exercise their option and walk away from the deal. Or maybe you have to evict them due to non payment or some other problem. Either [...]
Can I be a Real Estate Investor with bad credit and no money?
Absolutely. I do it all the time.It still amazes me how many times this question gets asked. I have purchased all my properties with nothing down and I continue to do so. I used to have bad credit and I still don’t have great credit. The problem with my credit now is that I have so many mortgages. If you have no money, you can acquire properties [...]
Good Property Management = Good Tenants
Owning rental properties can be easy to manage if you apply some basic principles.You have probably heard some horror stories of owning rental properties. Problem tenants, problem properties, late night calls, late payments, no payments, negative cash flows, damages, etc.One of the best ways to avoid most of these problems is to find good tenants. [...]
