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Own Rental Property Next Door

Own Rental Property Next Door

Pros & Cons Owning A Rental Property On Your Street Joanna’s question: The pros and cons to having a rental property right across the street. That’s a tough question. I guess that would just be relative to your feelings on it. I own a property management company and our tena...
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Minimum Rental Section 8 Credit Score

Minimum Rental Section 8 Credit Score

What Is The Minimum Section 8 Credit Score You Should Accept Rob’s question: What is the minimum credit score that we would accept for section eight? I would absolutely avoid that. Every tenant is to be treated exactly the same, and also you can’t take source of income as co...
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Rental Property Per Bedroom Profit

Rental Property Per Bedroom Profit

Rental Property Per-Bedroom Profit Viewer’s Question: Besides increased in rent, is there any other benefits to number of bedrooms? Either having more bedrooms or less bedrooms? Well, there’s huge benefits, actually. So once we get past three bedrooms; that really is kind of...
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Rent Equals What Market Will Bear

Rent Equals What Market Will Bear

Rent Is Based Upon What The Market Will Bear. Not What You Want or Need I just got off the phone with a property owner who ended up having to tell that we really can’t help her and try to get her to contact other companies. She became extremely, extremely agitated with me. So ...
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View Rental Property Like Tenant Will

View Rental Property Like Tenant Will

Rental Property Through Potential Tenant’s Eyes This is a fairly new property that was been occupied by the owner’s friend. The friend didn’t do so much of a good job in maintaining a clean space and the owner is a little hesitant to charge her friend for professional cle...
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Under Legal Aged Tenants

Under Legal Aged Tenants

How should you handle an under-aged tenant applicant? There are difficulties for a landlord property owner or a property management company with someone who is too young to legally enter into a lease (a contract) and with a tenant too young to establish enough credit history to ...
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Security Deposit When Only One Roommate Leaves

Security Deposit When Only One Roommate Leaves

How do should you handle returning of the rental security deposit when some roommates will stay in the property, but others are moving out? Security Deposit Return When Only One Roommate Leaves_ Scott’s question: How do we handle the security deposit if only one roommate is mo...
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Rental Property 2% Rule

Rental Property 2% Rule

Rental Property 2% Rule Explained John’s question: Apparently John’s having trouble understanding the 2% Rule. The 2% rule also called the 2% test or sometimes called the 1% rule. They’re not all the same as obviously, there’s a big difference between 1% and 2%, but they...
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Rental Property Contractor No Shows

Rental Property Contractor No Shows

The Contractor String-Along. Contractor Accepts A Job But Keeps Putting It Off The contractor string along – if you own a rental property, if you flip properties or if you merely own a house that you live in, you have likely experienced the contractor string-along. That’s wh...
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Rental Property Contractor Payments

Rental Property Contractor Payments

What payment schedule should be done for contractors with a rental property?
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