LANDLORD PROFILE INTERVIEW
SEARCH THIS SITE

Chat Room
First Time Visitors
Gold Club Members
Questions & Answers
New And Hot
Tell A Friend
Surveys & Forms
Landlord of the Month
Visitor Comments
Landlord Cruise


Weekly Tip
Free Newsletter
Rental Form
Sample Lease
Special Report
Lead Paint Pamphlet
Weekly Email Update
Landlord/Tenant Law
Win A Free Book


Mr. L. Subscription
Landlord Books
Financial Calculators
100 Rental Forms
Mgmnt. Software
Rental Application
Cash Flow Analyzer
List Your Vacancy
Landlord Bootcamp


For New Landlords
State-Specific Forms
Suppliers
Top Ten Bestsellers
Home Study Courses
Authors/Advisors
Partner With Us
Mr. L. Seminars


Tenant Credit Reports
Direct Rent Deposits
Auto Rent Drafts
Collect Bad Checks
Report Bad Resident
Tax Assistance
Judgment Collections
Property Managers


Find an Association
Free Speaker
Affiliate Program
Free Monthly Column
Free Newsletters
Improve America
Success Stories
Website Wish List


    LANDLORD PROFILE INTERVIEW:

    Name:
    Cathy Blight

    City:
    Howell

    State:
    Michigan

    Any Unique 'Local' Landlord Requirements?
    We pay an extra 18 mils property taxes on investment property in Michigan.

    Number of Rentals?
    6

    Years of Landlording Experience?
    12

    Hardest Job?
    Having to evict a tenant. Expensive, time consuming and stressful!

    Your Biggest Mistake?
    Agreeing to allow a tenant to finish the basement of a realtively new single family home in return for one months rent upon completion of the job. Two years later it still wasn't finished. When we inspected the site we discovered that although he had turned in receipts for construction supplies for "rent credit."... much of it was gone! He had returned the supplies to the store for cash! We ended up getting rid of the tenant and hiring a professional to finish the job. (AND redo the tenants substandard work!) Needless to say, we no longer trade rent for work.

    New Landlord Advice?
    Check and re-check a prospective tenants credit, background and references....... surprise! ........ people lie!

    Favorite Type of Resident?
    Divorced, middle aged male whose kids are grown and gone. (no child support) There is very llttle wear and tear on the unit because he's rarely home (it's a lonely place). The rent is never late because he's at the peak of his earning years with no family to support. And he rarely calls for minor repairs. (He knows how to fix things and he would rather do it himself than wait for a service tech.)

    Best Way to Find/Attract Residents?
    Advertise EVERYWHERE...... want ads, internet, flyers, BIG ATTRACTIVE sign in front. I even hang flower baskets on the sides of the signs! Make it pretty! ALWAYS have info sheets in a tube on the sign (you can get the tubes at Home Depot or Lowes).

    Favorite Application Question?
    "Why are you moving?" The answer to this one can reveal a lot!

    One Way to Keep Good Residents?
    SERVICE, SERVICE, SERVICE! Don't wait a week to fix that leaky faucet! Return calls PROMPTLY. Make sure your properties are always in tip top shape. You'll attract a better clientele.

    Favorite Rental Clause?
    The paragraph that allows me to "amend" the rules at anytime. With proper notice of course.

    Money Making Cash Flow Tip?
    Bi-weekly instead of monthly rent payments. Best if direct rent deposit is allowed.

    Money Saving Maintenance Tip?
    This sounds like a no-brainer, but I am amazed at how many landlords DON'T do this. A lease clause that makes the tenant responsible for any repairs made at any time that are his/her fault (i.e. the backed up toilet that ends up being due to little Johnny's sock) With this clause, they think twice about calling YOU to fix a problem THEY caused.

    How Do You Encourage On-Time Rents?
    The standard $50.00 "prompt pay" discount AND a $15 per day late fee. The seven day "notice to quit / demand for posession" goes out if they have not paid by the 3rd.

    How Have You Collected Past Due Rent?
    Sending out the "notice to quit /demand for posession" usually does the trick.

    Trick A Tenant Played On You?
    Several years ago, a tenant called to beg for "just a couple more days" to pay the rent and related a long, complicated story about her husbands paycheck being in his wallet which was "locked up at the plant"... etc . etc. I bought their story and allowed it. The next day they abandoned the property and closed on a new home.
    P.S. Divine retribution! They lost the home in foreclosure about a year later! (I guess the late payment stories didn't work with the bank)....... And I no longer accept ANY excuses for late rent!

    Favorite Real Estate Book?
    "Buying and Managing Rental Property" it's an oldy but a goody.

    What's Rewarding About Being A Landlord?
    Being your own boss. Controlling your own destiny.

    How Has MRLANDLORD.COM helped you?
    Great tips. Wonderful advice! AND it's also fabulous "group therapy".

 


| HOME | Q&A | TOOLBOX | SERVICES | EVENTS | FREE | LAWS |
| NEW VISITORS | BOOKS | RENTAL FORMS | SOFTWARE | SUPPLIES|
| CREDIT REPORTS | GIFTS | CUSTOMER SERVICE | CONTACT EDITOR |
| ABOUT US | ASSOCIATIONS |ADVERTISERS |DISCLAIMER |

Copyright (c) 1998-2018 MRLANDLORD.COM All rights reserved.

Join Newsletter Email List
Email:  
MrLandlord.com
Box 64442
Virginia Beach, VA 23467
Order Line, 800-950-2250 (24 hours)
Customer Service,757-436-2606 (9-4 EST)
CustomerService@mrlandlord.com

Top Ten Bestsellers
#1 Gold Club Newsletter Membership / Subscription (2 months Top Ten)
Click any item to view
10% discount when
you buy any 3 items
Customer Service

#2 MILLIONAIRE TAX STRATEGIES FOR REAL ESTATE INVESTORS (1 month Top Ten)
#3 Buy and Rent Foreclosures (2 months Top Ten)
#4 MRLANDLORD.COM RENTAL FORMS (CDROM PLUS HARDCOPY) (1 month Top Ten)
#5 525 Rehab, Repair, and Maintenance + Bonus CD (2 months Top Ten)
#6 Section 8 Bible Combo Offer (2 months Top Ten)
#7 PREMIER LLC's - What Every Real Estate Investor & Entrepreneur Needs to Know! (1 month Top Ten)
#8 Landlording on Autopilot Combo Offer (2 months Top Ten)
#9 LANDLORD MARKETING SECRETS PLUS DVD (1 month Top Ten)
#10 3

Comments From Landlords:

  • "Everyone has helped me so much on this site. THANK YOU EVERYONE....I love MRLANDLORD site. Dont know how I got by without it before..."
  • "Great stuff on this site, and getting better all the time. A good example is the new reporting service to The Big Three for bad debts. I am a fierce hunter of tenants who steal from me, and this will be one of the best tools in the box. Lots of good friends here and I enjoy the different points of view. I often quote information from posters on the Q & A forum."
    Brad, MO.
  • "I love this site. It has so much information for those of us who want to get into the landloring business the 'professional' way."
    Emeka, NY.