Posts Tagged ‘Fix em Up Rent em Out’

Remove that Garbarge Disposal Now!

Wednesday, April 1st, 2015

 

To owners/managers of rental properties, gargbage disposals are like a hanging fingernail – they are painful to have around and the sooner they are gone the better..

What do I have against gargabe disposals?

1) they just hang below the sink waiting to break down

2) they can smell like a sewer, and

3) they are a hazard to tenants!

There is almost no upside to having garbage disposals. If tenants have leftover food,  they just throw it into the trash can.

Having just replaced garbage disposals in two of my rental houses, I can say that there is one good thing that I like about garbage disposals. They are easy to remove.

Removing the Disposal

1. Use the GD remover tool to release the garbage disposal. Remove tubing first. The GD will fall to the ground. Be ready to catch.

2. The one tricky part is that to remove the basket fron the sink opening (that was formerly connected to the GD), there is a retainer ring below  the sink that must be pried off with a screwdriver.

 

Once the garbage disposal is out, replace it with the appropriate pipes.These days,the tubing just connects togther. No need for glue.  It’s as easy as putting tinger toys together. Piece of cake.

If you need, help ask the experts at Ace Hardware. That’s what I did.

 

Upcoming Presentations:

April 18, 2015. Forum Speaker at The Association of Lincoln Presenters 2015 Convention, Vandalia, Illinois.

The Association of Lincoln Presenters

Additional Articles:

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

How I Evicted A Problem Tenant in 4 Steps

When to Hire a House Inspector – Radio Interview with Rich Peterson

Getting Rid of Bad Tenants

“Turn your home into a rental” on Mark Wayne Show

7 Reasons to Live in a Fixer-Upper House While You Repair It

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

Our First Rental House Plunge

10 Most Frequent Problems Found by House Inspectors

5 Steps to Get Your House Ready to Rent by Terry Sprouse

5 Steps to take if your house is flooded

Some perfectly legal ways to maximize your rental profits

Add “Start a Rental House Business” to Your Bucket List

The 5 Rules on How to Lose Money and Get Your Rental Property Trashed by Tenants

Window Repair with #2 Son

Required Roof Maintenance for Fixer Upper Houses

Learn to Repair Your Fixer Upper Houses

How I Got Started In Fixer-Upper Houses

How to learn to operate a fixer upper house business

The Peaceful Warrior and Fixer-Upper Houses

7 Book Promotion Tips by Radio Host Bob Schmidt

Sunday, August 11th, 2013

 

Bob Schmidt, Radio Host “Extraordinaire”

I was interviewed last Tuesday about my book, Turn Your Home into a Rental House, by Bob Schmidt of WLFN 1490 AM, Onalaska, WI.

Bob is one of my favorite radio show hosts. He asks good questions, he laughs at my little jokes, and he keeps the whole interview light hearted and fun. Here is a link to that interview (my interview begins at the 16:50 minute mark.)

I was also on his show in 2009 to promote, Fix em Up, Rent em Out. That was one of my very first radio interviews. After the show I called Bob to ask him if he had any advice for me on how to promote my book.

In my “radio interview notebook” I still have the written notes of what he told me. Here they are, verbatim.

Bob Schmidt Book Promo Advice

1.) To book guest appearances call the radio show after hosts are off the air, and talk to the producer or the host. They  don’t respond to email. They want to hear your voice.

2.) Tell them you are the author of a book and succinctly describe “the hook,” or how his/her listeners will benefit from you being on the show.

3.) Make sure you get the host/producer name correct. They are very egotistical and will be insulted if you get it wrong.

4.) During the interview be entertaining and provide helpful information.

5.) Call local TV producers, say I am a local author, and I am fixing up houses. They can film the process.

6.) Contact newspaper home sections.

7.) Fix your website. Put a chapter from the book on it, or provide a prominent link to Amazon where they can get more information about your book.

Why I Like Radio

Radio has been an important component of my book promotion plan.

I use three different ways to reach people, like a three legged stool. One way is the internet, but believe it or not, not every is on the internet. A second way is by giving speeches to groups and organizations. The third way is by radio. It takes all three legs to hold up the stool.

Radio is great because radio shows have time they need to fill, and they guests are one way to do that. It’s fun to be interviewed and you can reach huge audiences from the comfort of your living room. In addition, when a host likes you they invite you back to their show.

Since I started doing radio shows in 2009, I have appeared on 50 shows (and 2 television shows). So far, I have sold 3,300 copies of my books.

