A Warning For Landlords | Expectation vs Reality

[@Steve83B]

But it’s the only way I’ll ever be a “Lord”.

[@GrahamStephan]

😜

[@KenanGrace]

Graham Stephan finance channels for the win 🔥

[@largeisopodd]

You can buy a lordship!

[@jamesdoughty1522]

A Lord of the land!

[@Snow_Pulse]

Steve B 😂 I’m dead

[@broccolihoward5621]

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!

[@jamesallenrealestate]

Tenant screening is so important. Also updating your units helps to attract a better quality tenant.

[@lesp6055]

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.

[@andreavent8865]

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

[@heribertocandelaria2140]

Lmaooo that's a BIG NO NO😂😂

[@EvoluciaCT]

I don’t even have to say anything and this man posts the exact content I want!

[@M0rdFustang]

👀

[@yonmoore]

Probably because of everybody smashing/hitting/destroying the like button

[@mindbeyondmoney861]

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!

[@SwiftGlassEater1]

I'm sure that was an interesting perspective

[@rays7437]

"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-cb1mp]

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...

[@chineseboxer108]

Leaving truck loads of junk behind, black mold, clogged sinks, broken faucets, over powering oder that won't go away, shitty mig-shift renovations...

[@thoth3270]

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.

[@ambrsanford3703]

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

[@NatashaEstrada]

@@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.

[@ConnorandAlan]

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!

[@TKUA11]

Connor & Alan we are also lucky to. . . Smash the like button for the KZbin algorithm

[@Framlii]

@@TKUA11 comments do more than like buttob

[@Learner4FunLifePersona]

Also we’re lucky that he’s gone through the school of hard knocks for us

[@jordanbaker931]

Absolutely!

[@ConnorandAlan]

TK UA almost thought you were Graham himself!

[@me2143658709]

"you avoid that by getting a tenant who isn't athletic" was the moment you earned me having already smashed the like button.

[@SwiftGlassEater1]

Pro-tip: Rent to tenants you feel confident you could beat in a fight

[@PsychoGaming805]

This is amazing advice and especially the tip about the automatic fan in the bathroom! Thanks for these awesome videos Graham!

[@GrahamStephan]

you got it!

[@jonb3189]

Agreed. That is something I need to check on for my properties. Thanks.

[@stargazer5073]

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.

[@markwegner6100]

Same here.

[@giggityeffyou]

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?

[@stargazer5073]

@@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.

[@SwiftGlassEater1]

Smart I intend to do the same when we get our first tenant here soon Make sure it's clear

[@giggityeffyou]

Char Horst Thank you!

[@PatNeedhamUSA]

"so try your best to get a tenant who isn't very athletic" 🤣🤣🤣🤣🤣🤣🤣🤣

[@rookieman329]

you mean an old person

[@elchupacabra683]

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.

[@rookieman329]

@@elchupacabra683 just get an 80 year old man

[@PatNeedhamUSA]

@@elchupacabra683 but are they YOUNG and into sports or older (middle-aged / senior citizens)? Athletic ability could just be a confounding variable. Correlation !== Causation

[@richardsearfoss5962]

That’s hilarious

[@WillReil]

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.

[@wadebarnett2542]

Hopefully, you'll never have a bloody crime scene to clean. That happens in my town.

[@WillReil]

@@wadebarnett2542 sounds like you got yourself a serial killer. A damn mess to clean up after!

[@wadebarnett2542]

@@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.

[@francistheinvestor766]

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

[@mattsmillennialmoney39]

Sometimes you gotta drop the hammer. Business is business...never personal

[@joshuasanchez9311]

How do you feel about that?

[@mattsmillennialmoney39]

@@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.

[@francistheinvestor766]

@@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.

[@mattsmillennialmoney39]

@@francistheinvestor766 I live and learn. I appreciate the feedback and info

[@kaylee1772]

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

[@kaylee1772]

@@mathewhiscock1294 I've never had an increase lower than $100, which is about 6% where I live. Might just be my area though

[@dneuman7455]

Get a lower cost rental and bank some coin. Some times 18 or 24 month savings could get you mortgage .

[@prettykitty5416]

Property tax raises every year so rent raises every year.

[@the.daily.dollar]

Landlord Expectation : I will get paid for doing nothing every month Tenant : Think Twice ( Breaks the Door ) 😈

[@Manpreet-bf8ek]

No two tenants are the same 😑

[@GrahamStephan]

:O

[@bishbosh7728]

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.

[@jkarpieszuk]

bish bosh what is raw land rental?

[@bishbosh7728]

@@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.

[@StuartTyrwhitt]

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! 🙌

[@GrahamStephan]

Awesome!!

[@AaronCrowder]

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!

[@TheLilmage7]

@@AaronCrowder this how you advertise a channel but anyways I subbed. Remember to have fun otherwise it becomes a job.

