By Ken Roth
Even more is going into the leasing of estate than simply putting an advert within the newspaper and accumulating hire. The winning Landlord offers readers with need-to-know details, from discovering reliable tenants to coping with the continuing tenant-landlord courting.
Combining a common-sense technique with must-have info, the ebook provides first-time and veteran landlords clever techniques for:
* appearing historical past and credits tests * atmosphere hire degrees * drawing up a rent * holding the valuables and warding off harm * constructing regulations for pets, furniture, safeguard, and utilities * advertisements on hand area * operating with estate managers * facing challenge tenants and diputes * and masses extra
Packed with kinds for rentals, letters, and different criminal files, The profitable Landlord offers readers the data and instruments to turn into winning, high-income landlords.
Read Online or Download The Successful Landlord: How to Make Money Without Making Yourself Nuts PDF
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Extra resources for The Successful Landlord: How to Make Money Without Making Yourself Nuts
Example text
They were hurt, but business is business. Basically, they had to choose whether they wanted the apartment to be a monument and tribute to their everlasting love or wanted to have it rented sometime before their twentieth anniversary. We assured them that the cast and crew of The Love Boat were not in the market for the apartment. Reluctantly, but wisely, they chose to get the apartment rented, and we accomplished it shortly thereafter, sans the distractions. 17 10577-The Successful Landlord 1/21/04 18 2:15 PM Page 18 The Successful Landlord Let’s assume that you have elected to remove the furniture and you have painted the walls white (over the irate objections of your brother-in-law).
It is a fallacy to believe those who say they don’t care about decoration; they just want to see if the property is suitable. They are kidding themselves and wasting your time. People, including professionals, are affected by decoration. That’s why “model apartments” in large rental complexes are decorated in the style the developer or leasing agency thinks will appeal to the majority of prospects visiting the property. A unit in South Beach, Florida, or the SoHo district of New York will be decorated differently from a cabin in the Colorado Rockies, a town house in London, or a split-level house in suburban Los Angeles.
I’m using a fairly upscale condominium, but whether you are talking about $3,000 or $300 per month, the analysis is still the same. What does a similar property in your neighborhood rent for? That is what you are looking for. Now let’s analyze our findings a bit further. As you can see, we have a lot of information. Some of it is extraneous, or at least of limited value. Essential is the fact that there are twenty-five apartments currently rented, of which ten units are similar to yours. That is good news, because it shows that there is a market for your style unit in your building.