I never thought finances could be a hobby, but I think it is one of mine ever since I started watching your videos. Now I won’t be clueless in life like 90% of the population. Thank you!
@jamesallenrealestate4 жыл бұрын
Tenant screening is so important. Also updating your units helps to attract a better quality tenant.
@lesp60553 жыл бұрын
Tenant screening may be the most important step in landlording. During 2019 I had a vacant property for about 7 months, bills were starting to pile up and I needed the money urgently, I even resorted to using emergency funds I had saved 6 years prior just to keep me afloat. During that time I rejected about 8 or 10 applicants due to several reasons. Then some guy came along, he was honest, upfront, and provided all the information I asked from him, and I made him an offer he couldn't reject. He ultimately vacated the property he was renting and came to live in my property. It's been a year now and he doesn't fall behind payments, EVER.
@andreavent88654 жыл бұрын
7: Also NEVER date the tenants or rent to friends or ex girlfriends!!! Trust me on this one. Just imagine all the cons 😫you get it
@heribertocandelaria21403 жыл бұрын
Lmaooo that's a BIG NO NO😂😂
@EvoluciaCT4 жыл бұрын
I don’t even have to say anything and this man posts the exact content I want!
@M0rdFustang4 жыл бұрын
👀
@yonmoore4 жыл бұрын
Probably because of everybody smashing/hitting/destroying the like button
@mindbeyondmoney8614 жыл бұрын
My parents have been landlords of 4 units for about a decade now so I’ve seen a lot of the goods and bads. It’s worth it but it isn’t as glorious as a lot of people make it seem. Needless to say I can’t wait to get into it!
@SwiftGlassEater14 жыл бұрын
I'm sure that was an interesting perspective
@rays74374 жыл бұрын
"Mind Boggling." It's true. 20 years ago I used to work for a man who had several rental properties. It was my job to do clean up/fix up after the tenants moved out. Torn or cut up carpets, stained carpets, holes in the walls, missing or broken fixtures, missing light bulbs, unreported leaks, broken windows, and tons of trash. Also the overgrown yards, holes dug in the yards, oil stained driveways, damaged siding, damaged fences, I could go on and on.
@BY-cb1mp4 жыл бұрын
Ray S I’ve seen things in my properties that blow my mind. Like, how are some of these things even possible!? How, what?! Why!? People are wild man...
@chineseboxer1084 жыл бұрын
Leaving truck loads of junk behind, black mold, clogged sinks, broken faucets, over powering oder that won't go away, shitty mig-shift renovations...
@thoth32704 жыл бұрын
This section is due to not inspecting your properties. Put it in the lease / contract / whatever “Landlord or Property Manager will conduct an inspection on property once per month and a 24-48 hr notice will be given before arrival for inspection.” Any potential tenant that disagrees to this is not a future tenant. Inspection on properties in the beginning should be done twice a month or depending on tenant screening and general feel of how the tenant screening process went.
@ambrsanford37034 жыл бұрын
My side hustle is cleaning move outs. I can't help but try to picture how the carnage went down like a crime scene investigator. Lol
@NatashaEstrada4 жыл бұрын
@@thoth3270 I was a great tenant while I rented but there is NO WAY in heck I would have ever agreed to a monthly inspection with only a 24hr notice. That's excessive and intruding on people's quiet enjoyment of the property. Once a year or twice a year is fine. Or stopping by to say "hi" but formalized inspections every month no. A good way to get yourself a low-quality tenant who is desperate.
@ConnorandAlan4 жыл бұрын
We are all so lucky to have Graham explain these things (Real Estate, Sharemarket, Money Tips) because we know he has found the cheapest way to do it! hahah Also, it is so easy to follow because he is so transparent! Keep it up Graham!
@TKUA114 жыл бұрын
Connor & Alan we are also lucky to. . . Smash the like button for the KZbin algorithm
@Framlii4 жыл бұрын
@@TKUA11 comments do more than like buttob
@Learner4FunLifePersona4 жыл бұрын
Also we’re lucky that he’s gone through the school of hard knocks for us
@jordanbaker9314 жыл бұрын
Absolutely!
@ConnorandAlan4 жыл бұрын
TK UA almost thought you were Graham himself!
