Posts tagged as:

eviction

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 before [...]

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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 a deadbeat [...]

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Real Estate

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 the [...]

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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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Real Estate Investing

You Know That You’re a Real Estate Investor When . . .

by Joshua Dorkin | June 13, 2008

101 Ways to Know if You’re a Real Estate Investor
NOTE: This Article May Not Be Duplicated without express written permission of BiggerPockets, Inc. Like all other articles on this blog, this article is protected by copyright law.

You’re worth a million dollars and can’t afford to buy a sandwich.

You tell your Realtor to [...]

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Landlord Tenant

Getting Problem Tenants to Leave Without Trashing Your Rentals

by Jim Watkins | November 3, 2007

NOTE: This is applicable in Texas. Consult your attorney to find out the legality of this technique in your state
Getting a tenant to move peacefully and without causing physical damage is hard to do.
Tenants being evicted tend to feel victimized and when they get upset they are a risk to do physical damage to [...]

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Landlord Tenant

Alternative to Eviction: Rent Increases?

by Joshua Dorkin | March 21, 2007

If you can’t get rid of them, raise their rent . . .
Sometimes we end up in a situation where tenants aren’t the wonderful people we hope that they are. They throw out of control parties, damage the property, litter the property, have 10 people stay in the 2 br apartment, pay rent late, [...]

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Landlord Tenant

Things to Consider when Interviewing Property Management Companies

by Joshua Dorkin | October 7, 2005

Picking a great property manager for your rental properties is one of the most important tasks you’ll undertake, once you’ve actually found a good rental. In searching for a manager, you’ll want to do a thorough interview, and in doing so, you should be able to figure out if they are worth working with. [...]

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