Archive for February 7th, 2008
Is There a Doctor in the House?
Thursday, February 7th, 2008The medical profession, especially doctors, offers your best chance of office-building tenant stability. Think about it. How often has your familyphysician, dentist, or specialist moved his office? He or she is probably still located in the same building you entered on your first visit.
Stability in good-paying tenants is one of your chief goals as a [...]
Working with Rental Agents
Thursday, February 7th, 2008Set Tough Standards
To avoid potential problems with your rental agent, you must set an operating standard. The agent must besomeone who can and will fulfill your needs as the landlord and property manger. All too often the rental agent will to some extent embellish the features of the apartment, or leave out details, such as [...]
How to Screen a Tenant
Thursday, February 7th, 2008When your rental agent does find prospective tenants who would like to move in, you need to exercise great caution in screening out the problem tenants and troublemakers from the quality tenants who pay their bills on time, follow the rules, and do not create hassles for the neighbors or the property manager. Making sure [...]
Ask for Feedback
Thursday, February 7th, 2008Trouble will inevitably come your way. It’s part of the job. Youwill most definitely encounter problem tenants. That comeswith the territory. Some of them will come at you out of the blue, but you can improve relations with some tenants and fix the problems before you realize you have troublemakers residing in your property. In [...]
Leave Some Things to the Pros
Thursday, February 7th, 2008Always have a second pair of eyes review any important document. As previously mentioned, the two key players on your team must be an attorney and an accountant. Both can provide sound financial expertise. But sometimes it would be wise to rely on a professional financial advisor.
Your chances for painful financial loss increase at exponential [...]