@me21436587094 жыл бұрын
"you avoid that by getting a tenant who isn't athletic" was the moment you earned me having already smashed the like button.
@SwiftGlassEater14 жыл бұрын
Pro-tip: Rent to tenants you feel confident you could beat in a fight
@PsychoGaming8054 жыл бұрын
This is amazing advice and especially the tip about the automatic fan in the bathroom! Thanks for these awesome videos Graham!
@GrahamStephan4 жыл бұрын
you got it!
@jonb31894 жыл бұрын
Agreed. That is something I need to check on for my properties. Thanks.
@stargazer50734 жыл бұрын
I sit with tennants and review the contact paragraph by paragraph. They initial key points and sign contract at the end. I've always given them the option to back out, if they wish! No one ever has and I've had great tennants by making this initial investment for our one to one meeting.
@markwegner61004 жыл бұрын
Same here.
@giggityeffyou4 жыл бұрын
Hey. Did you guys buy single family homes? Duplexes or homes with more units? Do you guys also work full time jobs? What would you do if you're at your full time job and a tenant needs something?
@stargazer50734 жыл бұрын
@@giggityeffyou we work full time and have a plumber on call. Everything else can wait. A house and condo. One in Ca and one in Utah.
@SwiftGlassEater14 жыл бұрын
Smart I intend to do the same when we get our first tenant here soon Make sure it's clear
@giggityeffyou4 жыл бұрын
Char Horst Thank you!
@PatNeedhamUSA4 жыл бұрын
"so try your best to get a tenant who isn't very athletic" 🤣🤣🤣🤣🤣🤣🤣🤣
@rookieman3294 жыл бұрын
you mean an old person
@elchupacabra6834 жыл бұрын
Actually there is a LOT of truth to this. Every tenant we've rented to who is really into sports tends to damage the property the most.
@rookieman3294 жыл бұрын
@@elchupacabra683 just get an 80 year old man
@PatNeedhamUSA4 жыл бұрын
@@elchupacabra683 but are they YOUNG and into sports or older (middle-aged / senior citizens)? Athletic ability could just be a confounding variable. Correlation !== Causation
@richardsearfoss59624 жыл бұрын
That’s hilarious
@WillReil4 жыл бұрын
A family friend of mine is trying to evict a tenant who ended up becoming a drug addict. Not the type of situation any owner hopes to be in. Still doesn't deter me from working to get into student rentals, which is an struggle of it's own as we saw when you visited Matt McKeever.
@wadebarnett25424 жыл бұрын
Hopefully, you'll never have a bloody crime scene to clean. That happens in my town.
@WillReil4 жыл бұрын
@@wadebarnett2542 sounds like you got yourself a serial killer. A damn mess to clean up after!
@wadebarnett25424 жыл бұрын
@@WillReil I wasn't the landlord, but someone was. A friend had a cleanup after a suicide. My old barber had a couple of stories. Once, he rented to nice girls who turned out to be prostitutes. They turned the house into a bordello. Another time, young parents stored their baby's used diapers in a closet. A hole was eaten through the floor. The basement was visible. A friend's renter had a druggie boyfriend who broke in and stole the pipes. People who want to become landlords should hear these stories.
@francistheinvestor7664 жыл бұрын
That's exactly how I felt, tried to be nice to my first Tenants then they started neglecting my property and move in other relatives always paid on time tho..Definitely change how I communicate with my second set of Tenants
@mattsmillennialmoney394 жыл бұрын
Sometimes you gotta drop the hammer. Business is business...never personal
@joshuasanchez93114 жыл бұрын
How do you feel about that?
@mattsmillennialmoney394 жыл бұрын
@@joshuasanchez9311 If their are people living in the property who are not listed on the lease, then you're liable if something happened to those people.
@francistheinvestor7664 жыл бұрын
@@mattsmillennialmoney39 not. It voids lease agreement so technically I could've evicted them. But didn't bother, once lease was up I got a family to move it and there is no comparison.
@mattsmillennialmoney394 жыл бұрын
@@francistheinvestor766 I live and learn. I appreciate the feedback and info
@kaylee17724 жыл бұрын
Rent gets raised every single year even though I've never paid rent late in the 5 years I've rented and I've never broken anything in an apartment before. It feels like I'll never be able to get out of poverty. your tenants are lucky to have you as a landlord
@kaylee17724 жыл бұрын
@@mathewhiscock1294 I've never had an increase lower than $100, which is about 6% where I live. Might just be my area though
@dneuman74554 жыл бұрын
Get a lower cost rental and bank some coin. Some times 18 or 24 month savings could get you mortgage .
