Landlording for maximum profitability and Financial Independence
A Week in the Life…
What is it really like to follow me in my footsteps? Keep in mind, every day began with my real job, from ~8-~5. This is somewhat is a typical week, maybe even a bit slower than most. Follow me in a week in the life of a landlord. Continue reading “A Week in the Life of a Landlord – 2014-03-16”
I was attacked by a malware virus, but now all is permanently well, I hope. I just know malware sucks!
I deleted and re-installed my WP site this AM, but if I would have had WordFence, it would have been easier. I have it now. I have only been blogging for a month now, I backdated a few entries to make it look like a longer period (lol). Luckily I had a backup.
In any case, I should have had something like WordFence already, but I would never had thought my small site would ever be a target. I guess I should take that as a compliment.
Thanks again to other bloggers who helped me out!
The weekend started pretty well. I finished up a few things in the apartment that I was turning over. The tenants were scheduled to arrive at 12 noon, so I had some time to do a virtual tour and a final once over. Continue reading “A Day in the Life … Busy Weekend”
I have been working on an apartment turn over the past couple of weeks. The previous tenants moved out on 3/3, new tenants are moving in on 3/15. Only a twelve-day vacancy period. So, with 24 units I own, we are 100% full again. This is what a typical apartment turn might be like, for an average renter. Continue reading “A Day in the Life … Apartment Turn”
Every property needs maintenance, you must understand how to budget for maintenance. The renter’s damage deposit is for just that, damages. It is not for routine maintenance, It is not for wear and tear. Things like carpet replacement when it has reached its depreciated lifespan, appliances, painting, cleaning, new windows, kitchen cabinets, new roof, etc. Continue reading “Allocation Budget for Maintenance”
So, a break from the advice for a post. A few words about practical landlording and the often busy day.
It was a busy day in the life of a landlord today.
I went to the apartment this morning before work to pick up the last rent check that was put in the rent box the night before. All 25 (of 25) rents in the bank by the morning of 3/4/14, which is pretty good. All except my Section 8 tenants portion of the rent, $125 which I will expand on later… Continue reading “A Day in the Life … Busy day”
To maintain profitability in an investment property, you need to do proper preventative maintenance.
On a tenant turn, you need to check items so that they do not cause you issues later on, when a tenant is actually living in your unit. Maintenance is exponentially more difficult when you have to coordinate your schedule with your tenants. Continue reading “Proper Preventative Maintenance”
This is an important question for all landlords. Carpet can be ruined after one tenant, even after only a few months. Laminate flooring is generally more durable, but more expensive. Laminate flooring can also be ruined by water.
Continue reading “Carpet vs Laminate Flooring?”
A bit about rental maintenance. One of many prospective landlords perceived nightmares. Continue reading “A Day in the Life…Rental Maintenance, Water Heater Repair”
