eviction

Evicting Your Tenants without Using a Forklift

by Jason Hanson | December 4, 2011

I recently came across a headline which read, “Man Charged With Attempted Murder in Forklift Attack.” Apparently, the guy was a landlord who had some tenants in a mobile home who weren’t paying rent. He tried to get them to leave the home but they refused. That’s when he drove a forklift into the home [...]

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Real Estate Investing

Landlords: How To Make Extra Rental Income with Late Rent Payments

by Jason Hanson | October 9, 2011

I’m a pretty strict landlord. When I first meet potential tenants I literally tell them not to fill out the application if they don’t plan on paying their rent on time or if they won’t treat the house with care, because my company will evict them in a heartbeat. There have been a few times [...]

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Landlord Tenant

How to Use The Pay Rent or Quit Notice when the Rent is Late

by Jason Hanson | August 14, 2011

I recently got an email from a newer investor I was helping out. He’d already done several deals and was very successful despite being in the real estate business for such a short period of time. However, he now had a tenant in one of his rental properties who was not paying rent, and since [...]

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Landlord Tenant

Landlords: How to Proceed when The Rent is Late?

by Peter Giardini | May 20, 2011

Hmmm… you are probably wondering… what is this a trick question? Well, that could be a correct assumption if your only action is to post a “notice to quit” and head to court. But is that the only action you should be taking when the rent is late? Not a chance! Based on my experiences, once [...]

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Landlord Tenant

Finding Quality Tenants: Winning Through Intimidation

by Jason Hanson | March 6, 2011

One of the best business books ever written is Winning Through Intimidation by Robert Ringer. If you want to become a successful investor, buy the book. You see, far too many people don’t want to make others feel uncomfortable and are often too nice. In most aspects of your business this won’t hurt you too [...]

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Real Estate Investing

Another Day at the Auction – 3 Houses, 3 Tales

by Marty Boardman | February 3, 2011

Is it really true that bad things happen in threes? You hear it all the time. If a celebrity dies you’re certain to catch someone saying that two more are about to drop dead. But there’s a lot of good stuff that comes in threes, like: The Three Musketeers The Star Wars trilogy (the first [...]

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Landlord Tenant

How to Avoid Landlord Mistakes and the Dreaded Eviction Process

by Peter Giardini | October 14, 2010

I must need a shrink. This entire article was composed while I was asleep presumably getting a sound nights rest. Where it came from I don’t know… other then the last article I wrote – Tenants: Customers or Scum? – and the subsequent comments which were great, have been weighing heavily on my mind. In my [...]

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Landlord Tenant

Why Late Fees Are So Important…

by Jason Hanson | December 30, 2009

I own a lot of properties. I won’t reveal how many because I’m a private person and I think it’s “bad luck” to show all your cards to people. But because I have so many properties, in any given month I have several people who don’t pay their rent on time. You see, my rent [...]

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Landlord Tenant

Landlords: This Is One of The Many Benefits of Treating Your Tenants Like Gold…

by Jason Hanson | August 5, 2009

I ask two things of my tenants: to pay the rent on time and to treat the house with care. Before they move into a property I let them know the importance I place on these two things. I tell them that my “supervisors” are very strict and will evict people in a heartbeat who don’t pay their rent.

I even make tenants sign an additional document besides the lease, called “Company Payment Policy”. This one-page document states in plain writing that my company has ZERO-TOLERANCE for non-payment of rent. I’ve never had a problem getting anyone to sign this, and obviously if someone refused, that’s not the type of person you would want in your property anyway.

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Real Estate

What’s a One-Year Lease Really Worth?

by Brendan O'Brien | June 28, 2009

When landlords sit down with prospective tenants, they typically say something like this: “You’re signing a one-year lease. This is a contract for you to pay $9000 in 12 monthly installments for the use of the apartment. In other words, it’s a one-year commitment. You are responsible for the entire amount, even if you leave [...]

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Real Estate

Three Innovative, but Risky Ideas

by Brendan O'Brien | June 7, 2009

My recent article on Tata Group’s innovative $8,000 housing units got me inspired to think of new ways to solve my problems. Right now I’ve got four big ones – four vacant units I really want to fill. I’ve got three risky ideas that might help me fill them. And I really, really need your [...]

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Real Estate

How to Avoid an Eviction

by Jason Hanson | May 27, 2009

Image by Getty Images via Daylife Have you ever had to evict a tenant? Well, I’m going to show you how to hopefully avoid ever having to evict someone (I’ve never done an eviction in my life). Of course, the first thing you do is screen the crap out of your tenants to make sure [...]

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Landlord Tenant

Managing the Tenant Screening Process

by Brendan O'Brien | May 22, 2009

Image by joeltelling via Flickr Occasionally, I hear from landlords who have absolutely no problem marketing their rental units. They put a sign out front, get a couple of calls and rent to the first likely prospect. Then the tenant stays for three or four years before the next perfect tenant comes along. What is [...]

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Landlord Tenant

By Request, Here are my Tenant Rules!

by Brendan O'Brien | October 4, 2008

Some readers did ask for my rules. Your rules have to depend on your properties. For example, there’s no point posting rules for using the pool if your property doesn’t have a pool. Also, it’s up to you to determine what are appropriate fines. Just remember to charge more for more serious items. And, it’s [...]

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Foreclosures

Foreclosure Eviction: Tricked as Tenant “Fleas”

by Jim Watkins | June 28, 2008

In 2005, I bought a house at the Dallas County auction for a California investor friend who asked me to bid in his place. With the help of a Mentoring student, Gloria Stephens, I was given valuable information about the current owner. What type of person she was and whether or not she would willingly [...]

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