To put things in perspective, my friend Joe Sabah has been on over 700 radio shows, and has sold 23,750 copies of his books.

As I like to say, Joe and I together have sold over 27,000 books.

 

Upcoming “Turn Your Home Into a Rental House ” Radio Interviews (most shows can be heard  on the internet)

Wednesday, August 14th, at 9:15 am (eastern), I’ll be on Dave Kelber’s show, WRNJ Radio, Hackettstown, NJ. http://wrnjradio.com (to listen live).

Watch this space for information on additional interviews.

Related Articles

Abe Lincoln Storyteller Radio Interview with Rich Peterson

When to Hire a House Inspector – Radio Interview with Rich Peterson

Wednesday, July 31st, 2013

 

This morning I was interviewed by the masterful interviewer, Rich Peterson (KROC Radio 1340 AM, Rochester, Minnesota), about my book “Turn Your Home Into a Rental House Instead of Selling It!”

I was also on Rich’s show a couple of years ago to promote my earlier magnum opus “Fix em Up Rent em Out.”

Today, Rich asked the question,

“Does the city have to  inspect a house before you can rent it out?”

My answer was,

“No the city doesn’t do inspections unless you have constructed a guest house, or added or room, or make some major modification to the property. You must comply with building codes, but if you don’t make any changes, the city is not involved.”

When to Hire an Inspector

While there is not need for the city to do an inspection, prior to purchasing a new home, it’s critically important to hire your own inspector to make sure that everything is “operational” in the house that you want to purchase.

Usually, the owner has to fill out a “disclosure” form that informs you of any existing problems that the house has, that he or she is aware of . Sometimes, owners will have a report available by an inspector that they hired to inspect the property.

Even in that case, you still need to hire your own inspector. It may sound like a case of “dueling inspectors,” but I like to have a report written by the guy that is representing me, not the guy who is representing the seller.

Hiring a good inspector is especially important when you are purchasing a foreclosed property, where there is usually no owner present. Then, the only thing you have to make your decision about the condition of the house is the inspector’s report.

Tid Bits: NBA Trivia and Unwise Career Moves

1st NBA Basket

Prior to my interview with Rich, I was listening to his radio show and I learned that the first basket scored in the NBA was by Oscar “Ossie” Schectkman, who recently passed away at age 94.

I also learned:

4 Things that People do to Help their Career that Actually Hurts Their Career.

1. Staying too long with the same company. Employers wonder why you haven’t changed.

2. Being too good at something you don’t like doing, because you’ll be hired to do it more and more.

3. Keeping your mouth shut. You should tell supervisors before they make mistakes. You may get fired, but improves your status under point #1.

4. Putting in a recommendation for a friend. If the friend is a failure, it reflects badly on you.

As Rich Peterson says, “We’ll’ see you down by the riverside.”

 

Upcoming “Turn Your Home Into a Rental House ” Radio Interviews (most shows can be heard  on the internet)

Tuesday, August 6th, at 8:10 am (central time), I’ll be on Bob Schmidt’s show, WLFN 1490 AM, Onalaska, WI.

Tuesday, August 6th, at 9:40 am (eastern), Greg O’Conner will interview me, WKHM 970 AM, Jackson, MI.

Wednesday, August 14th, at 9:15 am (eastern), I’ll be on Dave Kelber’s show, WRNJ Radio, Hackettstown, NJ.

Watch this space for information on additional interviews.

Related Articles

Remove that Garbarge Disposal Now!

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

How I Evicted A Problem Tenant in 4 Steps

When to Hire a House Inspector – Radio Interview with Rich Peterson

Getting Rid of Bad Tenants

“Turn your home into a rental” on Mark Wayne Show

7 Reasons to Live in a Fixer-Upper House While You Repair It

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

Our First Rental House Plunge

10 Most Frequent Problems Found by House Inspectors

5 Steps to Get Your House Ready to Rent by Terry Sprouse

5 Steps to take if your house is flooded

Some perfectly legal ways to maximize your rental profits

Add “Start a Rental House Business” to Your Bucket List

The 5 Rules on How to Lose Money and Get Your Rental Property Trashed by Tenants

Window Repair with #2 Son

Required Roof Maintenance for Fixer Upper Houses

Learn to Repair Your Fixer Upper Houses

How I Got Started In Fixer-Upper Houses

How to learn to operate a fixer upper house business

The Peaceful Warrior and Fixer-Upper Houses

Will Rogers’ Secret of Seizing Opportunities

Wednesday, July 17th, 2013

“It was not so much that Will sought the new opening as that he never failed to seize it when it came his way.” — Betty Rogers 

It’s nice to think that we are captain’s of our own ship and masters of our own destiny. Who doesn’t want to like Captain James T. Kirk or Bill Gates?