@prettykitty54164 ай бұрын
Property tax raises every year so rent raises every year.
@the.daily.dollar4 жыл бұрын
Landlord Expectation : I will get paid for doing nothing every month Tenant : Think Twice ( Breaks the Door ) 😈
@Manpreet-bf8ek4 жыл бұрын
No two tenants are the same 😑
@GrahamStephan4 жыл бұрын
:O
@bishbosh77284 жыл бұрын
I am a landlord however I sell raw land if they break a door it's their own not mine . Raw land is a better investment 1000 down and 4-5 hundred a month till paid off. All my contracts are for 20 years unless people want to pay a higher monthly rent. I don't spend any more than 15k on a property and sell it at 10 percent interest on monthly payments.
@jkarpieszuk4 жыл бұрын
bish bosh what is raw land rental?
@bishbosh77284 жыл бұрын
@@jkarpieszuk It's not a rental it's pay to own the contract is generally 20 years or less if larger payments are made. I buy raw properties meaning there's nothing on them except trees and weeds and then sell them for monthly payments at a decent interest rate.
@StuartTyrwhitt4 жыл бұрын
I can’t wait to start investing in real estate myself but these are the types of videos I need to make me as prepared as possible! 🙌
@GrahamStephan4 жыл бұрын
Awesome!!
@AaronCrowder4 жыл бұрын
Stuart Tyrwhitt It’s gonna be big! Graham inspired me to start my own finance channel :) I was wondering if you could possibly give me feedback on my content? You don’t have to subscribe hahah, I just want to know how to become better!
@TheLilmage74 жыл бұрын
@@AaronCrowder this how you advertise a channel but anyways I subbed. Remember to have fun otherwise it becomes a job.
@Arkine134 жыл бұрын
Yeah, I already in countered the "friend as a renter" problem, and I would also say don't hire friends or friends of friends because when a falling out happens then you're either stuck with a very awkward situation or you lose an employee--sometimes both. Our first rental should be ready in about 2 months, so I'm definitely going to look into that website (and others) for background checks. Great vid!
@Templar3574 жыл бұрын
I am a tradesman for a property management company, the best I came across is a shotgun discharge through a window in the bathroom above a garden tub and destroyed the casement and frame. Priceless. The tenant said I don't know how it went off. Uhh, your safety was on the trigger 🤫.
@alexandruulici-buyingfreed91184 жыл бұрын
I'd take this work schedule over a 9-7 + commute anytime. :)
@madalinav98064 жыл бұрын
or you can keep both 💪
@alexandruulici-buyingfreed91184 жыл бұрын
Madalina V fair enough
@habibi_nation36733 жыл бұрын
@@madalinav9806 the ultimate power
@Martin-sm6dz4 жыл бұрын
Hey Graham can you do a video talking about how many hours a day you work and what you think is ideal especially for people that are trying to grow their business and make more money? Couldn't find any good videos on that topic
@GrahamStephan4 жыл бұрын
Sure!
@P4brotagonist4 жыл бұрын
It's weird hearing this because you are right. My landlord was a total hardass about things to me, but after about 2 years he really lightened up once he realized that I wasn't the kind of person to screw him over or take advantage of things when I needed an extra week on rent. We are actually good friends now but he's always my landlord first and acts like it(which is a good thing).
@mattsmillennialmoney394 жыл бұрын
It can be a slippery slope but having a good relationship with your landlord can be a positive for both parties
@TheJCFiles4 жыл бұрын
I found your channel last month and have watched enough videos to smash the like button within the first 5 seconds of the video
@jank34414 жыл бұрын
As the son of two landlors I can tell you this, Get a property manager & let give take the first month of every year as pay, works wonderfully & you can rest aside gathering thousands in return. Next year i'll be moving to Miami & renting out a room in my apartment to pay the expenses & live rent free, thank you Graham for giving me that househacking tip! Let's hope some young entrepreneurs join my community by then so we can link up haha
@miabrand89704 жыл бұрын
I'm new to the city & I'm looking to meet like-minded people! When are you visiting next?
