 Best advice from forum (by NE [PA]) Jun 12, 2017 3:49 PM
 Best advice from forum (by Sisco [MO]) Jun 12, 2017 4:33 PM
Best advice from forum (by Mr. T [IN]) Jun 12, 2017 5:12 PM
Best advice from forum (by WMH [NC]) Jun 12, 2017 5:27 PM
Best advice from forum (by Shelby [IA]) Jun 12, 2017 6:18 PM
Best advice from forum (by Dave [MO]) Jun 12, 2017 7:06 PM
Best advice from forum (by MikeA [TX]) Jun 12, 2017 7:32 PM
Best advice from forum (by LindaJ [NY]) Jun 12, 2017 8:19 PM
Best advice from forum (by Janet [KY]) Jun 12, 2017 9:18 PM
Best advice from forum (by RentsDue [MA]) Jun 13, 2017 4:10 AM
Best advice from forum (by Pam [KY]) Jun 13, 2017 6:09 AM
Best advice from forum (by TIM [IN]) Jun 13, 2017 6:39 AM
Best advice from forum (by Johnny B. [MA]) Jun 13, 2017 6:51 AM
Best advice from forum (by Steph [KS]) Jun 13, 2017 7:43 AM
Best advice from forum (by busy, busy, busy [WI]) Jun 13, 2017 8:15 AM
Best advice from forum (by S i d [MO]) Jun 13, 2017 9:03 AM
Best advice from forum (by Doogie [KS]) Jun 13, 2017 10:28 AM
Best advice from forum (by Amy [MO]) Jun 13, 2017 10:37 AM
Best advice from forum (by Ray-N-Pa [PA]) Jun 13, 2017 2:44 PM
Best advice from forum (by Andrew, Canada [ON]) Jun 15, 2017 6:41 AM
Best advice from forum (by Luba [NY]) Jun 15, 2017 7:09 AM
Best advice from forum (by laura [MD]) Jun 15, 2017 10:12 AM
Best advice from forum (by Lucy [IN]) Jun 17, 2017 9:57 AM
Best advice from forum (by NE [PA]) Posted on: Jun 12, 2017 3:49 PM
Message:
What is the best piece of advice you ever got from this forum?
I'd say for me it's probably the self rent rent raise idea.
Another one is letting all calls go to voicemail.
Also how to weed out deadbeats over the phone like a ninja. (Took some time to develop the procedure.) --74.46.xx.xx |
Best advice from forum (by Sisco [MO]) Posted on: Jun 12, 2017 4:33 PM
Message:
Thanks to this discussion forum, I have improved my operation in so many areas that selecting a "best" is impossible. --72.172.xxx.xx |
Best advice from forum (by Mr. T [IN]) Posted on: Jun 12, 2017 5:12 PM
Message:
I have received outstanding tips from this forum in regard to screening such as: 1) How to handle service dogs and emotional support animals 2) putting "co-signers" right into the lease instead of an addendum, and 3) taking pre-screening info through your web site instead of screening over the phone. --67.236.xxx.xx |
Best advice from forum (by WMH [NC]) Posted on: Jun 12, 2017 5:27 PM
Message:
GO TO THE CONVENTIONS! GO TO THE BOOT CAMP! GO TO THE RETREATS! --173.22.xx.xx |
Best advice from forum (by Shelby [IA]) Posted on: Jun 12, 2017 6:18 PM
Message:
Not to collect rent at home, I started a bank account for rent and secondly the jotform for applications. --173.26.xx.x |
Best advice from forum (by Dave [MO]) Posted on: Jun 12, 2017 7:06 PM
Message:
Several good tips f ok this board
ETF
Deposit only account
The conventions
Meeting friends on here in person
That's just a few. --174.126.xx.xxx |
Best advice from forum (by MikeA [TX]) Posted on: Jun 12, 2017 7:32 PM
Message:
The landlord is in charge, the tenant is not. Words to live by
close running is the "happy clause" which I have used a few times over the years --74.196.xx.xxx |
Best advice from forum (by LindaJ [NY]) Posted on: Jun 12, 2017 8:19 PM
Message:
"Happy clause" and Allure for flooring (sorry myob!) --96.236.xx.xx |
Best advice from forum (by Janet [KY]) Posted on: Jun 12, 2017 9:18 PM
Message:
Don't wait to evict, do it now.
The LL is in charge, the tenant is not.
How to clean crayon off the wall, gum out of
the carpet ect.
How to screen over the phone.
These are just a few of my favorites.
--74.236.xxx.xxx |
Best advice from forum (by RentsDue [MA]) Posted on: Jun 13, 2017 4:10 AM
Message:
Other things I've learned here:
Stay away from women in the desert with shovels.
Don't rent to terrorists.
It's OK to drive a flashy car.
Stay out of California at all costs.
Stay out of Canada at all costs.
When it comes to MTM vs. 1 year lease, there is no right answer.
When it comes to LLC vs. Umbrella Policy, there is no right answer ( just get both).
When it comes to Emotional Support Animals.... there is a right answer. It's just illegal to say it.
