Taking a rental from dumpy to lovely
Thursday, October 08
Sometimes it can be difficult to find the potential beauty in a run-down and dirty property. The new investor or home buyer wants to run away from simple fixes such as smell, cracks in the wall, ugly paint and seemingly bad problems such as mold or water damage. Many times, the mold and water dam...
Evictions during the holidays?
Thursday, October 08
There is an on-going joke that I love to evict people because I’ve had to do it more than once. I can see someone buying this pin for me.But to set the record straight, I do not love evicting people. I love having good tenants who pay their rent on time and don’t destroy the property. That is muc...
A lease should be in English!
Thursday, October 08
I never understand why some landlords I meet say that they don’t have a written lease. While a verbal lease is something you can do (at least in Maryland), how does that protect you, or the tenant? It seems to open for a “he said, she said” argument. For the most part, a lease should reiterate yo...
Becoming a live-in landlord is an easy 1st step to test your patience
Thursday, October 08
Becoming a live-in landlord really opens your eyes to other’s personal and cleanliness habits. Now, I’m not trying to scare off those thinking of becoming a live-in landlord, but you’ll find even a person you really like can be difficult to live with at times. People have different definitions of...
Start creating your stream
Thursday, October 08
In 2009, my fiancé and I bought our first home. It’s a lovely 1970’s contemporary-style home. Our first home.Before that, we were renting a townhome together along with a mutual friend and offered him to rent a room from us when we closed on our home. We used the lease that we had with the townho...
The more information you get, the more questions you have!
Thursday, October 08
Real estate investing (REI) is always attracting people’s attention as a great way to build wealth. The stories are exciting, and some may seem too good to be true. You read inspiring books, but after a while, you find that they only leave you with more questions than answers. Many gurus in this ...