new LL in Ky
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new LL in Ky (by kathy [KY]) May 29, 2008 7:38 AM
       new LL in Ky (by Ellie [IL]) May 29, 2008 8:41 AM
       new LL in Ky (by sid [MO]) May 29, 2008 9:25 AM
       new LL in Ky (by 16west [MN]) May 29, 2008 9:44 AM
       new LL in Ky (by Dale [KY]) May 29, 2008 11:21 AM
       new LL in Ky (by Red [GA]) May 29, 2008 11:25 AM
       new LL in Ky (by Stew [LA]) May 29, 2008 4:39 PM
       new LL in Ky (by JOE [GA]) May 29, 2008 6:07 PM
       new LL in Ky (by Janet [KY]) May 29, 2008 10:15 PM
       new LL in Ky (by Janet [KY]) May 29, 2008 10:15 PM
       new LL in Ky (by otter [KY]) May 30, 2008 7:31 AM
       new LL in Ky (by billy button [MA]) May 30, 2008 7:59 AM
       new LL in Ky (by kathy [KY]) Jun 1, 2008 2:51 AM
       new LL in Ky (by 16west [MN]) Jun 6, 2008 8:08 PM
       new LL in Ky (by kathy [KY]) Jun 7, 2008 2:02 AM


new LL in Ky (by kathy [KY]) Posted on: May 29, 2008 7:38 AM
Message:

State Specific Question About: KENTUCKY (KY)

I am a new LL in Louisville Ky who knows almost nothing about the real estate game.I've tried to talk to a couple of LL in my area and they act like sharing any info with me would be breaching national security.Is there any LL out there in my area that would please take me under their wing?I am not a threat,I only have one little residential home for rent.Sincere thanks. --72.147.xxx.xx




new LL in Ky (by Ellie [IL]) Posted on: May 29, 2008 8:41 AM
Message:

Welcome Kathy. You have found the right place. The landlords here will be happy to offer free advice and guidance.

I would recommend searching for the Newbie Tips posted here quite frequently. Also you might want to look at the following sites adding the appropriate 3 w's etc in front

tenant.net/Other_Areas/Kentucky/ltguide.html

lrc.ky.gov/KRS/383-00/CHAPTER.HTM

louisvillelaw.com/topical/landlord.htm

--64.218.xx.xx




new LL in Ky (by sid [MO]) Posted on: May 29, 2008 9:25 AM
Message:

Hi Kathy, this is definitely the place to be for a new LL. Time to get very busy learning your local and state landlord (LL) tenant law. There is a link at the top of this page that takes you to all of the state web sites. Read all the laws at least twice, then print them out and store them in a binder for future reference.

Visit this site twice daily and read everything you can. Most common topics (rent amount, evictions, repairs, etc) have been covered numerous times, so don't take offense if somone tells you to search the past postings. You can always ask a question, but sometimes we'll ask you to "do your homework" first and then ask for clarification.

Land lording can be a rewarding / frustrating business. The thing you don't want to do is go in uninformed, and sadly most of it is learn as you go. Start networking with local help: find an experienced lawyer who specializes in LL / tenant issues (evictions!), get a line on a HVAC (air and heat) contractor, an honest plumber is also a must-have. Shop around now for a good handyman as well unless you plan to do the work yourself (and know what you're doing).

Read up on local housing code so you don't run up against health/safety violations.

Decide now on your personal response to tenant "stories". How will you screen a tenant? What questions are most important: credit, references, income/employment, criminal background, all of the above (correct answer!)? How long will you allow tenants to be late on rent? What late fees will you charge and are they legal? How long will you wait after a tenant is late to send notice to pay or leave?

As you can see, many many questions. You need to do everything in your power to learn the answers now, or at least get people lined up who can provide you answers quickly and accurately.

Good luck and happy renting! --168.166.xx.xx




new LL in Ky (by 16west [MN]) Posted on: May 29, 2008 9:44 AM
Message:

Hello Cathy, and Welcome!!

Ellie is right, youíve come to the right place. I know how you feel. I was a brand new LL two years ago, but unlike you, I had no idea how clueless I was.

Use the search box at the top of the Q&A screen and find; 1st time landlord (by Gulf [FL]) Posted on: Sep 13, 2007 7:32 PM . This post boils down LLing to a nutshell.

There are three books you should purchase.

