TENANT BACKGROUND CHECKS: Checking personal references - 01/31/08 02:31 PM
TENANT BACKGROUND CHECKS: Checking Personal References Obtaining references on a tenant application is important for a variety of reasons. Collecting references is a worthless exercise unless you check them out. Here are some tips:
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HOW TO CREATE A SOLID LEASE AGREEMENT: Part Four of Four - 01/26/08 08:34 AM
HOW TO CREATE A SOLID LEASE AGREEMENT: Part Four of Four By Wayne Gathright Part One, Make Your Lease a Tenant Satisfaction Agreement Part Two, The Basic Lease Agreement Part Three, Build Tenant Incentive Clauses into Your Lease Agreement Important Clauses To Add To Your Lease Agreement While the basic lease provisions are important, most
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BUILD TENANT INCENTIVE CLAUSES INTO YOUR LEASE AGREEMENT - 01/25/08 05:09 PM
Apart from the basic provisions, you can build incentives into your lease agreement to reward a good tenant. In return, you can turn your tenant lease into a valuable marketing tool for your business, while at the same time providing extra satisfaction for your tenants. Here are a few ideas: Read Part One: How to Make
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HOW TO CREATE A SOLID LEASE AGREEMENT: Part Two of Four - 01/24/08 03:55 PM
By Wayne Gathright Part One, How to Create a Solid Lease Agreement DRAFTING THE BASIC LEASE AGREEMENT 1. Parties. Include the full names of ALL prospective tenants - these will be the only ones held accountable if there is a dispute. Be sure to include both names of a married or unmarried couple. Remember, if
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HOW TO CREATE A SOLID LEASE AGREEMENT: Part One of Four - 01/23/08 11:17 AM
Make Your Lease a "Tenant Satisfaction Agreement" Every landlord struggles to write a lease that is airtight and covers every situation that might arise. "Landlords should strive to make it more - to make it a ‘tenant satisfaction agreement', says real estate software consultant and developer Wayne Gathright. "The smart property manager crafts
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OLD TENANT DEBT: Are you leaving money in your file drawer? - 01/22/08 11:15 AM
Our collection guru Bill Gray has some advice for you: If you have old, uncollected rent files, you may be sitting on a wad of cash. "A lot of landlords just give up when the tenant skips and they can't find a new address - they think that if they didn't collect the unpaid
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How-To Tips for Tenant File Maintenance - 01/17/08 11:46 AM
Screening the tenant before you rent is only half the battle. Circumstances can change, and your ideal tenant can become a potential rent collection problem. Maintaining a current and complete tenant file is a simple way to protect your valuable investment. Remember, the sooner you are aware of a potential problem, the sooner you
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HOW TO PROFIT FROM FORECLOSURES IN ANY MARKET - 01/14/08 02:48 PM
HOW TO PROFIT FROM FORECLOSURES IN ANY MARKET an interview with Alexis McGee, President: Foreclosures.com "Coming up with the money is never the problem when investing in foreclosures. There are more money partners than there are deals," advises Alexis McGee, who coaches first-time foreclosure buyers. "Investing a wad of cash is not the only
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Come Summer, Landscaping Crews May Be Hard To Find - 01/14/08 02:40 PM
COME SUMMER, LANDSCAPING CREWS MAY BE HARD TO FIND New Hiring Rules May Cause a 30-50% Reduction in Work Force, Drive Up Cost Landscaping businesses, a $40 billion industry, are reeling from changes in the guest worker program that is designed to allow these small and seasonal businesses to hire legal immigrant workers. Under this
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What is a 1031 Exchange and How Can It Save You Money - 01/14/08 02:27 PM
What is a 1031 Exchange and How Can It Save You Money? an interview with Michael Gray, CPA: Realestateinvestingtax.com CPA Michael Gray comes to the table with over thirty years experience is accounting and tax advising. And every year he helps his clients grow their real estate investment portfolios by guiding them through 1031 Exchanges. What
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Easy Ways for Landlords to Save Money with Low-Cost Energy Upgrades - 01/14/08 02:23 PM
Easy Ways for Landlords to Save Money with Low-Cost Energy Conservation Upgrades Lower energy costs mean bigger profits. Whether your tenants pay their own bills, or you prorate the bill among tenants, lower utility bills attract tenants and increase occupancy rates. Providing energy efficient units does not have to be expensive. The ENERGY STAR Program offers
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TENANT BACKGROUND CHECKS: Four Tips to Detect Fraud - 01/14/08 12:31 PM
TENANT BACKGROUND CHECKS: Four Tips to Detect Fraud For many landlords, "fraud" is a four-letter word. That's because they know it spells getting ripped off, with precious little recourse to collect the bad tenant debt. Unfortunately, a significant number of rental applications are completely fabricated, from the applicant's name and social security number to job, bank and personal
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ATTENTION LANDLORDS: HAVE YOU TURNED GREEN? - 01/14/08 12:23 PM
ATTENTION LANDLORDS: HAVE YOU TURNED GREEN? Owners of multi-family housing have a unique opportunity to help safeguard the environment by lowering energy usage, reducing carbon emissions, and conserving water. Haven't had your green meeting with tenants yet? Don't know what to do? The City of Ft. Collins, Colorado, has created and posted a list
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EVERYTHING YOU NEED TO KNOW BEFORE HIRING A PROPERTY MANAGEMENT COMPANY - 01/14/08 12:21 PM
EVERYTHING YOU NEED TO KNOW BEFORE HIRING A PROPERTY MANAGEMENT COMPANY an interview with Rodney Trepess, CEO: All Property Management Do you want to maximize your profits on your rental? Then hiring a property manager might be the right step for you, according to Rodney Trepess who runs an online property management referral service. "Often, the property
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TENANT BACKGROUND CHECKS: The Previous Address Tenant History (PATH) Report - 01/14/08 12:18 PM
TENANT BACKGROUND CHECKS 101: WHY THE PREVIOUS ADDRESS TENANT HISTORY (PATH) IS A CHEAP AND EASY WAY TO SEE IF YOUR PROSPECT IS TELLING THE WHOLE TRUTH The Previous Address Tenant History, or PATH report, is cheap -only about $6, a cost that is charged against the application fee is most cases. But
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