In my own case, I know that the reason I became the person I am today is by, not so much bending life to my will, but more by taking what life handed me, and by being keenly alert when a new opportunity presented itself.

That’s the way Will Rogers found success.

As his wife Betty said in her biography of Will:

His whole career was the development and unfolding of a personality through the various vehicles that seemed to be constantly and almost miraculously presenting themselves. His comment on stage on the stage during his roping act was incidental at first, if not accidental. (Will never spoke during his Vaudeville rope trip act, except when he once made a mistake and the audience laughed at his funny excuse. From then on, he incorporated that comment, and gradually others, into his act.)

His writing came the same way. (Will wrote a regular Sunday feature for the New York Times that was syndicated throughout the U.S.) His entrance into the movies, too, was not of his own seeking  (he starred in 69 movies). But once started in these new fields, he made the most of each, giving to them the same enthusiasm and energy he had given to the rope (tricks) in the early days.

I added the comments in parentheses to the text.

Meander in the Direction that You Want to Go

I know I’ve probably said this before, at least in Fix em Up Rent em Out, but a good way to get started in real estate, particularly if your circumstances are such that it is impossible for you to start investing in real estate right away, is to just start by meandering in that direction, like a slow, gurgling stream.

You can program your mind to pay attention to anything related to real estate. Cut articles out of the newspaper, buy books at book sales, tale to friends and co-workers about it, watch for seminars and classes about real estate investing. Sometimes desire and knowledge can be acquired simply by observing someone else operating a successful business.

And, when the opportunity does present itself to get started, like Will Rogers, seize it!

 

Upcoming “Turn Your Home Into a Rental House ” Radio Interviews (most shows can be heard  on the internet)

Friday, July 19th, at 7:45 am (eastern time), I will be interviewed by Gary Sutton and Chris Tyler, at WSBA 910 AM  in York, PA.

Friday, July 19th, at 8:10 am, I’ll be on Dan Ramey’s show on WBEX 1490 AM, in Chillicothe, Ohio.

On Thursday, July 25th, at 7:10 a.m. (central time) I’ll be on Jeff Anderson’s show, KSDR 1480 AM, Watertown, South Dakota.

On Friday, July 26th, at 7:30 am (mountain time) I have an interview with David Gillian, KRSN 1490 AM, Los Alamos, NM.

Tuesday, August 6th, at 8:10 am (central time), I’ll be on Bob Schmidt’s show, WLFN 1490 AM, Onalaska, WI.

Watch this space for information on additional interviews.

Related Articles:

Volunteering at Pascua Yaqui Youth Career Academy Job Fair

Vote for “Fix em Up Rent em Out” Blog!

Friday, November 23rd, 2012

Patrick Henry

Vote for Fix em Up Rent em Out!!

You may have heard that my blog, Fix em Up, Rent em Out has been nominated for Best Real Estate Investment Blog.

Don’t miss this opportunity to strike a blow for freedom of speech, mom, and apple pie by voting for my blog.

My blog also comes down firmly on the side of babies and puppies.

Click here to cast a vote in support of my blog.                                    (www.reiclub.com/blogcontest)

The fate of the free world is probably not hanging in the balance if you don’t vote.

But why take that chance?

The contest ends November 25th, so vote now!

Help me to make the world safe for babies and puppies to play together:

Click here to cast a vote in support of my blog.                                    (www.reiclub.com/blogcontest)

Here is a list of some of my favorite blog articles for the week:

 Booting Out Unlawful Tenants: Be A Man And Have Her Stay With You! at Financial Samurai

10 strange habits I have picked up living in the tropics at Reach Financial Independence

How Much Crazy Black Friday Shopping Do You Do? at Money Beagle

What’s In My Wallet at Evolving Personal Finance

How to Shop for the Holidays at Krantcents.

3 Steps Towards Retirement Planning at My Multiple Incomes.

Winter Commute Options at Leigh’s Financial Journey

Being Thankful For The Things We Have: My Heart-Stopping Experience at Untemplater.

