Hope you check out some of my content. I come from decades of working at the large national and statewide Property management organizations. I teach small landlords all the business practices that we train our leasing agents on over at that side of the industry.
@shellyd733914 күн бұрын
It is good you now have a rule to not allow smoking inside the house. It is very damaging, been there. We had purchased a cigarette-smoke infested ranch house that a man had lived in the house for many years. We had to rip out light fixtures, refinish the floors, wash all walls with TPS then prime and paint. And you could STILL smell residual cigarette smoke.
@shellyd733914 күн бұрын
Exactly. You said it, you made a mistake (a big one over and over again to let her stay). SHE is the one that chose the eviction or foreclosure with her actions of non-payment. That is the mindset you need to have . . . you should not "feel bad" having to evict and foreclose, that is crazy! You gave them many chances which was amazing but the eviction should have happened long before it did. Another lesson is do NOT rent or do owner financing with an acquantence, friend or family because it changes the relationship. Just don't. Also I would have filed something with your state's lawyer board (most states have one), that lawyer was utterly incompentent.
@Cesar-m1c3v15 күн бұрын
Good info it's it ok if I asked for a copy of your application l will like to see the aplicasion
@handyhands6773Ай бұрын
Great point's
@risingdynasty7602Ай бұрын
How did you find your attorney
@JPPropertyConsultingLLC12 күн бұрын
Your city / county should have local landlord tenant law attorneys. Sometimes LinkedIn is a good resource to find someone in your district. Also, see if your municipality has a local apartment association or landlord association. Joining this and attending their meetings may be a great networking opportunity to find which attorneys in your area are more “landlord friendly” and which are more “tenant friendly” 👈This is important, because if not careful, you end up conversing with a “typically tenant friendly attorney” who usually doesn’t see things the way you and I do.
@joeralphs9157Ай бұрын
Thank you for the review the comment you shouldn't have to pay fees to pay rent is in my opinion sort of naive. There are companies who built out their infrastructure built web pages have Administration expenses all kinds of things so I don't think it's unreasonable for somebody to charge you a small fee to use a system that they created. I do think it's great that there are options for tens to pay for free. But to act as if somebody charging a fee to use a service is some sort of wrongdoing, spend a couple of decades or just 5 years in the business world
@LynnDeatherage-q3kАй бұрын
What happened if there apartment was burning up due to a arsonist fire not there fault. Don't discriminate on that. It's happening a lot in MPLS apartments and duplexes.
@gst4043Ай бұрын
Bathroom was overpriced I can do that for 2k
@henkfinkers3931Ай бұрын
Five things I don’t like about exploiting people and ruining their lives. The fact that you dare to tell people that you are an exploiter and aren’t ashamed is a failure of society. You are a bad person and your business should be taxed out of existance.
@graciouskingsley6893Ай бұрын
@Mandy would you love to collaborate
@graciouskingsley6893Ай бұрын
10:37 It looks like he wants to take your money 😅
@LynnDeatherage-q3kАй бұрын
Mandy you can't discriminate against someone who is a smoker and age isnt part of the fair housing laws unless the building is for apt elderly people. My ex neighbor Lisa smoke and in the winter I see her outside everyday 🚬🚭 smoking outside.
@LynnDeatherage-q3kАй бұрын
If the person apartment burned down and needs to get into apt.
@LynnDeatherage-q3kАй бұрын
All banks are now closing savings account or checking account. I had a neighbor Lisa who goes outside and smoke. And no it doesn't smoke goes into the building.
@LynnDeatherage-q3kАй бұрын
You forgot that disabled people have more rights against evictions and fair housing laws. Age is not a civil rights game. Unless if its a senior building 🏢. Accomations.
@theropesofrenovationАй бұрын
How do you handle lease renewals. I live an hour and a half away and feel like I'm going every other month to have a lease renewal or a new lease to get signed.
@LynnDeatherage-q3kАй бұрын
A former neighbor Lisa smokes only outside. Yes winter ❄️🥶 and I seen her everyday outside smoking 🚭🚭🚭🚭🚭. Professional tenants.
@LynnDeatherage-q3kАй бұрын
You can't not discriminate against us disability. Race color religion and age isn't a discrimination unless you are going to hire someone else to be a leases agent.
@SWO_888Ай бұрын
well done young lady!
@brianzacatelco7862 ай бұрын
damn you cute, it was hard to focus tbh
@sltpttch862 ай бұрын
Wondering is there option to charge 10 per day late fee
@Lanainvestor2 ай бұрын
do u charge 2x rent as a deposit ? Does section 8 pay for damages ?
@bugwar554519 сағат бұрын
As far as I know, Section 8 does NOT pay for damages.
