Invest With Passion - Property Management Tips 6-10
I be Joe Lane, the co-owner of The Lane Real Estate Team. The other owner, my beloved wife Colleen, wants nothing to do with the property management side of the real estate business. With five children still at home, I don't blame her. You can call me most anytime at 509.308.5513 | Don't mess with a bald dude! … (8 comments)
tenant: Require The Tenants To Maintain Irrigation
- 10/26/08 08:44 AM
As a landlord, if you choose to maintain the sprinkler system for the tenant you're in for a real time suck. We've found it very effective to have our tenants maintain the sprinkler systems at their expense. The parts are nickel and dime parts, but the time it takes to make the trip to do the 15 minute job is a real time consumer. I was finding that most sprinkler repairs were the result of the tenant's children playing, and/or a driver running roughshod over a sprinkler. One of the many line items in our custom addendum is the 'sprinkler clause!' … (0 comments)
tenant: 18 Reasons To Legally Reject A Tenant's Application
- 10/26/08 07:36 AM
Many landlords believe that they cannot reject any applicant for any reason, that they have to accept the first one to come along with the money or risk the grief of a lawsuit. Not so. There are numerous legitimate, businesslike reasons to reject a prospective tenant. 1. Unsatisfactory references from landlords, employers and/or personal references. These could include reports of repeated disturbance of their neighbors' peaceful enjoyment of their homes; reports of gambling, prostitution, drug dealing or drug manufacturing; damage to the property beyond normal wear and tear; reports of violence or threats to landlords or neighbors; allowing people not listed … (12 comments)
tenant: Yikes! No Grace Period Here!
- 10/25/08 01:28 PM
I was speaking with my handyman today and he gave me a great idea for a blog entry. Let's call him Tom. Tom is a great handyman, however, a terrible businessman. He has several rental properties and makes all the mistakes in the books, then if that weren't enough, he repeats the same mistakes! One of the mistakes Tom continues repeating is allowing his tenants to pay rent late, or close to the grace period deadline. Here's my tip. Require rent on or before the first day the rent is due, as opposed to allowing the tenant to pay rent on … (0 comments)
tenant: Do Not Provide Screen Doors For Your Tenants
- 10/24/08 05:23 AM
I know this may seem harsh, however, screen doors are a maintenance nightmare. When we purchase a new rental property with screen doors already in place, we exclude the maintenance of them with the new rental agreement we encourage the tenants to sign. If during the process of a tenancy the tenant wants a screen door, we give them the approval providing the screen door is removed upon vacancy, and the door frame is restored to original condition. In principle, this is how we handle the screen door issue, however, we've made exceptions. For instance, we had a senior citizen asking … (17 comments)
Related Links:
Joe Lane Richland
WA Realtor, 509.438.9344 www.LaneRealEstateTeam.com
This property manager is right on! Invest With Passion - Property Management Tips 1-5 
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