Buy Whatever You Want On Black Friday… at Planting Our Pennies

Holiday Safety Tips for Landlords and Tenants at Louisville Gals

Frugal Friday: Posts That Ruled This Week, I Ate Too Much Turkey Edition at Frugal Rules

Conscience Spending: How to Buy Whatever You Want Without Guilt at Frugal Habits

Save Money this Christmas – How to Make Your Own Christmas Cards at WorkSaveLIve

Deals You Can’t Miss This Black Friday at Fearless Men

Killing Your Mortgage In 3 Easy Steps at Canadian Budget Binder

Leftover Turkey Recipe at Eyes on the Dollar

November 23 2012 Blog Update at Modest Money

Thanksgiving at IHeartBudgets

Is Your Family Time For Sale? at Blue Collar Workman

Thankful I’m Old(ish) at Any Shiny Thing

Toys ‘R Us Corporate Policy: Stealing?!? at Club Thrifty

Two Ways To Save Money This Holiday Season at Money Smart Guides

Click here to cast a vote in support of my blog.                                    (www.reiclub.com/blogcontest)

Dreams, Investment Houses and Creating Books

Thursday, November 15th, 2012

Freud

Sigmund Freud said, “Dreams are often most profound when they seem the most crazy. ”

But what really are dreams? Fearless Men shares a tantalizing glimpse in What Dreams Mean: How To Know What Your Dreams Are Saying To You.

As a fervent believer  in investing in fixer upper houses, I also like Fearless Men’s article Investment Properties Offer a Long-Term Source of Income.

Book writing and self-publishing is another passion of mine and I read with great interest Should I Create An eBook?  at untemplater.

Here are some other favorite posts from the precious week:

Wholesaling Do’s and Don’ts at Louisville Gals.

Are Large Companies Immune to the Fiscal Cliff? at Frugal Rules.

First Cruise Ship? 5 Big Ticket Items To Watch Out For at iheartbudgets.

5 Simple and Odd Things I do to Save Money at Frugal Habits.

PerkStreet Financial Review – The Best Online Checking Account at WorkSaveLive

Our $50K Duplex Is Worth $97K – Why? Part 2 ar Planting Our Pennies.

Old Buildings That Go Untouched at BlueCollarWorkman.

Being Thankful, Not Just For Thanksgiving – Giveaway at ModestMoney.

My Best Financial Tip at Canadian Budget Binder.

Choosing organizations to donate to: What do you factor in? at Young Adult Money

The Amazing Power of Debt at Club Thrifty

Being Thankful and a $100 Giveaway! at Eyes on the Dollar.

No Picnic for Young People, Either at AnyShinyThing.

Waking Up Early Black Friday? No Thanks at Pelican on Money.

 

 

 

_____________________

Coming VERY Soon!

How to Turn Your Home into a Rental House, Instead of Selling It

Dreams Still Come True

Friday, September 21st, 2012

Dreams come true: without that possibility, nature would not incite us to have them.” — John Updike

One of my favorite blog authors is Lynne Spreen at Any Shiny Thing. Her article “Our Dreams Persist” describes the long and winding road that she traveled to write and publish her book “Dakota Blues.” I admire her persistence in the face of many obstacles to hold tight to her dream and to finally see it come to fruition.

Reading her story of how she wrote her book reminded me of my own experiences.

I first determined to write a book when I was a Peace Corps Volunteer in Honduras in 1987. I didn’t have any idea, at that time, exactly what I wanted to write about. I just knew that I wanted to write a book that would be useful to others, and to hopefully inspire them along life’s way.

Time Marches On

It wasn’t until 15 years later, after starting my fixer upper and rental house business, that I began to put pen to paper (and fingers to computer keys) to begin writing my book. I thought that sharing my experiences with fixer upper houses would be that useful and inspiring book that I had imagined writing years earlier.

Four years later, through many iterations, and alternating periods of exhilaration and self doubt, “Fix em Up Rent em Out” was proudly rolled out on Amazon.com. Seeing my book finally published gave me a warm glow  that still shines inside me to this day.

The Seed Continues to Grow

What I find interesting, in both my experience and Lynne’s, is that once the seed of a good idea is planted, it grows inexorably and invisibly inside of us, until it eventually becomes reality. The fact that it takes years for the final completion of the dream makes it all the more satisfying.

