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)”
When you have a rental property you are managing yourself, and even more importantly if you are doing the maintenance on them, you need to be efficient. You need to make some rental property improvements that make a difference! Continue reading “Rental Property Improvements that make a Difference”
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”
Carpet vs Laminate Flooring.
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.
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With 24 rentals, working full time, Property manager and President of the HOA, my own plowing and mowing business, and doing most all of the rental maintenance myself, I can give a few tips on saving money and time in your rentals… Continue reading “Saving Money and Time in your Rentals”
I have received two rent checks already for March. I have not yet checked the rent collection boxes, but I suspect that a few will be in the boxes by tomorrow. I anticipate all 24 rents to be paid by 2/5, which is the late fee date. Most of the rents will be collected by Monday morning, and deposited in the bank. Solid tenants never bounce checks, and I have not had a bounced a check in years. So the monthly accounting goes something like this. Continue reading “Rent Checks Coming in Already!”