Being a landlord comes with challenges, but finding out your tenant has been arrested might be a landlord’s worst nightmare! Fortunately, there are procedures for how to deal with such a contingency. This article will help landlords know how to protect themselves and their assets if this situation occurs. CONFIRM First, confirm your tenant is …
Category: Landlord Education
What Happens if My Tenant Gets Arrested?
How Does Wholesale Real Estate Work?
Investing in real estate provides many obvious avenues of potential revenue, from monthly rent to selling a renovated house at a higher price point. But the concept of buying and selling wholesale real estate can be a little murkier. What is Wholesale Real Estate? A real estate wholesaler seeks properties priced below their fair market …
When Your Tenant Breaks the Lease Before Moving In
You’ve undergone a thorough screening process, selected a tenant, signed a lease, and prepped the unit for the new renter to move in. The last thing you want to hear is that your new tenant doesn’t want the unit after all. But occasionally, a renter breaks the lease before taking possession of the unit. How …
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What Landlords Need to Know about Data Privacy
As a landlord, tenants trust you to keep their home safe and well-maintained. But they’re also trusting you with their personal information. Rental applicants are typically required to share private data like their date of birth, phone number, previous addresses, employment status, and social security number. Once tenants sign a rental agreement, they may need …
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Book Review: Building Wealth One House at a Time
It’s the time of year to look ahead and formulate goals and plans for the future of your business. Are you hoping to grow your investments in 2025? Do you want to manage your properties more efficiently? Perhaps you’re a prospective landlord considering your first rental home purchase. Studying the real estate market and investment …
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The Holidays and Tenant Gifts
What do you want for the holidays? Popular songs include wishes from making it home for the holidays to getting their two front teeth! These wishes are practical enough, and your wishes may be just as practical. But here’s a more challenging question –what do your tenants want for the holidays? Your renters are the …
New Year’s Resolutions for Landlords
As we flip the calendar to 2025, it’s a time to reflect on the prior year and look ahead to what’s coming next. A new year offers a fresh start that inspires many people to make resolutions about what they’ll do differently in the year ahead. These resolutions stereotypically involve personal goals, such as education …
Ensuring Your Single-Family Rental Attracts Tenants
Whether you’re a new or seasoned landlord, some aspects of the job remain the same. For example, one of your primary concerns will always be gaining and retaining quality tenants. If you rent a single-family home, you’re already appealing to the stable, family-minded market you want, but the competition is still out there! How do …
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The Corporate Transparency Act: A Must Read for Owners of LLCs or Similar Entities
The Corporate Transparency Act (CTA) is a recent step toward enhancing transparency in the business sector, aiming to combat illicit activities such as money laundering, tax evasion, and financial fraud. Enacted as part of the National Defense Authorization Act (NDAA) in January 2021, the CTA imposes new reporting requirements on certain U.S. businesses, with the …
Why Investing in Single-Family Homes Is a Winner
If managing a large housing complex sounds overwhelming, start small with your property ownership journey by purchasing a single-family home. Once you master owning and managing a single rental property, adding a second property will be a breeze! Many seasoned housing owners have started with one single-family home before they graduated to owning multiple rental …
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