Weekly Blog Roundup

Additional recent blog articles that I liked:

The Landlord Quick Fix at LandlordInvestor

21 Ways to Manage the Stuff that Sucks Up Your Time at Louisville Gals Real Estate

 Why is it Healthy to Change Bank Accounts? at Fearlessmen

Give your Family an Amazing Fall with these 8 (Frugal) Activities at Frugal Habits

Hording Gold at All Things Pondered

How to Save Money on Contacts and Eye Care at Work Save Live

How We Bought A $50K Duplex – Part 4 at plantingourpennies

Legal Battle Over a Sagging Balcony  at Blue Collar Worker

What Do You Do When You Don’t Know What You Want To Do With Your Life? at Untemplater

Auto Insurance Basics And Recommendations For Everyone at Financial Samurai

Household Budget Tips for the Upcoming Fall at My Money Design

Catering Your Blog To Your Readership at Modest Money

_____________________

Coming Soon!

How to Turn Your Home into a Rental House, Instead of Selling It

What to do when your property won’t sell

Wednesday, September 12th, 2012

There are times when even those of us who are using the “fixer upper and rental house” strategy need to sell a house, despite at one point  having sworn that we wouldn’t sell an investment  house till the cows came home.

A Clintastrophy

Sometimes we have to readjust our priorities, and as Clint Eastwood/Dirty Harry famously said, but apparently disregarded at the Republican Convention, “a man’s got to know his limitations.”

Maybe it’s because the location is just not that good, or you can’t get good tenants, or maybe the property requires too much attention in terms of frequent repairs. In my case, I sold one of my properties in 2010 because of all the above.

So, what do you do if you want to sell a property and it just won’t sell?

Here are a four things that I suggest you do to sell your property:

This house might be overpriced regardless of the price

1.) Check comparable properties in the area and make sure that you’re property is not over priced. If you want to sell faster, and we all want to sell faster, put the price slightly below other properties.

2.) Offer your house for sale and for rent at the same time. If the offers that come in are too low, you can keep it as a rental for another year or two until home values rise again.

3.) Hire a well established real estate agent to sell you house. When I first started my rental house business, I wanted to do everything myself, including selling my properties. Now, I realize that some things are best left to the experts, and this is one of them. A good real estate agent has a lot of connections, not only with potential buyers but also with other agents. They can attract a lot more buyers to the property than I could.

4.) Offer seller financing. Many buyers won’t qualify for traditional loans because of strict requirements and large down payments. This should allow you to sell for a premium price and get a higher interest rate. (Thanks to Chuck at Landlordinvestor for this tip.)

Now for my semi-weekly roundup of other articles that I find interesting in the blogosphere:

I liked the tips by landlordinvestor on advertising to find tenants entitled Running an ad in a weekly paper.

Over at Louisville Gals Real Estate Blog is a provocative interview with real estate investor James Vermillion.

Fearless Men have another batch of highly motivational quotes in Fearless Men Quotes/ Volume 2.

Jewel had an inspirational article in 10 Lies that Will Keep Your Dreams on the Shelf – #1. If you liked “The Artist’s Way,”  you’ll like this.

I could relate to Guilt Induced Frugality at Modest Money.

I was educated by Get an Oil Change Without Getting Ripped Off at Blue Collar Workman.

I relished the article Can Introverts Succeed As Leaders And Entrepreneurs: YES! at Untemplater.

Coming Soon!

How to Turn Your Home into a Rental House, Instead of Selling It

Learn to Repair Your Fixer Upper Houses

Tuesday, June 19th, 2012

Learn to Make Repairs

Never miss an opportunity to do your own repair work. To become an expert in the fix em up rent em out business, you must learn this. Think of it as part of your educational process. You lose two ways when you hire someone to do your work. First, you lose the chance of a free education, and second you lose the money that you would have saved by doing it yourself.

It may take you four hours to change an electrical receptacle or fix a toilet that won’t flush, something a professional could do in minutes. Don’t be concerned, in the long run you have learned a skill to be used for the rest of your life.

Trust Your Karma

After going through my explanation about how everyone can learn to repair a house, a friend of mine insisted that it was impossible for him to do fix-up work; it just wasn’t in his genes. I replied that his way of thinking was his dogma. My karma told me that he could do it. In time, little by little, he did learn to make repairs and he came to enjoy it, even relish it.
My karma ran over his dogma.

Work with a Handyman

Having said the above, I also think that you should have a good handyman to back you up. Although there are many things that you can learn to do, you also have to know your limitations. There will be times when you can’t make a complicated repair. Someone with experience must be called in. For many things you can be the expert, but for some things you can’t. Ideally you should establish a good working relationship with a true handyman that you trust and is available to help you out as needed, particularly in the first few years of your business. To keep costs reasonable, always pay contractors or handymen by the job and not by the hour.

