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MR Landlord's  Getaway Cruise
Recent Polls:


What helps you get the most EXTRA income?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    48% A. Late fees
    8% B. Extra rent for use of garage
    10% C. Offering upgrades or bonus services
    26% D. Accepting pets for additional rent
    7% E. Bi-weekly or weekly payment terms

 

Which aspect of landlording is your biggest challenge?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    7%A. Resident Retention
    22% B. Getting All Your Money
    34% C. Property Maintenance/Repairs
    24% D. Finding Qualified Residents
    13% E. Tenant Problems Other Than Non-Payment

 

Do you use the "carrot" or the "stick" to get on-time payments?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    8%A. Reward on-time payments with a rent discount or rebate.
    65% B. Penalize late payments with a late charge.
    22% C. I use a combination of both methods (offer discount AND charge late fee).
    4% D. I reward on-time payments only once a year after 12 on-time payments.
    1% E. I do a monthly raffle and reward only one "winning" resident each month selected from all who paid on-time.

 

What is the average size of the tenant household in your rentals?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    12%A. 1 resident
    38%B. 2 residents
    33%C. 3 residents
    14%D. 4 residents
    3%E. 5 or more residents

 

How much security deposit do you currently require from new residents?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    1% A. I do not require a deposit.
    25% B. Less than one months rent.
    51% C. Equivalent to one months rent.
    17% D. Little more than one months rent.
    6% E. Two months rent (If permitted by law).

 

Visitors want to know who visits our site. What is your age?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    21% A. 18 to 30
    28% B. 31 to 40
    31% C. 41 to 50
    16% D. 51 to 60
    4% E. 61+

 

Are all landlords really rich? What is your net worth?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    5% A. Negative Net Worth
    22%B. $0 to $100,000
    42%C. $100,000 to $500,000
    15%D. $500,000 to $1 Million
    16%E. Over $1 Million

 

How long have you owned or managed rental property?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    8%A. Less than 1 year
    31%B. 1 to 3 years
    27%C. 4 to 10 years
    20%D. 11 to 20 years
    14%E. Over 20 years

 

How many rentals/units do you own or manage?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    5%A. None yet
    36%B. 1 to 5
    14%C. 6 to 10
    25%D. 11 to 25
    20%E. 26 or more

 

What is your average amount of positive cash flow per home or per unit (after ALL expenses)?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    2%A. Most of my rentals have a negative cash flow.
    8%B. $1 to $49 per month
    18%C. $50 to $99 per month
    42%D. $100 to $199 per month
    31%E. Over $200 per month

 

Which "category" of resident has caused landlords the most problems or they consider the biggest risk?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    14%A. Smoker
    12%B. Lawyer
    22%C. Section 8
    29%D. Pet owner
    23%E. First time renter -- no previous rental history.

 

Once residents get behind in rent, how many days before there is little/no chance of them paying?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    12%A. 7 days
    27%B. Two weeks
    42%C. One month
    9%D. Six weeks
    9%E. Two months

 

How much formal education do landlords complete?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    3%A. I did not complete high school.
    19%B. High School
    24%C. Two years of college.
    35%D. Bachelor's degree
    20%E. Post graduate work.

 

Of five popular software management programs, which one has been most helpful?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    42%A. RentRight
    36%B. Tenant File
    4%C. Tenant Pro
    9%D. Promas
    9%E. Peak Property Mgmt.

 

When buying rental properties, how close to you do you prefer to keep them?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    64%A. Within 10 miles
    26%B. Within 30 miles
    6%C. Within 60 miles
    0%D. As long as it is within the same state.
    4%E. Any state, if the deal is good enough.

 

How many pages is your rental agreement/lease?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    29%A. 1 or 2 pages
    29%B. 3 or 4 pages
    19%C. 5 or 6 pages
    13%D. 7 or 8 pages
    10%E. More than 8 pages

 

How much landlording do you do each week (on average)?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    29%A. Part time - less than 10 hours per week
    16%B. Part time - 10 to 20 hours per week
    14%C. Part time - 20 to 35 hours per week
    11%D. Full time - 36 to 50 hours per week
    5%E. Over time - More than 50 hours per week

 

How many prospects do you talk with before renting a vacancy?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    16%A. 1 or 2 prospects
    38%B. 3 or 5 prospects
    23%C. 6 or 10 prospects
    12%D. 11 to 20 prospects
    11%E. More than 20 prospects

 

Have many times have you been threatened with a tenant lawsuit?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    51%A. Never
    22%B. Once
    10%C. Twice
    4%D. Three times
    13%E. More than three times

 

How much deposit do landlords give back?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    22%A. I almost always give back ALL the deposit.
    34%B. I usually give back MOST of the deposit.
    28%C. Most of the time I have to withhold some of the deposit.
    11%D. Due to damages, I usually have to KEEP most of the deposit.
    5%E. I almost never give back any of the deposit.