@jank34414 жыл бұрын
@@miabrand8970 I'll be in Miami in April I believe, lets do it! I've just started a community group chat on telegram for young entrepreneurs interested in self-development, the link is in my banner, you will find my number there, text me!
@zoeye55594 жыл бұрын
This is my favorite kind of content to see from you!! Really enjoyed this video. In the future it would also be cool to see a video of you "tenant proofing" a property. :)
@GrahamStephan4 жыл бұрын
Thanks so much!!
@dh22664 жыл бұрын
Yes please!
@KathrineAnnVlogs4 жыл бұрын
I've thanked you in other videos, and I'll thank you again bc I cannot thank you enough. Thank you for giving me the information to change my life for the better. You da bomb.
@AaronCrowder4 жыл бұрын
Kathrine Ann Hes a legend! Graham inspired me to start my own finance channel :) I was wondering if you could possibly give me feedback on my content? You don’t have to subscribe hahah, I just want to know how to become better!
@jonb31894 жыл бұрын
As always, great video. Well thought out. This is exactly why a competent manager is so vital to investing. And I admit when there is a problem, I am the "good guy" and my manager is the "bad guy." Competent manager is ESSENTIAL for me to maintain distance between myself and tenant. And yes, while it is a business, I consider all my tenants as part of my family, and am very kind to them, and give them often what is needed to make the property nicer. Your last point spot on. Tenant requested something that was a bit out of bounds. Some improvement of something, figure in the $3000 range. My manager said it was unnecessary. I then said "Cindy, how long has tenant been living there?" Cindy: 4 Years. "Ever late on rent?" No. "OK. tenant has paid me nearly $70,000 in rent in four years. Let's give the tenant what they like, and not raise their rent." Then again, maybe I'm just a sofie. .
@ahumm82804 жыл бұрын
This on point! I learned a lot of similar rules in a book by Bryan Chavis called "Buy it, Rent it, Profit".
@SteveRam4 жыл бұрын
Yes! Wish I had seen this when I first started, but I’ve learned my lessons and have to say, Graham’s spot on. And even though it’s a lot work, ITS TOTALLY WORTH IT! Thanks for sharing!
@GrahamStephan4 жыл бұрын
You got it!!
@Practice_Kindness-1st4 жыл бұрын
And queue in the rude awakening moment!
@PassiveIncomeTom4 жыл бұрын
*Owning real estate is great but be prepared for the tenant skipping out, lying or theft.* 😉
@SwiftGlassEater14 жыл бұрын
About to have our first tenants, don't scare me like this! ;)
@phillipwombacher96354 жыл бұрын
or people like me who are organizing tenant unions to do rent strikes to bankrupt the landlord and for the tenants to take over the property as a co-op
@zowahh4 жыл бұрын
@@phillipwombacher9635 what lol
@phillipwombacher96354 жыл бұрын
@@zowahh tenant unions have dues and some of these unions are large enough to buy out the bankrupted landlord and give the control back to the tenants as a co-op complex
@spicyshizz28504 жыл бұрын
Passive Income Tom ooo alright gonna make a note of every appliance etc etc I purchased for the rental property
@MizikeDM4 жыл бұрын
I'd never considered real estate investing before, then about 6 months ago youtube randomly recommended one of your videos. fast forward 6 months and I own a duplex where I live in one side and rent out the other, I only pay about $1000 in housing expenses, and when i move out and rent out the side I'm i'll be cash flowing about $1,000 / month! thanks Graham!
@ARealGreen4 жыл бұрын
As a landlord, I will attest everything he says here is pure gold! I have had many of these same experiences. My very first tenant was the one who taught me the need to have the bathroom fan come on with the light to prevent moisture issues!
@luiscouto65434 жыл бұрын
After 15 years and managing 15 properties at once for last 5 years boy do have some stories from the growing pains
@lizandro77284 жыл бұрын
Gxp Z06 care to share some? I’m curious, friend
@telih4 жыл бұрын
Also curious
@freddyrussell66114 жыл бұрын
True. The thing thats hard for me as a landlord is after a tenant has been good year in and year out is a financial crisis. Lost job...etc.
@dh22664 жыл бұрын
This is one of your best videos in a long time. Thanks.