Landlording; by :Leigh Robinson

The Landlords Survival Guide; by Jeffery Taylor

The Landlords Kit; by Jeffery Taylor

These can be purchased on this sight at a nice discount. You can also get them at Amazon or your local Barns and Noble.

Your local library should have a copy of Noloís Legal guide for landlandlords or its equivalent for Kentucky.

Above all remember; The Landlord is in charge, The tenant is not.

--204.72.xxx.xxx




new LL in Ky (by Dale [KY]) Posted on: May 29, 2008 11:21 AM
Message:

Hi Kathy. I'm from Louisville. I'm still learning from some others and I'm not the best teacher.

Keep reading here and take some of it with a grain of salt. A lot of the advice here is great. Much of it might not pertain to us in this town.

If you havenít already, check out the local Real Estate Association at kreia.com. They have meetings once a month at Mastersons on 3rd Street. You can join for a yearly fee or just pay something like $20 per meeting which includes a meal. You can meet hundreds of people there. Iím sure someone would be nice enough to help you out.

--199.62.x.xxx




new LL in Ky (by Red [GA]) Posted on: May 29, 2008 11:25 AM
Message:

A local mentor would be nice no doubt, but this site and the books offered here are an excellent alternative. Read as much as you can stand and ask questions. --71.236.xx.xx




new LL in Ky (by Stew [LA]) Posted on: May 29, 2008 4:39 PM
Message:

Welcome to the site kathy! --68.114.xxx.xx




new LL in Ky (by JOE [GA]) Posted on: May 29, 2008 6:07 PM
Message:

Congratulations help is on the way --205.188.xxx.xxx




new LL in Ky (by Janet [KY]) Posted on: May 29, 2008 10:15 PM
Message:

Welcome Kathy, I love Lousiville. I am a big horse lover.

What is your first question for us? --74.236.xxx.xxx




new LL in Ky (by Janet [KY]) Posted on: May 29, 2008 10:15 PM
Message:

Welcome Kathy, I love Lousiville. I am a big horse lover.

What is your first question for us? --74.236.xxx.xxx




new LL in Ky (by otter [KY]) Posted on: May 30, 2008 7:31 AM
Message:

Welcome, Kathy; I'm about 60 miles due east of you and have several LL friends in L'ville who've been helpful; however, those here in my small town are awfully closed-fisted; maybe afraid I'll monopolize their unadvertised handyman or plumber???

I know for a fact there's a good (if pricey) LL assn. there, but you'll get all the free advice you can stand on any topic right here; everyone is wonderful -- well, almost everyone is wonderful -- and supportive; you've found the right place.

So what got you starting in LLing; was this a long-time ambition or accident of the market? Where's your rental? I flirt with the idea of buying a SF rental there for later occupancy since I'd like to relocate.

Heck, we have enough for a KY convention??? --162.114.xx.xx




new LL in Ky (by billy button [MA]) Posted on: May 30, 2008 7:59 AM
Message:

get landlording as suggested above. robinson has hundreds of tenants and has been doing this for decades.u can get it on "books"above.get a book on landlord tenant law in your state.maybe a local guy can give u a title.come back here several times a week.ask and learn.see terrys tips for landlords posted several times a month.lots of good info there.best wishes to u kathy --208.58.x.xx




new LL in Ky (by kathy [KY]) Posted on: Jun 1, 2008 2:51 AM
Message:

Wow! Your responses have been great.I'm about to post my ad for a SF home for the very first time.Been reading some other ads for rental property to gain some insight on what to say.I noticed in one ad the LL said "if you are a scammer the FBI will be contacted".What did he mean by this?It was a internet ad.Appreciate your thoughts. --68.210.xxx.xxx




new LL in Ky (by 16west [MN]) Posted on: Jun 6, 2008 8:08 PM
Message:

Itís a nice little threat, but the FBI canít do anything about scams and the scammers know it. Scams are a common topic here. I posted ĖScammer 101-. Read that and the other posts about scams and you will be well informed. --204.72.xxx.xxx




new LL in Ky (by kathy [KY]) Posted on: Jun 7, 2008 2:02 AM
Message:

Thanks for the eye opener.It's a shame hard working people who are running a legitimate business are prayed upon by the hustlers.Live and learn and keep your eyes wide open. --74.129.xxx.xxx





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