Landlord Mistake #6: Financial Fumbles

  It’s time for Landlord Mistake #6, making poor financial decisions…Financial Fumbles. Each landlord we serve has their own goals for their rental property. They want their property to generate monthly income right away. They want the value of their property to grow over time so they can cash out on the equity. They want…

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Landlord Mistake #5: Pet Predicaments

  Should you allow pets in your rental property? This is a common decision that landlords face. Perhaps you have too. For most pets, there are minor risks involved, such as damage to floors, walls, door or window frames, and the yard. Yet, there are strong benefits to renting to tenants with pets. It widens…

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Landlord Mistake #3 is avoiding conflict and confrontation.

We’re sure you’re a super nice person. Most landlords are. They realize that they’re helping real people, in addition to meeting their own investment goals. They have a heart. Landlord Mistake #3 is avoiding conflict and confrontation. There’s a reason you have your tenants sign a lease. It is a legally binding contract that explicitly…

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Landlord Mistake #4: Allowing Squatters

Can you relate to any of the mistakes I’ve shared so far? Landlord Mistake #4 is allowing squatters at your investment property. A squatter is a person who “settles on a piece of land without title, right, or payment of rent.” In other words, they live somewhere without the property owner’s permission. There are 2…

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Landlord Mistake #2 is about taking shortcuts.

Hi again,Monitoring and maintaining the condition of your property can be time-consuming. Things break and disasters happen at the most inopportune times. It can be time-consuming to deal with repairs, maintenance, and improvements. You must assess issues, research vendors, schedule service, and verify quality. Landlord Mistake #2 is about taking shortcuts. We’ve encountered landlords who…

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