@JavaRacingCo4 жыл бұрын
Thanks Graham! I didn’t watch this the first time it was recommended to me, but I’m glad I got around to it. Such good information!!
@dauntiekay27684 жыл бұрын
Been there and done it all! There have been times when I wanted to pull my hair out but then, sometimes you have to live and learn and I would really have appreciated this kind of video when I started out but alas, there was no internet then.
@mattsmillennialmoney394 жыл бұрын
Trial and error is the name of the game. But learning from tough times is key
@CALEBBYPRODUCTIONS4 жыл бұрын
Great "behind the scenes" to let us know what we're gonna be getting into when we're thinking about going into real estate investments.
@slowpracticebuddy90354 жыл бұрын
Thank you for posting this video, we're currently screening tenants for our 4th rental property, thank you for this kind reminder!
@ColdWindPhoenix844 жыл бұрын
Saving this video, I am planning on upgrading to a new home and renting my current home within the next two years or so. This will be really helpful, thank you.
@hsarypain44874 жыл бұрын
“Smash the like button for the KZbin algorithm” always makes me up scroll up from comment to like the video but realize I already liked it!
@Misssarah39394 жыл бұрын
Thank you Graham! Great video! And YES I DID SMASH DAT BUTTON
@reddrift30224 жыл бұрын
A HUGE thing that helps, is customer service experience, especially in dealing with customer problems. Not only will it make you care less about what other people think, but you will understand how to spot, and (if you get the wrong tenant), deal with them.
@EyeAmLouDaddy4 жыл бұрын
If you sell your house don’t forget to add the interest you paid over the years before thinking your making a huge profit. Buying a house is a scam.
@TheZombieSlayerWave4 жыл бұрын
My landlord really needs to see this video! I've been living in a student rental for about 5 months and it's absolutely my worst nightmare. There's a construction site around the back of the house which wakes me up almost every day due to the noise and flood lights. Immediately next door is also a halfway house for homeless convicts when they get released so there's always shady drug addict types hanging around outside. My landlord failed to mention any of this during the viewing. He is very unresponsive, turning off his phone at around 4.30pm for the night and will not answer calls or emails outside of this time which I found out when my key got stuck in the door on Friday afternoon and he didn't respond until Monday. I've also had nothing but problems with the internet with the wifi being almost unusable at just a few kbps and KZbin buffers when I put it on 144p. He doesn't really seem to care and made a vague response several days later about talking to an isp and claiming no one has complained before despite everyone living here including myself already complaining.
@ahmedelmasry1773 жыл бұрын
The rest is fucked up but internet kind of isn’t his fault two internet companies have a monopoly on WiFi and so they make it expensive and very unreliable. There’s an episode on this in patriot act on netflix(great show and very informative)
@lightfeather99532 жыл бұрын
Some people seem to think landlords are miracle workers who should wait on your every moment, regardless of reason. What did you expect your landlord to do about the stuck key on Friday? They'd do the same thing you should have done: call a locksmith! Then obviously keep a record of the locksmith's fix and send a copy to the landlord to pay you back, or deduct the cost from your rent while sending the landlord the receipt and an explanation.
@didine2564 жыл бұрын
Graham listed all the reasons why I haven't engaged in rental real estate, way too consuming mentally and financially if it goes wrong...
@SpaceEngineerErich4 жыл бұрын
A note about how some people just find ways to make things break that don't make sense. I own three cars, all over a decade old. Aside from a few minor things here and there and general maintenance none of my cars have had any serious problem. My brother bought a 2 year old crossover a few years ago and has had to replace the transmission and the exhaust all within the first year of owning it. This car was just the latest of a long line of victims. I honestly don't know how he manages to cause severe damage to his vehicles.
@RealFinancialTalk4 жыл бұрын
Well said Graham! Running a rental property is definitely a business and not a charity!
@TealMjM4 жыл бұрын
Graham, huge fan! You really got me into investing and personal finance. I would be super interested to see you do a video on California's (as I am also a SoCal native) housing crisis and how that has changed your journey through real estate investing. I bet your take on it would be great!
@brycerichards144 жыл бұрын
Hard to be picky in selecting a tenant in cities like Seattle, when they have laws that force "first come first serve"... so we make the requirements really hard and keep rents higher to recoup for this risk.