@talus0072 ай бұрын
I’m very impressed with the sweat equity you put in your properties
@talus0072 ай бұрын
Maybe put a 5% per year cost of market adjustment right into your leases, and then any year you don’t feel the market justifies the 5% increase you get to be the good guy and say no increases or 2% increase this year
@talus0072 ай бұрын
That’s good information that purchasing a property does not void existing leases
@talus0072 ай бұрын
Yes, leave the laundry open. If you were renting it out by the room instead of to a family I think I would have provided the dishwasher and laundry machine upfront. But I particularly like how you walk through your rationale of what you do.
@talus0072 ай бұрын
Clean, safe, functional = the reasonable expectation and is not a slumlord
@talus0072 ай бұрын
You are absolutely correct about inside pictures; if I don’t see inside pictures I’m assuming the property is a complete rehab
@talus0072 ай бұрын
Cozy is down, may I ask what you switched to?
@Mr_Kirk_2 ай бұрын
I wish the approval in Cleveland was only 2-3 weeks. They have a minimum of 45 days just to get an inspection. Then they low ball you on rents.
@AdryianBoydDodd2 ай бұрын
The landlord \ tenant relationship tends to sour over time. It doesn't matter how nice you are to the tenant. They always seem to take advantage of that kindness. But, at the end of the day, you have to treat being a landlord like a business. The tenant knows what they are doing. They have read and agreed to the terms, but get upset when you enforce them?
@shanthom482 ай бұрын
Do you want money or not?
@Lanainvestor2 ай бұрын
Does anyone want to sell their rentals ?
@Scotty2hotty-xc6gi2 ай бұрын
That spiral staircase is brutal. They’re dangerous, almost impossible to get things up and down. I would tear it out somehow and put in regular stairs wouldn’t be that expensive
@CookInTech843 ай бұрын
Lesson here: When not partnering with a professional, good professional, or consulting with experience, you will lose money. I admire pulling up the sleeves, but it has seen and brought losses with it. Geez!!
@LWRC3 ай бұрын
The property is yours. The septic tank is your responsibility. The tenant has no say so in this matter. Issue closed - no further discussion. As a landlord, you should shut down this type of nonsense ASAP so it doesn't get blown out of control and snowballs into 10 other issues ! ! !
@0annonymous3 ай бұрын
You know, NOT ALL Section 8 tenants are bad, SOME of them are actually CAREFUL with properties Just because you had a number of failures where you are doesn't necessarily mean it's going to turn out to be everyone If you have a completely covered voucher holder, you could have designated places just for them where the utilities are included in the rent Just make sure, though, that the tenants are reasonable with utility usage
@Maya-ln1os3 ай бұрын
Be mindful of renting to people who have challenges with alcohol addiction...I've experienced lots of property damage from a renter who had an alcohol addiction. People worry about folks with addictions to illegal drugs, but alcohol is the worst.
@CheekyCreole3 ай бұрын
5:24 You should definitely be lenient with them just because someone is not a good person doesn’t mean you shouldn’t be. So I’m glad that you chose to give them 30 days or 60 days.
@tomusannonymous3 ай бұрын
I wish I'd known about the "moving out urgently" red flag cuz this guy had to find a place pretty urgently. He told me he was emplyed and My real estate agent did the employment check for this guy and he was given the all clear (I'm head tenant and he was to take the spare room). Told me he didn't have the bond but would pay over the first few weeks. After he moved in it became apparent that he was unemployed, never paid the bond, started missing rent within the first month and from there it was just hell, chasing him for rent all the time, and having to wait until his unemployment check came through every second week and hoping he pays for the past 2 weeks. Him having no money for bills... Dude turned out to be a real piece of garbage.
@EastCoastEscape3 ай бұрын
Finding a property manager for your short term rental can be challenging. Thats why we offer a 5 star guarantee revenue model. If anyone leaves a review less than 5 stars, we do not get paid.
@tycobb25803 ай бұрын
ur a lot easier to look at than the other real estate youtubers
@Stroopdoggmom3 ай бұрын
@itsmandy how do I reach you about finding a house
@Stroopdoggmom3 ай бұрын
@itsmandy do you still have rental properties?
@isabelkassan52443 ай бұрын
Am not landlord! Don’t intend to be ever!
@n.a.s.75064 ай бұрын
Can you please provise a link to Cozi.
@nellielee29154 ай бұрын
Thanks for sharing 🤩
@maxsmart89544 ай бұрын
Con you give up your property to the government.
@bugwar554519 сағат бұрын
You do know that all property is subject to government oversight. You are just used to HOA, city, county, and state regulations. Section 8 is just another voluntary layer, in exchange for government funds.
@maxsmart895414 сағат бұрын
@ the funds are not worth the loss of control of the property.
@CookInTech844 ай бұрын
Landlord or Investor, huge difference between the two. Perception is reality, you can convince yourself you are somewhere in the middle, but the truth is they are different. When speaking with others, how do you want to feel and be viewed by others, as a landlord (not honest work, though you might be honest/ethical/fair) or an investor (not even connected to tenants and toilets), more of a business person others admire?