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”
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”
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”
When your tenants leave, there are normally a few personal belongings left. Sometimes it is a couch, a mattress, or it could be as little as a pair of pants hanging in the back of a closet. MN law says you must store these items for 28 days. Most often, the tenant never comes back. If you are like me, I take pictures of what I have to throw away. Sometimes I ask if they are coming back for any additional items and they always say no. Of course good tenants do not leave junk behind. Continue reading “Personal belongings left at the end of the tenancy”
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?”