@NatapixAS4 жыл бұрын
Just wait, soon when the tenants will live in the apartmant for free during the winter!
@Atlassian.4 жыл бұрын
If you are successful/wealthy, best to try avoid areas that are that close to full on socialism
@charlesg79264 жыл бұрын
Haha Skillzwhokillz is 100% right but the guy posting the original comment is most likely a liberal who doesn’t wanna face the music 😂
@brycerichards144 жыл бұрын
@@charlesg7926 definitely not liberal... I understand the categorization of lumping me in with them since I live in Seattle, however you shouldn't assume.
@brycerichards144 жыл бұрын
@@NatapixAS That is next on the docket to be passed, and with that will come rent increases to cover the risk. They are quite stupid in their understanding of economics and the trickle down effect it has and who the actual costs get passed too.
@joeckelly884 жыл бұрын
Right now we're saving up to buy a second house so we can keep our current house for a rental property - Saved this video for future use. Thanks!
@EvilSanta4824 жыл бұрын
I appreciate the nod to real estate being a people business as well and the need to keep the tenants happy when they are good ones. I have seen far too many landlord that become slumlords because they forget this aspect or just don't care.
@mattsmillennialmoney394 жыл бұрын
People are people and that will forever be true. Customer service is the name of the game
@sagaeq4 жыл бұрын
Watching this and nodding through the speaking points as a "homeless" student, living in my parents house.
@EmilioBrauneFinanzasPersonales4 жыл бұрын
Buen Video Graham! Yo soy de Mexico y tengo un canal de finanzas personales, me gustó de lo que hablaste en este video. Justamente subí un video hace 1 hora sobre bienes y raíces! Eres muy inspirador y afortunadamente compre tu curso y me esta ayudando muchísimo a crecer en KZbin poco a poco! Saludos desde Mexico! Good Video Graham! I am from Mexico and I have a personal finance channel, I liked what you talked about in this video. I just uploaded a video 1 hour ago about real estate! You are very inspiring and fortunately I bought your course and it is helping me a lot to grow on KZbin little by little! Greetings from Mexico!
@denaliking64264 жыл бұрын
Yep I hand potential tenants a list of up front fees to expect: early move in, back ground check, keys, etc.
@mathewm71364 жыл бұрын
Great video and thanks. I've owned two 2-flats and a 4-plex in the Milwaukee Area for 12 years. Everything you said is spot on (and I subscribed and liked). to add to your "Immediate Major Issues"; 1. a leak. 2. Hot water out. (Just out of courtesy) 3. No heat in winter (Milw.)
@rickg35264 жыл бұрын
Wouldn't the previous owner lie about their experience with the tenant if they are trying to get rid of them? (Owner saying that the tenant is the best, when in reality they were a nightmare)
@WealthyTiffany4 жыл бұрын
Everything you said is so true, Graham!! What is with swinging the door as hard as possible and making a hole in the wall!?!? I don’t get it. 🤦♀️ Loved the video and can totally relate!
@austina41894 жыл бұрын
I've been putting in almost every hour I'm not either eating or sleeping working on my first fixer upper. It would almost break my heart to see it destroyed by bad tenants. I'm definitely heeding every warning and planning to screen my applicants thoroughly
@MasterOfSparks4 жыл бұрын
As a previous landlord this is Excellent advice.
@cindyhewatt34064 жыл бұрын
Love everything you’ve said, smashed like button, going to watch it again!
@GrahamStephan4 жыл бұрын
thank you!
@maddmethod58804 жыл бұрын
the doorknob thing, thats REALLLYYYY easy to have happen, its why most rental places have those prong things near the floor to keep the door from hitting the wall.
@hawkeyes78664 жыл бұрын
thank you grahm, you are a great example for anyone conscidering realestate investing.i have a conserable retairment today because i began investing 40 yrs ago. i enjoy your videos very much.
@devonportm4 жыл бұрын
Thanks for the heads up Graham! I've just finalized a deal for my first buy to let property and looking forward to documenting it for you guys to see.
