James gives a GREAT overview of this process and how important it is to raise rents periodically. I do fixed term leases only and my lease renewal letters go out in February and March. I increase the rent 50% of what a NEW rent would be for similar properties.....this is where professional pro
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06/24/2011
One of the hardest discussions I have to have with rental property owner clients is to tell them that even when I get a judgment against a delinquent tenant, there may be no money to pay the judgment. I am fortunate this does not happen often. My rent collection practices virtually insure that I
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06/24/2011
Everything is on the OTHER side of the house at night...plugged in, charging and RESTING to get ready for tomorrow. I don't need to sleep with the cel phone by my bed....my dogs can't answer it for me....is there an APP for that? Do you sleep with your laptop by your bedside? Is your sma
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06/23/2011
Wallace, can you write a post on how to find people when you have been stuck in this position of locating someone? That would be an interesting post. You probably have had to pick up those pieces before. Cheryl Ritchie requested that I write a post about how to find former tenants who have 'depa
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06/23/2011
I think that next to getting GOOD residents INto the property, knowing how to make the moveOUT of residents as easy as possible is one of the BEST ways to "stay out of trouble" and COURT. Many DIY landlords and property managers FAIL to plan.....you know how this goes. They do not give residents
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06/22/2011
Thanks to the school children of North Carolina, the state now has an OFFICIAL sport * NASCAR. Gov Perdue recently signed the legislation at Charlotte Motor Speedway that makes NASCAR * an industry that employs 20,000 in the state * the OFFICIAL sport of the state. How great that elementary schoo
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06/22/2011
French drains are a GOD-SEND.....they allow the use of the yard grass AND direct drainage water in the proper direction * AWAY FROM THE STRUCTURE~If you find a contractor who actually knows what they are doing....they are KEEPERS! I know it's not rain season any more in the Sacramento Area B
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06/22/2011
I am very surprised to see so many homeowners who attempt to have the DUAL smolke and CO detectors...SMOKE detectors are HIGH on the walls and CO detectors are lower down....this is a GREAT guide! IT'S THE LAW! According to the National Conference of State Legislatures (NCSL), of January 201
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06/22/2011
Thank you, Roy. This is really good information on record keeping and SHREDDING timeline for personal records.....I am getting more and more information online so that personal information is not sent out in my trash What Records to Keep and How Long to Keep Them Digging through piles of r
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06/21/2011
Although I suspect his response was not what she expected when caller "Gail" asked WHY NJ's governor Chris Christie and his wife send their children to "private" schools * his response that he pays $38,000 PER YEAR property taxes on their NJ home and that those taxes go to FUND the schools * high
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06/21/2011