[@Arkine13]

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!

[@Templar357]

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-buyingfreed9118]

I'd take this work schedule over a 9-7 + commute anytime. :)

[@madalinav9806]

or you can keep both 💪

[@alexandruulici-buyingfreed9118]

Madalina V fair enough

[@habibi_nation3673]

@@madalinav9806 the ultimate power

[@Martin-sm6dz]

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

[@GrahamStephan]

Sure!

[@P4brotagonist]

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).

[@mattsmillennialmoney39]

It can be a slippery slope but having a good relationship with your landlord can be a positive for both parties

[@TheJCFiles]

I found your channel last month and have watched enough videos to smash the like button within the first 5 seconds of the video

[@jank3441]

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

[@miabrand8970]

I'm new to the city & I'm looking to meet like-minded people! When are you visiting next?

[@jank3441]

@@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!

[@zoeye5559]

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. :)

[@GrahamStephan]

Thanks so much!!

[@dh2266]

Yes please!

[@KathrineAnnVlogs]

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.

[@AaronCrowder]

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!

[@jonb3189]

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. .

[@ahumm8280]

This on point! I learned a lot of similar rules in a book by Bryan Chavis called "Buy it, Rent it, Profit".

[@SteveRam]

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!

[@GrahamStephan]

You got it!!

[@Practice_Kindness-1st]

And queue in the rude awakening moment!

[@PassiveIncomeTom]

*Owning real estate is great but be prepared for the tenant skipping out, lying or theft.* 😉

[@SwiftGlassEater1]

About to have our first tenants, don't scare me like this! ;)

[@phillipwombacher9635]

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

[@zowahh]

@@phillipwombacher9635 what lol

[@phillipwombacher9635]

@@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

[@spicyshizz2850]

Passive Income Tom ooo alright gonna make a note of every appliance etc etc I purchased for the rental property

[@MizikeDM]

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!

[@ARealGreen]

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!

[@luiscouto6543]

After 15 years and managing 15 properties at once for last 5 years boy do have some stories from the growing pains

[@lizandro7728]

Gxp Z06 care to share some? I’m curious, friend

[@telih]

Also curious

[@freddyrussell6611]

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.

[@dh2266]

This is one of your best videos in a long time. Thanks.

[@JavaRacingCo]

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!!

[@dauntiekay2768]

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.

[@mattsmillennialmoney39]

Trial and error is the name of the game. But learning from tough times is key

[@CALEBBYPRODUCTIONS]

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.

[@slowpracticebuddy9035]

Thank you for posting this video, we're currently screening tenants for our 4th rental property, thank you for this kind reminder!

[@ColdWindPhoenix84]

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.

[@hsarypain4487]

“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!

[@Misssarah3939]

Thank you Graham! Great video! And YES I DID SMASH DAT BUTTON

[@reddrift3022]

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.

[@EyeAmLouDaddy]

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.

[@TheZombieSlayerWave]

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.

[@ahmedelmasry177]

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)

[@lightfeather9953]

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.

[@didine256]

Graham listed all the reasons why I haven't engaged in rental real estate, way too consuming mentally and financially if it goes wrong...

[@SpaceEngineerErich]

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.

[@RealFinancialTalk]

Well said Graham! Running a rental property is definitely a business and not a charity!

[@TealMjM]

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!

[@brycerichards14]

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.

[@NatapixAS]

Just wait, soon when the tenants will live in the apartmant for free during the winter!

[@Atlassian.]

If you are successful/wealthy, best to try avoid areas that are that close to full on socialism

[@charlesg7926]

Haha Skillzwhokillz is 100% right but the guy posting the original comment is most likely a liberal who doesn’t wanna face the music 😂

[@brycerichards14]

@@charlesg7926 definitely not liberal... I understand the categorization of lumping me in with them since I live in Seattle, however you shouldn't assume.

[@brycerichards14]

@@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.

[@joeckelly88]

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!

[@EvilSanta482]

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.

[@mattsmillennialmoney39]

People are people and that will forever be true. Customer service is the name of the game

[@sagaeq]

Watching this and nodding through the speaking points as a "homeless" student, living in my parents house.

[@EmilioBrauneFinanzasPersonales]

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!

[@denaliking6426]

Yep I hand potential tenants a list of up front fees to expect: early move in, back ground check, keys, etc.

[@mathewm7136]

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.)

[@rickg3526]

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)

[@WealthyTiffany]

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!

[@austina4189]

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

[@MasterOfSparks]

As a previous landlord this is Excellent advice.

[@cindyhewatt3406]

Love everything you’ve said, smashed like button, going to watch it again!

[@GrahamStephan]

thank you!

[@maddmethod5880]

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.

[@hawkeyes7866]

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.

[@devonportm]

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.