@victoroyewole21114 жыл бұрын
Grapham could we see a video of you creating a budget for a random subscriber? (such as myself) :D
@victoroyewole21114 жыл бұрын
and I smashed the like button just incase
@kendallalford4644 жыл бұрын
This is a really good idea
@davideve28144 жыл бұрын
“Make sure the bathroom ceiling fan turns on automatically once the bathroom light is turned on” SAUNAS 👀👀😅 guilty
@pencilhead5278 Жыл бұрын
I love the way you give out important information- Plus your compassion for people always comes across.
@BudgetBill4 жыл бұрын
Good information as well as reminders for me as I continue to grow my rental properties. The Graham always providing that FIRE!
@josejimenez21214 жыл бұрын
Who else wouldn’t pass Grahams tenant screening
@GrahamStephan4 жыл бұрын
😂
@wadebarnett25424 жыл бұрын
I'd pass easily, but I'm a buyer, not a renter.
@janityy4 жыл бұрын
I pay 300 dollars a month for an efficiency in a rich area ,heat and water included. I'm saving for a home for about 35,000. I'm really trying . I love in PA I cannot comprehend what u charge people and why . We have a housing scam crisis is why is like half a million homeless people now especially in California. Spirit protects me Graham I think ure cool but in the Fallen World people are trying to win and I get that but spiritual work requires losing and that's the game I play I throw down to come up high . Is how I finished my first initiation. Along with altered states Yes I commend u for working hard to get where u are at but In the Fallen World spirit controls Time and Death much better to be good with Spiirt than to bow to Mortals in any way ,shape or form,good day
@janityy4 жыл бұрын
I would not pass ure screening I'm too poor I only make 35,000 a year and I can only affo4d a 300 dollar a month apt . U would laugh at me if I ever applied . But u know what Spiirt found me this place from all the hard work I've done spiritually . Id be careful screening people u may be missing out on what's really impt
@robertbayer44174 жыл бұрын
@Graham Stephan Hey Graham, I love the videos and because of you I've gotten into to credit cards and real estate investing. You think you could do a video on things to include on a rental contract???
@GrahamStephan4 жыл бұрын
It's a little too nuanced for youtube, since every state is different - but I use the generic state lease agreement from the association of realtors
@lionheart934 жыл бұрын
@@GrahamStephan yes please
@ijonuigbo74174 жыл бұрын
Golden nuggets! Thanks Graham!
@austinbyrd3074 жыл бұрын
Smashed the like button during the ad, next level🔥
I just discovered the notification bell still exists 😎 thanks to your last vid
@GrahamStephan4 жыл бұрын
WOOHOO THANKS!!
@cilionne4 жыл бұрын
Graham this video was so good! Guys please like this comment so that he can talk about these things: - How much of a financial responsibility you have as a landlord. When something breaks, do you have to pay for it or does the tenant has to pay for it? I currently live on an apartment where whenever the light bulbs go out or something is wrong with the fixtures, they charge me $28 - Is there any insurance that you can get to cover those costs? and how does it work? Because I'm thinking if you have a bad tenant that is always breaking stuff and have to repair all the time, that can add up pretty quickly - What is the exact network of people that you need to have on speed dial that can asses to any potential emergency or issues and how do you go about building that network of people for real state? Overall, I want to know more about the landlord's financial involvement and how to asses a problem effectively if you're not familiar with what could go wrong with a property and if you're not, how do you familiarize yourself with it.
@TheTECShow4 жыл бұрын
Nice work brotha!
@bensonfinancial39454 жыл бұрын
Wait a minute, are you saying that being a landlord is not as easy as we all thought?
@GrahamStephan4 жыл бұрын
EXPOSED
@alexwyler45704 жыл бұрын
you should have merch that says " smash the like button " :-)
@djnaydee4 жыл бұрын
To avoid all issues he mentions in this video with Option B: Pay 8% of your rent to Hire a Property manager, Wamn.. You have all your time back and minimal headaches.
@michaels96124 жыл бұрын
Motivational. I’m 21, been watching your channel for a while, in the military and thinking of buying a home to then have be a rental. Had a whole earful last night from my family member about that idea and it was a little discouraging and had me think twice. Very nice you put out this video today. Looking forward to finishing it. Not even three minutes in and had to smash the like button and drop a comment letting you know I was personally touched
@kevinpatterson234 жыл бұрын
been waiting for another real estate vid :)
@GrahamStephan4 жыл бұрын
You got it!!