--66.189.xx.xxx |
Best advice from forum (by Pam [KY]) Posted on: Jun 13, 2017 6:09 AM
Message:
Go month to month only. LIFESAVER. --174.103.xx.xxx |
Best advice from forum (by TIM [IN]) Posted on: Jun 13, 2017 6:39 AM
Message:
Long list.... been on here since 2004....
-allure flooring
-bank account, make them pay there
-no section 8
-lease initiation fee
-Early lease termination fee
-just follow the lease, remove the emotions...
-FB marketing
-website marketing
-advertising in general
-remove yourself from the operation because YOU are the obstacle to the business growing
-pex piping 101 by Radar(In)
-backsplashes and colors by sean(CA)
-don't invest in CA (Terry-CA)
Biggest change that happened in my land lording business was reading a post by Brad20K about 2010. Basically it a post to improve your game if you want to survive and thrive in this market... or die. I changed almost everything I did that year. --67.143.xxx.x |
Best advice from forum (by Johnny B. [MA]) Posted on: Jun 13, 2017 6:51 AM
Message:
I've been following this discussion board for about a year and have already learned a ton. Although I have truely learned from many people here, I am especially thankful to Steve[MA], as he is undoubtably an expert with Mass specific questions. One of my favorite things I have leaned thus far is the "pay day" rent option, where you divide the monthly rent in half and have that amount due every other Friday (26 payments). This system makes it easier for tenants that can't manage money, and enables the landlord to collect an additional (13th month) of rent. --174.192.x.xxx |
Best advice from forum (by Steph [KS]) Posted on: Jun 13, 2017 7:43 AM
Message:
Happy clause
Allure flooring recommendation --66.87.xx.xxx |
Best advice from forum (by busy, busy, busy [WI]) Posted on: Jun 13, 2017 8:15 AM
Message:
RentsDue, (MA) I'm going to be laughing for days.... --70.92.xxx.xxx |
Best advice from forum (by S i d [MO]) Posted on: Jun 13, 2017 9:03 AM
Message:
The best advice I've had is to come back here often and actively engage with other LLs. The camaraderie alone is worth it, but the tips and tricks are priceless, as well as the new strategies that alter our business profoundly. I'll share a few that have been particularly useful and profitable:
1) Don't chase rents. Tenants take payments to my bank and deposit.
2) Pet fees and pet rent. Cha-ching!
3) All calls go to voice mail. Listen. Think. Come up with a plan. Then respond. I can actually laugh at their messages too...which would be rude in person.
4) Google voice. Amazing. I don't like the new interface because it seems to be missing a lot of functionality the old version had, so I still use the Legacy version. I hope it doesn't go away any time soon (or ever!).
5) Wanna be right or rich? Thanks, Brad 20K. --173.19.xx.xxx |
Best advice from forum (by Doogie [KS]) Posted on: Jun 13, 2017 10:28 AM
Message:
Happy clause - by far. Took me a while to realize there will be someone else that wants the place, you don't have to "work with" a difficult tenant. --98.175.xxx.xxx |
Best advice from forum (by Amy [MO]) Posted on: Jun 13, 2017 10:37 AM
Message:
Best advice that CHANGED our operations in the past year alone:
1) no grace period.
2) actually following through on your lease for lease violations. Don't be afraid of your tenant!(or of losing one)
3)collecting rent via direct deposit. WE ARE INVOICE FREE! Ridiculously, I was doing that MANUALLY every month:/
4). Home inspection.
5). The push to get to know fellow LLs in the area.
6. How to make your rentals both nice, yet "tenant proof." And if not that, then how to charge for both blatant damage and tenants'days oops moments.
7. To salvage communications with your tenant by limiting them.
--107.77.xx.xxx |
Best advice from forum (by Ray-N-Pa [PA]) Posted on: Jun 13, 2017 2:44 PM
Message:
Best advice - it doesn't matter what you believe or think about FB......it works and your customers use it so you need to use it too --24.239.xx.xxx |
Best advice from forum (by Andrew, Canada [ON]) Posted on: Jun 15, 2017 6:41 AM
Message:
Learnt many things here, but one that comes to mind right now....install kitchen backsplashes.
Ive recently started doing that and what a difference it makes in the appeal.
I use basic beveled 3 x 6 white subway tiles and they really make the kitchen attractive. The annual return on the material costs is at least 50 percent......if you dont count the labor cost, which I supply for "free". --70.31.xx.xx |
Best advice from forum (by Luba [NY]) Posted on: Jun 15, 2017 7:09 AM
Message:
I did not know any landlords in person and any advice was priceless! This forum give courage to start.
If other can do this - I can do it too.
Screen, screen, screen!
Bank deposit.
--161.69.xxx.xx |
Best advice from forum (by laura [MD]) Posted on: Jun 15, 2017 10:12 AM
Message:
I have learned LOTS! Of the top of my head.... direct deposit for rents, zero tolerance for late rent, Allure for flooring and home visit is a part of screening. --186.4.xx.xxx |
Best advice from forum (by Lucy [IN]) Posted on: Jun 17, 2017 9:57 AM
Message:
This place has given me ideas, knowledge, and a backbone.
Remove carpet, put in Allure, Deal with issues in writing. (less emotion). the Q&A is undoubtedly the most important feature to use when you need some input. --69.160.xxx.xxx |
Reply:
|
|