LANDLORD PROFILE INTERVIEW:
Any Unique 'Local' Landlord Requirements?
Started by buying a rooming house and there are specific and unique requirements for that type of housing.
Number of Rentals?
Years of Landlording Experience?
Trying to get residents to always call the designated maintenance person first instead of me.
Your Biggest Mistake?
In tight money times, not buying the best quality product or service.
New Landlord Advice?
Be friendly and concerned but firm.
Favorite Type of Resident?
Slightly older female (30+)
Best Way to Find/Attract Residents?
Good locks, clean public space, modern, but not fancy rental.
Favorite Application Question?
One Way to Keep Good Residents?
Less than market rent increases, passing some savings of not turning unit over to the existing resident.
Favorite Rental Clause?
Take Christmas tree in and out rear exits wrapped in plastic or a sheet.
Money Making Cash Flow Tip?
Consider converting a rental home into a rooming house if it is permitted by local zoning.
Money Saving Maintenance Tip?
When handling maintenance complaints by residents, NEVER lose your cool especially if a resident is upset.
How Do You Encourage On-Time Rents?
Firmness - immediately following up with a Pay or Quit notice if necessary.
How Have You Collected Past Due Rent?
Again, immediate follow-up with formal eviction procedures if necessary. Because of this, late payments are rarely a problem.
Trick A Tenant Played On You?
Tried to get double payment plus interest for non-return of a deposit.
Favorite Real Estate Book?
Read many books over the years.
What's Rewarding About Being A Landlord?
Has created income and wealth that has sustained me over a long period.
How Has MRLANDLORD.COM helped you?
Provided numerous real estate reports in specialized areas that have been very informative.