@MarkWillmore4 жыл бұрын
You're called land Lord for a reason, you are the boss, don't be afraid to be the boss.
@cioccociocco46174 жыл бұрын
That's the best part.
@tonysopranooo14 жыл бұрын
more like a parasite...
@rsasllc-houseflipping69174 жыл бұрын
As a landlord of 12 years I can testify that everything Graham said is true. New landlords, watch this video 3 times over. I wish I had this video when I started out instead of learning the hard and expensive way!
@xXAnthony619Xx4 жыл бұрын
This is some legit really good info. I'm not even in the trade but this is definitely key to know.
@noahwiggs93804 жыл бұрын
Step one: respect my “authoritah"
@SwiftGlassEater14 жыл бұрын
Done Now what?
@francoberardi37714 жыл бұрын
I proclaim myself a professional helper of the KZbin algorithm
@majawei61274 жыл бұрын
Only person on KZbin I'm subscribed is President Stephan. You the truth.
@GrahamStephan4 жыл бұрын
thank you!
@majawei61274 жыл бұрын
@@GrahamStephan mybad on the spelling..
@CuriosityUnchained4 жыл бұрын
Very good video. Tennants are people, it must never be forgotten. Very important message, and I’m glad you made this video
@socialmediaco55114 жыл бұрын
Graham always make learning about finance so fun and interesting! I genuinely aspire to be like him in his videos one day!
@luxdude44494 жыл бұрын
One day you'll get there man
@101doggie24 жыл бұрын
agree completely
@1caseonly4814 жыл бұрын
that's exactly why he's so great
@SixFilthy4 жыл бұрын
7:44 2nd time I smashed the like button. Turned grey tho. 😂
@66block844 жыл бұрын
As a retired technician, we used to say, "Murphy works everywhere & doesnt take a day off". What can break, will.
@kazigma4 жыл бұрын
Hey. Been looking and listening to your videos for some weeks now. Just giving positive vibrations for your amazing work and channel. Thanks bud
@kazigma4 жыл бұрын
@@shekharmoona544 of course
@RachaelLyn4 жыл бұрын
I'd love to be a landlord someday, but I may be too nice for it.
@RachaelLyn4 жыл бұрын
@Eitan Tal You are so right!
@ScubaCody4 жыл бұрын
I just evicted 4 people from my house because they didn’t pay, at least they left the place nice and clean.
@ScubaCody4 жыл бұрын
Fortnut lol i was expecting to walk in to it trashed and it was Immaculate. lost $2000 but better to be making nothing than losing more later on in my eyes
@BySixa4 жыл бұрын
If you evict them for not paying are they still liable to pay that or do you just have to take the financial hit?
@ScubaCody4 жыл бұрын
Mark I’m not exactly the person to ask for that specifically but I just took the hit.
@inhawaii49414 жыл бұрын
Consider yourself lucky
@inertiaforce78464 жыл бұрын
Evicted a tenant and he trashed my property. Got a judgment but don't know if it will be collectible.
@kleishor68684 жыл бұрын
Im glad I live in a state where garbage disposals are not popular.
@Lycan33034 жыл бұрын
hoping to become a land lord early next year
@thattannerguy8564 жыл бұрын
Great tips! Just started my 3rd year as a Landlord, thankfully I've had great tenants so far! (Knock on wood)
@GrahamStephan4 жыл бұрын
NICE!!
@elizabetha85654 жыл бұрын
I was told that landlords can't charge a late fee in CA. I wonder where I can look that up to know for sure...
@cherrytung4 жыл бұрын
I've never heard that before and I was a renter in LA
@ajm9354 жыл бұрын
This is not true, but CA does have some of the most pro tenant laws in the country.
@Cahluvca4 жыл бұрын
CA is is pro tenant over landlords
@waterheaterservices4 жыл бұрын
Glorious revolutionary humanist socialist people's California. To be expected. Invest elsewhere.
@joebelladonna96034 жыл бұрын
Landlords definitely can charge late fees in CA, but there is a percentage based cap on what those late fees are.
@gullatteacres25554 жыл бұрын
Incredibly helpful!
@joshuadewaal4 жыл бұрын
I always tell my tenants that they shouldn't be putting ANYTHING down the disposal. It is only for incidental food items as you clean dishes.