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Archive of Eric Drenckhahn

Eric is a 54 year old, soon to be former, computer professional. He started several years ago to replace his “work income”, with other alternate streams. He is well on his way to retirement at age 56, and is currently making more money at extracurricular activities, than he is working at his full time job. Whether that is Financially Independent, or just old fashioned entrepreneurial spirit, is in the eyes of the beholder.

Eric has written 10 articles for The BiggerPockets Blog.


General Real Estate

How to Get Higher Rents, the Hard Way!

by Eric Drenckhahn August 17, 2014
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If you are like most landlords or property managers, you are always looking for the highest rents, after all, no one I know shoots for the lowest rents. But there comes an amount where the rent exceeds the value of the property.  Once that happens, you would think that you would not be able to […]

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General Real Estate

Where is the Housing Market Headed?

by Eric Drenckhahn August 10, 2014
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As a long-term Real Estate investor, I am always trying to determine where the money is to be made in Real Estate.  I personally like passive income generated through being a landlord.  It’s not as passive as some would like, but it is passive in terms of the IRS. I write about the non-passive nature […]

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General Real Estate

Multifamily Landlords Are More Experienced Than Single Family Landlords

by Eric Drenckhahn July 28, 2014
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I have to disclose, I am a multifamily housing landlord. I have a biased opinion when it comes to whether a multifamily housing landlord is better than a single family landlord.  If you can use the analogy of college classes, multifamily housing landlord is like the person who took math and science classes.  Miss an […]

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General Real Estate

The 7 Dirty Truths about Landlording (Like it or Not!)

by Eric Drenckhahn July 14, 2014
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It’s not always fun and games when you are a landlord. Landlording is not always making large banking deposits and Caribbean vacations.  Sure, around the world trips often come with owning Real Estate, but you still need to earn it.  Here are some of the dirty truths about landlording. The 7 Dirty Truths about Landlording The […]

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General Real Estate

What Is Your End Goal in the Real Estate Game?

by Eric Drenckhahn June 28, 2014
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At some point, we all look forward to that time we can spend on the beach, in a hammock, or even working until you drop over dead. Most people want to get to a comfortable retirement plan, and be able to do what they want to do, with no one telling them when to go […]

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General Real Estate

The 8 Reasons Why Using Property Management Is a Waste of Time

by Eric Drenckhahn June 8, 2014
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This post is likely to rankle a few feathers, especially for the property managers out there. But first a disclaimer; I have 24 rentals that I manage and maintain myself. I manage and maintain a property for another person, and I have a real estate license. I even have a full-time job.  I have used […]

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General Real Estate

How to Do Criminal Background Checks (The RIGHT Way)

by Eric Drenckhahn May 28, 2014
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My first two posts on tenant screening dealt with the most important aspects of tenant screening, credit and income verification. In my third post on tenant screening, I discussed, with quite a bit of controversy, the downfalls of past landlord checks. The fourth and final pillar in tenant screening is the Criminal Background Check. Why […]

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Real Estate Tips

Fail-Proof Your Tenant Screening With Prior Landlord Checks

by Eric Drenckhahn May 19, 2014
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I have already written about the two most important facets of Tenant Screening, credit score, and income:  How Effective Tenant Screening Can Lead to Higher Profitability The Four Pillars Of Tenant Screening You will never get paid if you do not have tenants that make enough money. You will be continually chasing rents, and other […]

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Rental Properties

The Four Pillars Of Tenant Screening

by Eric Drenckhahn May 12, 2014
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There are four pillars to tenant screening, including: Credit score Income Rental History Criminal background. All four are important, but credit score and income are the main ones. Those two are the easiest to uncover and verify. They are also the most objective rather than subjective. Make Housing Affordable: One thing that landlords must understand […]

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Rental Properties

How Effective Tenant Screening Can Lead to Higher Profitability

by Eric Drenckhahn May 5, 2014
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This is my first post as an author at BiggerPockets.com. I have written a few smaller articles on the BiggerPockets Member Blogs here about effective tenant screening, and my approach to the process. I have 24 renters, in two duplexes and five 4-plexes.  I also screen for a large (120 unit) apartment complex, and approve or […]

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