 

How do landlords collect their rent?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    14%A. I pick it up.
    24%B. Residents brings it to me.
    53%C. Residents mail the rent.
    6%D. Residents take it to the bank or another 3rd party location.
    3%E.Automatically by bank draft or electronic transfer or payroll deduction or credit card.

 

How much were landlords recent rental increase?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    2%A. I actually lowered the rent to keep a tenant.
    23%B. Last tenant that came up for renewal, I kept rent the same.
    45%C. Raised the rent between 3 to 5%.
    18%D. Raised the rent between 6 to 10%
    12%E. Raised the rent more than 10%

 

Why do people buy real estate?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    12%A. Extra cash flow to supplement my full-time job.
    44%B. Have enough rentals so I can work for myself.
    4%C. I buy so I can sell for quick or big profits.
    37%D. Mainly to provide retirement income.
    3%E. I want to have real estate to hand down to my children.

 

How do landlords prefer to hold title to property?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    40%A. In my own name.
    41%B. In a LLC
    9%C. In a Land Trust
    4%D. In a Corporation
    6%E. In a Living Trust

 

Are you a member of a local real estate association?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    16%A. Yes, and I play a very active role.
    38%B. Yes, I am a current member.
    7%C. Former member, not currently.
    30%D. I wish to join one, but not aware of any.
    9%E. No, never joined and no interest in joining.

 

How much do you pay for annual association dues?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    30%A. $0 to $50
    34% B. $51 to $100
    24% C. $101 to $150
    5% D. $151 to $200
    7% E. Over $200

 

How much did your last vacancy cost you? (counting loss of income, repairs, advertising, etc)

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    12% A. $0 to $200
    13% B. $201 to $500
    22% C. $501 to $1,000
    20% D. $1,000 to $1,500
    33% E. More than $1,500

 

Which prospective resident would you take first?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    18% A. Single male with cat.
    7% B. Single male with dog.
    55% C. Single female with cat.
    20% D. Single female with dog.

 

Which prospective resident(s) would you take first?

ANSWERS (VOTES) FROM OUR WEBSITE VISTORS

    10% A. Relative or close friend.
    12% B. Applicant with poor to marginal credit.
    18% C. Two young roomates with no rental history.
    40% D. Section 8 resident.
    20% E. Lawyer or law student.

 

What percentage of your residents actually paid by the first?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    12%A. 100%
    27%B. 75% to 99%
    25%C. 50% to 74%
    14%D. 25% to 49%
    22%E. Less than 25%

 

Which major insurance companies do landlords use for their rentals?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    13%A. Allstate
    9% B. Farmers
    7% C. Nationwide
    33%D. State Farm
    38%E. Other

 

How much do you pay to do a tenant credit check?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    36%A. Less than $10
    20% B. $11 to $15
    15% C. $16 to $20
    19%D. More than $20
    10%E. I don't do credit checks.

 

For new investors, what do you recommend as their first rental?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    4%A. Renting out a room in their residence
    38% B. Single Family House
    42% C. Duplex
    12%D. 3 or 4 Family Building
    4%E. Small Apartment Building

 

How much of your own money did you use to buy your last property?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    24%A. None
    19% B. No more than 5%
    21% C. 6% to 10%
    17%D. 11% to 20%
    19%E. More than 20%

 

After a few years of landlording, what would YOU rather own?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    27%A. 20 single family rentals
    14% B. 10 duplexes
    17% C. 5 four- family buildings
    12%D. 2 ten unit apt. buildings
    30%E. 1 twenty unit apt. building
Which political party do landlords mostly identify with?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    24% A. Democrat
    59% B. Republican
    7% C. Libertarian
    8% D. Independent
    2% E. Other
How much did their biggest landlording mistake cost rental owners?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    29% A. $500 to $1,000
    26% B. $1,001 to $2,500
    20% C. $2,501 to $5,000
    11% D. 5,001 to $10,000
    14% E. More than $10,000
When do landlords most consider giving residents a small gift?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    19% A. Never
    12% B. At Move-in
    48% C. Holiday Season
    9% D. Anniversary Date
    12% E. Reward for Referral
When running a classified ad, which week of the month generates most calls?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    17% A. 1st week
    15% B. 2nd week
    29%C. 3rd week
    21%D. 4th week
    18% E. Have not noticed any difference.
When running a classified ad, which DAY of the week generates the most calls?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    61% A. Sunday
    11% B. Monday
    8% C. Wednesday
    7% D. Friday
    13.% E. Saturday
Who does your taxes?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    6% A. I do with pencil and paper.
    34% B. Turbo Tax (or similar software)
    9% H & R Block (or similar franchise)
    19% D. Accountant
    32% E. CPA

