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Started By
Message
Landlord in training
Posted on 5/23/12 at 8:00 am
Posted on 5/23/12 at 8:00 am
Can the money board train me up ? I have a lot of questions ....
2
Posted on 5/23/12 at 8:04 am to Zilla
Make a lease that requires all utilities to be active at all times. I had a worthless piece of trash whose electricity and water were shut off and my place suffered because of it.
Posted on 5/23/12 at 8:15 am to Camp Randall
ok, thanks
I figured it's common to make the tenant pay the elec bill, but what about the sewer/water/trash bill ? Will I need to put those in their name ?
I figured it's common to make the tenant pay the elec bill, but what about the sewer/water/trash bill ? Will I need to put those in their name ?
This post was edited on 5/23/12 at 8:16 am
Posted on 5/23/12 at 8:20 am to Zilla
also you should replace the air filters yourself....it protects your equipment and gives you a chance to check up on them
be prepared for seemingly smart nice people to act like entitled idiots and try to screw you over. Grow thick skin.
be prepared for seemingly smart nice people to act like entitled idiots and try to screw you over. Grow thick skin.
Posted on 5/23/12 at 8:33 am to Camp Randall
quote:
also you should replace the air filters yourself....it protects your equipment and gives you a chance to check up on them
That's some really good advice. Filing that away.
Posted on 5/23/12 at 9:56 am to CoolHand
Pets can cause lots of damage. Either no pet policy or a large deposit up front.
Posted on 5/23/12 at 10:51 am to Zilla
i have always liked having the yard cut either by myself or have a service do it. You can add a little to the rent for it. It is like the air filters, the more you are around and taking care of a few little things, chances are they will perform a little better as well. If you have the attitude to just collect the check, then they will sense that and not really care about the place either.
Posted on 5/23/12 at 11:35 am to sig3197
All good ideas from what I've heard
I've heard that you can get a real estate company to manage the collection of rent and such for a small fee
I've heard that you can get a real estate company to manage the collection of rent and such for a small fee
Posted on 5/23/12 at 12:12 pm to Powerman
good advice
This post was edited on 5/23/12 at 12:12 pm
Posted on 5/23/12 at 1:12 pm to AndreDawson
quote:
I've heard that you can get a real estate company to manage the collection of rent and such for a small fee
bad idea unless you have at the very least 10-15 properties.
Posted on 5/23/12 at 1:19 pm to Zilla
quote:
I figured it's common to make the tenant pay the elec bill, but what about the sewer/water/trash bill ? Will I need to put those in their name ?
check with the city the property is in to see how trash is handled. If it is a seperate charge you will want to handle it yourself. Your tenant will not pay it and most cities fine you for not paying the trash fee. All others should be the tenants responsibility.
Posted on 5/23/12 at 1:24 pm to Alabama Slim
and it would also be helpful to let us know if your planning on low income properties or more mid-class type properties. It makes a huge difference in management style.
Posted on 5/23/12 at 1:41 pm to Powerman
quote:
I've heard that you can get a real estate company to manage the collection of rent and such for a small fee
Best money I spend every month.
Posted on 5/23/12 at 2:35 pm to Alabama Slim
mid class property
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