[@victoroyewole2111]

Grapham could we see a video of you creating a budget for a random subscriber? (such as myself) :D

[@victoroyewole2111]

and I smashed the like button just incase

[@kendallalford464]

This is a really good idea

[@davideve2814]

“Make sure the bathroom ceiling fan turns on automatically once the bathroom light is turned on” SAUNAS 👀👀😅 guilty

[@pencilhead5278]

I love the way you give out important information- Plus your compassion for people always comes across.

[@BudgetBill]

Good information as well as reminders for me as I continue to grow my rental properties. The Graham always providing that FIRE!

[@josejimenez2121]

Who else wouldn’t pass Grahams tenant screening

[@GrahamStephan]

😂

[@wadebarnett2542]

I'd pass easily, but I'm a buyer, not a renter.

[@janityy]

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

[@janityy]

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

[@robertbayer4417]

@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???

[@GrahamStephan]

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

[@lionheart93]

@@GrahamStephan yes please

[@ijonuigbo7417]

Golden nuggets! Thanks Graham!

[@austinbyrd307]

Smashed the like button during the ad, next level🔥

[@paulprevost1224]

"Tenant Screening" , Graham: *Joe Goldberg mode activated*

[@brightlyart]

I just discovered the notification bell still exists 😎 thanks to your last vid

[@GrahamStephan]

WOOHOO THANKS!!

[@cilionne]

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.

[@TheTECShow]

Nice work brotha!

[@bensonfinancial3945]

Wait a minute, are you saying that being a landlord is not as easy as we all thought?

[@GrahamStephan]

EXPOSED

[@alexwyler4570]

you should have merch that says " smash the like button " :-)

[@djnaydee]

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.

[@michaels9612]

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

[@kevinpatterson23]

been waiting for another real estate vid :)

[@GrahamStephan]

You got it!!

[@MarkWillmore]

You're called land Lord for a reason, you are the boss, don't be afraid to be the boss.

[@cioccociocco4617]

That's the best part.

[@tonysopranooo1]

more like a parasite...

[@rsasllc-houseflipping6917]

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!

[@xXAnthony619Xx]

This is some legit really good info. I'm not even in the trade but this is definitely key to know.

[@noahwiggs9380]

Step one: respect my “authoritah"

[@SwiftGlassEater1]

Done Now what?

[@francoberardi3771]

I proclaim myself a professional helper of the KZbin algorithm

[@majawei6127]

Only person on KZbin I'm subscribed is President Stephan. You the truth.

[@GrahamStephan]

thank you!

[@majawei6127]

@@GrahamStephan mybad on the spelling..

[@CuriosityUnchained]

Very good video. Tennants are people, it must never be forgotten. Very important message, and I’m glad you made this video

[@socialmediaco5511]

Graham always make learning about finance so fun and interesting! I genuinely aspire to be like him in his videos one day!

[@luxdude4449]

One day you'll get there man

[@101doggie2]

agree completely

[@1caseonly481]

that's exactly why he's so great

[@SixFilthy]

7:44 2nd time I smashed the like button. Turned grey tho. 😂

[@66block84]

As a retired technician, we used to say, "Murphy works everywhere & doesnt take a day off". What can break, will.

[@kazigma]

Hey. Been looking and listening to your videos for some weeks now. Just giving positive vibrations for your amazing work and channel. Thanks bud

[@kazigma]

@@shekharmoona544 of course

[@RachaelLyn]

I'd love to be a landlord someday, but I may be too nice for it.

[@RachaelLyn]

@Eitan Tal You are so right!

[@ScubaCody]

I just evicted 4 people from my house because they didn’t pay, at least they left the place nice and clean.

[@ScubaCody]

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

[@BySixa]

If you evict them for not paying are they still liable to pay that or do you just have to take the financial hit?

[@ScubaCody]

Mark I’m not exactly the person to ask for that specifically but I just took the hit.

[@inhawaii4941]

Consider yourself lucky

[@inertiaforce7846]

Evicted a tenant and he trashed my property. Got a judgment but don't know if it will be collectible.

[@kleishor6868]

Im glad I live in a state where garbage disposals are not popular.

[@Lycan3303]

hoping to become a land lord early next year

[@thattannerguy856]

Great tips! Just started my 3rd year as a Landlord, thankfully I've had great tenants so far! (Knock on wood)

[@GrahamStephan]

NICE!!

[@elizabetha8565]

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...

[@cherrytung]

I've never heard that before and I was a renter in LA

[@ajm935]

This is not true, but CA does have some of the most pro tenant laws in the country.

[@Cahluvca]

CA is is pro tenant over landlords

[@waterheaterservices]

Glorious revolutionary humanist socialist people's California. To be expected. Invest elsewhere.

[@joebelladonna9603]

Landlords definitely can charge late fees in CA, but there is a percentage based cap on what those late fees are.

[@gullatteacres2555]

Incredibly helpful!

[@joshuadewaal]

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.