How much do you spend on maintenance/repairs per unit, per year?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    5% A. Up to $100
    27% B. $101 to $300
    30% C. $301 to $500
    18% D.$501 to $750
    20% E. $751 to $1,000
How much do you PUSH renter's insurance?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    16% A. We do not bring up the subject.
    34% B. We suggest it to new residents.
    39% C. We strongly recommend it to residents.
    11% D. We require it of all residents.
Who is your favorite type of motivated seller that you look for?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    18% A. Absentee landlords
    32% B. Owners with financial problems
    16% C. Owners (selling without an agent)
    10% D. Folks with family problems (i.e., divorce)
    2% E. Landlords advertising homes for rent
    3% F. Homeowners who get job transfers
    14% G. Inherited property owners
    5% H. Elderly
How much off 1st month's rent have you offered to fill a vacancy?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    75% A. None
    5% B.One week free
    8% C. Two Weeks free
    2% D. Three Weeks free
    10% D. One Month Free
Have you ever carried a gun in connection with your rental business?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    59% A. No
    26% B. Yes
    15% C. No, but I'm seriously considering it.
Do you have any Spanish speaking residents?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    58% A. Yes
    35% B. No
    7% C. No, but I probably will within a year.
If resident dies in your rental, do you disclose that to next applicants?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    19% A. Yes
    81% B. No
How much net ANNUAL rental income would you need to be happy?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    2% A. $10,000
    7% B. $25,000
    19% C. $50,000
    45% D. $100,000.
    20% E. $250,000.
    7% F. $500,000
    0% G. $1,000,000
Who does your taxes?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    6% A. I do with pencil and paper.
    34% B. I do with help of tax software.
    13% C. I use a tax service.
    47% D. I use a C.P.A.
What percentage of your renters have purchased homes in the last 12 months?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    68% A. Less than 10%
    15% B. 10% to 25%
    7% C. 25% to 50%
    4% D. 51% to 75%
    6% E. Over 75%
Where did you get the rental agreement or lease you are using?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    12% A. From an attorney.
    18% B. From another landlord.
    16% C. From Landlord's Kit or another real estate book.
    6% D. From a property manager.
    12% E. From an office supply store.
    15% F. From MrLandlord.com or another website.
    21% G. From a real estate association.
How much monthly income do you require of rental prospects?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    17% A. 2 times the amount of rent.
    14% B. 2.5 times the amount of rent.
    52% C. 3 times the amount of rent.
    8% D. 3.5 times the amount of rent.
    9% E. 4 times the amount of rent.
In addition to landlording, do you work a regular full-time job?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    70% A. Yes, I still work regular jobs full time.
    12% B. I work part-time along with landlording.
    18% C. I only do landlording.
Do you request eviction reports on a prospective residents?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    36% A. Yes
    35% B. No
    29% C. Not yet, but I will since they are now available through this website.
Do you carry business cards for your landlording business?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    54% A. Yes
    46% B. No
Who did landlords vote for president in the 2004 election?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    61% A. George Bush
    35% B. John Kerry
    2% C. Ralph Nader
    2% D. Other
What was your first rental?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    53% A. Single family house.
    41% B. 2, 3 or 4 family building.
    6% C. Five units or bigger.
How many bounced checks have you received from residents this year?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    44% A. None
    33% B. 1 or 2
    14% C. 3 to 5
    5% D. 6 to 10
    4% E. More than 10
Do you own residential rentals or commerical properties?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    80% A. Residential Only
    2% B. Commercial Only
    18% C. Both
Have you ever had a tenant skip out on you without paying?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    84% A. Yes
    16% B. No
What is the lowest amount you ever evicted a resident for?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    10% A. $50 or less.
    5% B. $51 to $100.
    9% C. $101 to $200.
    12% D. $201 to $300.
    18% E. $301 to $500.
    46% F. Over $500.
Have you ever bought a property with NONE of your own money?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    50% A. Yes
    50% B. No
Have you ever advertised a vacancy on the internet?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    67%A. Yes
    33%B. No
On average, how long do you take to show a rental to a prospect?

ANSWERS (VOTES) FROM OUR WEBSITE VISITORS

    4% A. Less than 5 ninutes.
    21% B. 5 to 10 minutes.
    35% C.10 to 15 minutes.
    32% D. 15 to 30 minutes
    8% E. More than 30 minutes.
 


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