How I Determine Market Rent

How I Determine Market Rent
When I first started as a landlord it is pretty hard to determine what to rent properties for, as you have no idea what the market is like. There are some really easy ways to get the job done. Call Local For Rent Signs This method is too easy.  Drive the neighborhood and call 3 or...

Rental Phone Calls – Toktumi – The Service I picked

Rental Phone Calls – Toktumi – The Service I picked
As we started renting properties I had to search for solutions for phone calls.  I had a two major requirements: I wanted a local number versus a 1-800 number… I am sure a 1-800 number would work, but I think people are less likely to call it. I didn’t want to give out...

Singe Family Landlord’s Review of Buildium

Singe Family Landlord’s Review of Buildium
If you’re a regular user, you probably know we self manage all of properties.  When getting started I wanted the ability to accept ACH payments so our tenants could pay electronically.  After much research I decided to go with Buildium. First of all the Landlord edition is...

I am starting to like being a landlord!

I am starting to like being a landlord!
Our last two rental properties have been working like clockwork.  Before we started renting anything I was scared of it, how do I find a tenant?  How do I do all the paperwork correctly?  Now we are ten deep and have figured out how to get the properties full. House #28 We closed...

And who said for rent signs don’t work?

And who said for rent signs don’t work?
Since I am a young self proclaimed “internet guru” I thought I would have a leg up on other landlords because I can post houses for sale and rent on CraigsList faster than most.  Six months later, all it takes is doing things the good old fashioned way, three signs per...

Steve the Landlord?

Steve the Landlord?
I’ve been a landlord for almost 5 months now.  I have learned a lot of different things along the way, but so far it has been easier than I thought it would be.  The main part is, since we have a crew of workers, we can easily get stuff fixed for tenants when it is our responsibility...

Latest REO Deal – House #22

Latest REO Deal – House #22
This is the last house we closed escrow on.  It has decent curb appeal, not my favorite colors, but it gets the job done.  My favorite parts of this property is it had a 14,000 sq ft lot and we already have a tenant ready to move in. Our heating and air conditioner contractor went...

Rental House #19 – Before and After

Rental House #19 – Before and After
We are finished House #19, in great timing, we closed escrow about 30 days ago and now we’re finished!  The house is fixed up really nice and we should really flip it, but because 2/5 of our profits would go to taxes we aren’t in a rush to get rid of it. One of our workers...

Rental House – House #19

Rental House – House #19
Soon to Be Kitchen House #19 is going to be our second rental property.  Remodeling should be complete in 2 weeks or so.  The picture to the left is what is going to be the kitchen. The layout of this house was really bad, it had numerous code violations and the asset manager was...

Month-to-Month Lease on House #14

Month-to-Month Lease on House #14
On Aug 5 we closed on House #14 and our renter started to move in yesterday (Aug 23).  The rehab turned out to be a little bit more extensive then originally expected, it turned out be pretty much as nice of a job as the flips. After reviewing all the paper work and laws I decided...

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