Landlording for maximum profitability and Financial Independence
One of the things that make a rental unit ‘spark’, is a bathroom remodel. A renter does not want to get a place that is grungy with a bunch of previous tenants ‘marks’ in them. They want a sparkly bathroom, one that looks and smells clean. One that when they have guests over, the guests are not grossed out. Here is a recent bathroom remodel that I did, with tenants in place.
Continue reading “How to do a Bathroom Remodel Cheap”
One of the most dreaded landlord moments is when a tenant calls about a water issue. In this case, my tenant texted me about water leaking into his garage. I know enough about my own buildings, that if water is leaking into a garage, and it is sub-freezing outside, it is not good. It could be a water heater leak, a drain pipe in the ceiling dripping, a supply pipe leaking, a water meter leaking, a bath tub over flow leaking, or a floor drain over flowing.
So, I had it narrowed down right away based on the text. It could be anything. I had to spring into action. Here is what I did.
Continue reading “How to Fix a Water Heater Leak”
One thing that will make you more productive as a landlord, is to be able to be more efficient. Manage your time wisely, and you can be a Rockstar landlord. When you get to a property, you should have the tools necessary to enable a common fix. Some simple landlord tools. If you have a few simple landlord tools, you can make a quick fix, and not have to make a special trip. Or you can prevent damage that may occur if the fix is not done.
Here are a few landlord tools that I would not be without when I drive around to my rentals. In fact, I always have them in my tool bag in my truck. They are indispensable tools that I use regularly.
Continue reading “Landlord Tools for Maintenance”
Once in a while, you will have a rental maintenance issue that you cannot permanently solve right away. When an apartment has no heat that is certainly one of them. There are several other types of issues like this. You may have a drain clog that you do not have the equipment to do yourself, it may be a weather-related issue, or it may be that you are just waiting on someone to do the work, or parts.
Here is an issue I came across in one of my apartments and how I eventually resolved it.
Continue reading “What To Do If Your Apartment Has No Heat”
If you are a homeowner, you likely have a garbage disposer. You may use it all the time. In a rental, it is a different story. It can be a constant maintenance item, it can leak, need to be replaced, or just plain smell bad.
Here is what I recommend on a garbage disposer in a rental property.
Continue reading “Removing a Garbage Disposer in a Rental Property”
One of the ways I am able to turn an apartment so fast, is the way I have my painting method set up. I know how to paint a rental property, and paint it efficiently and fast. When I first started with my rental properties, I hated painting. I hired a guy to paint for $20 an hour, and it would take him a week to paint. I now paint an entire apartment, in about 16 hours, including the trim. Often even less.
If you are afraid of painting, or just do not like it, fear not. It is not that hard. Here are some tips for landlords, and even home owners, to help make the job easier.
Here is how I am able to do it quickly and efficiently.
Continue reading “How to Paint a Rental Property”
This article is about how to fix a range heating element, but it is really about more than that. It is about maximizing your existing revenue stream. Making the most of what you have available to you.
When you own rental property out of state, you are at the mercy of everyone. You need someone to respond to calls, you need someone to fix minor things, you need someone to drive by the property periodically, etc. Every one of these events takes time and money. Your money. Your retirement and financial independence money.
This is a recent situation that happened to me.
Continue reading “How to Fix a Range Heating Element”
When you are a landlord, you can either hire out all the maintenance, or do some of them yourself. I do much of it myself, and it saves a TON of money. When you are in doubt about how to fix an item, odds are, there is someone out there, with a YouTube video, who has dedicated their life to helping you fox the issue.
This bit of maintenance to fix a shower faucet leak started simple enough. It was a quick text by a tenant saying her bathtub faucet was leaking. Then a phone call. When you get a text and phone call, it becomes a bit more serious…
Continue reading “How to Fix a Delta Shower Faucet Leak”
This article will teach you how to clean out a tub drain. When you own rental property, there will always be maintenance. You can do it yourself, or hire someone. Even in your own home, there are tasks that need to be completed, this is a great one to learn to do yourself. If you can save $100, that is a couple or three (for two people) nice restaurant meals (in my places), or $100 to your retirement.
Of course some tasks are not fun, some are messy, and some of them are just gross. Even the tasks you think are real bad ones; there is someone out there that does them all day, every day. Do not feel sorry for yourself.
When I turn a rental over, cleaning a tub drain is a very common task. It’s not fun, but not difficult.
Continue reading “How to clean out a tub drain”
With any issue, if you can do some simple appliance repairs as a landlord, you can save a ton of money. In my rentals, I find that some appliances are worth fixing, some are not. Here are a couple of recent simple appliance repairs that I have completed.
I typically buy fairly cheap appliances. I always buy new, and make sure that they are 100% clean for all new tenants. Of course, I also expect the tenants that are moving out to keep them clean.
Continue reading “Simple Appliance Repairs for Landlords (or Homeowners)”
