September 11th, 2019 4:34 AM by Eric Willner
Radio Show Notes 9/10/19 Tuesday- Landlord Tips to Save Money and Avoid Losing Money
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Today, The Real Estate Show’s Tools Tips & Techniques Tuesday brings you - Landlord Tips to Save Money and Avoid Losing Money. Talk to any group of landlords and you’re bound to hear horror stories about a rental property nightmare they experienced and how much it cost them. Even in the news from time to time, you will hear about professional tenants who rip off one landlord after another, leaving behind a trail of trashed rentals and serious financial losses. How do these bad tenants keep getting away with it?
Actually, it’s not that hard because of the lack of experience of most landlords. That’s why a good property manager is worth his weight in gold over the long run. You see, it’s harder than it seems to trap a problem tenant. One reason this happens is that problem tenants tend to target small landlords who may be more flexible. Sound familiar of a landlord you know?
How it usually starts is this: The first order of business for the problem tenant is a roof over his or her head. They may never have intended to become a problem tenant, but “something” happens in their lives, and now they want to make their problem – your problem. So they need to get creative. They need to survive, and the amateur landlord is an easy target.
Problem tenants often will avoid properties with on-site management or leasing offices or an active property manager. They do not like large, well-managed apartment complexes or attended houses. They know there will be too much scrutiny. Plus, “standard” procedures mean they will be rejected.
Instead, problem tenants will look for small or inexperienced landlords or neglected properties.
Typically, problem tenants target unsuspecting landlords through:
Unprofessional-looking rental ad or signs;
Loose or non-existent credit requirements;
No mention of rules to qualify for a lease;
Properties with poor curb appeal or inside maintenance; and,
Avoid these problem tenants by considering the message you send with each step of the rental process. For a checklist of Do’s and Don’t contact us at www.AutomaticLandlord.com
Landlording is a powerful way to make money in Real Estate, and so is listening to The Real Estate Show. Contact Eric Willner for a private personal conversation about your real estate goals.
Listen to the show live or the archived version in its entirety for all the tips, facts and ideas.
Want more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner. The Show is Live every weekday morning at 8 o’clock (EST) on Florida’s Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
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Then check out these EXTRA cool resources:
90DayFreshStart.com To become a homeowner regardless of credit or ...
TimeToFixMyCredit.com for Financial Education and Credit Improvement
AutomaticLandlord.com for Landlording and Real Estate Investment
MackBuysHouses.com for a fast cash offer on Real Estate
MackSellsHouses.com for great deals on Real Estate Investments
MackBargainHouseHunters.com to Partner on Real Estate Deals
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
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