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    LANDLORD PROFILE INTERVIEW:

    Name:
    Erik Truxon

    City:
    Philadelphia

    State:
    PA

    Any Unique 'Local' Landlord Requirements?
    Must use a "plain language" lease.

    Number of Rentals?
    21

    Years of Landlording Experience?
    2

    Hardest Job?
    Finding good human resources and/or reliable contractors.

    Your Biggest Mistake?
    Not "improving" my credit before getting started.

    New Landlord Advice?
    Screen your tenant, screen your tenants, screen your tenants...

    Favorite Type of Resident?
    Single mail above 40 years old.

    Best Way to Find/Attract Residents?
    Flyers posted in local churches.

    Favorite Application Question?
    Why are you moving?

    One Way to Keep Good Residents?
    Monthly newsletter along with contests and recognition of holidays, birthdays of tenants.

    Favorite Rental Clause?
    After 3 late payments within 1 year, your rent will be increased $25.

    Money Making Cash Flow Tip?
    Offering "Payday" rent payment plans.

    Money Saving Maintenance Tip?
    Seperate all utilities and make tenants responsible for all minor repairs.

    How Do You Encourage On-Time Rents?
    $25 or $50 rent discount for paying on time and taking responsibility of minor repairs.

    How Have You Collected Past Due Rent?
    Pay rent or quit letter and filing eviction.

    Trick A Tenant Played On You?
    Calling Fair Housing and after I inspected the place, doing damage and calling L&I to get it documented.

    Favorite Real Estate Book?
    Rich Dad, Poor Dad

    What's Rewarding About Being A Landlord?
    Watching my income and net worth increase, making my own hours and providing affordable housing for good people.

    How Has MRLANDLORD.COM helped you?
    The Q&A Forum is excellent and I've gotten a couple of workshops and books off of the Catalog Section of site. And I found out about (and attended) the Landlord Cruise after learning about it from this website. Just about all the ideas, I've implemented in landlording are due to this site.

 


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Comments From Landlords:

  • "I first want to THANK YOU! Your site is awesome. I have learned more since I have visited your site in one or two days then I have in my whole 10 yrs. dealing with rental properties. Many, Many Thanks keep up the good work."
  • "I want to express my gratitude to all of you and others who have answered my questions from this site. This site is a blessing to us all, both to the new and the old, to the beginner and veteran, to the rich and to those who wanted to become wealthy through real estate knowledge. Most of all I want to thank Jeffrey for his creativity and insight in helping us. May we continue building our wealth by helping others. Grace and peace multiply to each and everyone of us as we harvest the wealth of the land and help others do the same thing and shelter those who are in need of rental properties."
  • "I've only been a LL for 1.5 years. I searched all the websites I could find during that time. I've learned more from this site than any other. I no longer surf the net looking for info. I come here! I'll tell ya, there are none better than Mr. LL. So to all you neophytes...don't waste your time with the others. Stick with the best. Jeffrey...my hat is off to ya!"
    Dennis, VA.