Your attitude should be that you want to learn how to do everything yourself. You don’t learn to ride a bike by watching someone else do it. The only way to learn is by doing it yourself, and the more you do it, the better you will be at it like my first grout repair project, and when learning to lay tile. Practice doing all the steps in the process until it becomes second nature for you.

 Related Posts

Remove that Garbarge Disposal Now!

Funniest Tenant Screening Stories

Monday, June 4th, 2012

This guest post is from Endre Rex-Kiss, an online marketing, social media and human resource enthusiast. He currently represents FidelisAM, a US based agency providing employment and resident screening services. Follow his occasional guest blogging activities on Twitter.

Tenant screenings is the way to go if you want quality tenants and most landlords come across potential tenants who are either not what they claim to be or have serious behavioral problems. This article takes a look at the funniest screening stories landlords have had and their aftermaths. So sit down, relax or better still grab a cold bottle of beer to nurse while you go through the experiences below.

The Estranged Wife

A couple with no kids moved into a 4 bedroom duplex in the suburbs, the house and environment provided the perfect scenery for the couple but there was only one problem and it was that of meeting up with their mortgage payments. So they decided to put a room up for rent. The necessary adverts were created and finally a prospective client came knocking, he was the perfect tenant for he claimed to be single, had no pets, did not smoke, drink, do drugs and had a well-paying job. This obviously was too good to be true so the couple decided to hire an agent to conduct a little screening on him. After two days, the agent returned to tell the couple that they had been invited to have dinner with the previous landlord of their prospective tenant. On getting there, they were told that the tenant usually preys on sympathetic landlords and if you fall into his trap by renting a room to him, he would move in, behave for some days but a week later a woman who would claim to be his estranged wife would come visiting for some time and then finally move in with a cat. They would then proceed to co-habit like pigs, steal your property and when rent is due, disappear like thieves in the middle of the night.

Ghost Tenants

A couple responded to a landlord’s accommodation advert, they came to see the Landlord and professed that they loved the apartment and would be willing to rent it for the long term. The landlord was convinced that they were the perfect tenants so when the wife came calling the next day without her husband (due to the supposed fact that he works late) to ask for the keys to the apartment so she could look through it, the landlord duly obliged. A day passed, the lady did not return, two passed and she was still missing. The landlord quickly called his agent who conducted a quick search only to find out that the woman and her husband had already moved into the apartment. The police was called and the couple quickly evicted.

Dead beat Prospective Tenant

An agent once recommended a tenant who had the best recommendations ever; he had a good job, perfect credit and good relationships with his previous landlords. A meeting day was fixed and the prospective client shows up with a dead beat car and the attitude of someone who was one step ahead of the law. The landlord who needed to rent his facility out as soon as possible, overlooked this tell-tale signs and had agreed to lease the apartment to the tenant. The recommended signatures had already been traded and an upfront deposit had been made but as luck would have it, a police officer who was driving randomly through the neighborhood spotted the prospective tenant, felt his face was familiar and got down to trade some questions. Suddenly, the tenant bolted and a foot race began. The tenant was finally apprehended and the landlord discovered that the name, details and personal information given by his perfect tenant had nothing in common with the tenant.

The Thief

A couple came with an agent to view a landlords property, after going through it, they decided it was perfect and would be signing the necessary papers the following day but there was just one issue, they needed the house repainted. The landlord obliged, carried the necessary equipment to the house and started painting. He painted into the night and decided to spend the night there instead of returning home late. In the middle of the night, he began to hear strange noises at the side of the house, quickly he got up to investigate and on getting there, he found his prospective tenant trying to detach an A/C unit.

These stories show that conducting an in-depth screening which should include: former landlord credit checks, recommendations and past criminal activities are highly recommended.

Upcoming Speaking Engagement – Terry Sprouse (author of Fix em Up Rent em Out)

I will be making a presentation to the Arizona Network of Real Estate Investors. Mark your calendars.

Where:
Fidelity National Title, 6760 N. Oracle Road, Suite 100, Tucson, AZ

When:
June 7th, 2012

Time:
Meeting begins at 5:30 pm, presentation at 6:00 pm

Title: The 5 Rules on How to Lose Money & Get Your Rental Property Trashed by Tenants