6 Not So Obvious Tips From Experienced Landlords

Top tip for landlords: Get a real job.

So much to think & so much to do but then also you might be in trouble. So get a paralegal & let them do what they do best. Shout out to George Brown for keeping me away from any mess from past 7 years. If you are also from Toronto then he is the guy for you all.

The tip about the tenant paying lump sums in advance is the dumbest s*** I've ever heard. Not only am I a tenant that has paid thousands of dollars in advance in order to keep my money organized and my finances conservatively estimated, but also I am a landlord and just because the tenant is giving me money upfront doesn't mean inspections cease or I'm more relaxed on the rules. This lady's a du**

Best tip was at the end. First tip was for the rare occurrence of a tenant wanting to pay rent in advance.

I don’t agree with this woman about the car thing ! My car has so much in it . Because I’m on the road a lot . I have things in there I need ! So sorry ! My car does look like I live in it . Lol . But my home is spotless clean !!!

So good
Please I want your email
Because I have a question..
Thank you so much

This women is great, a natural teacher! Thank you!!

Ten ants are bad.

lmafo she says maybe there growing pot lol sounds like my kind of ppl

Hello thanks for the videos, what you guys or any one, think about short term rentals out side of the country?

Do NOT rent to Section 8 NO friends No family No handymen No persons with addictions.

Thanks

Wonderful tips thank you.

The tip about following the potential tenant to their car to see how dirty the car is is one of my favorites. If I walk out and the car is filthy on the inside like allot of trash in the floor and just the kind of dirty that you can tell has been there for awhile, well there's no chance I'm going to let them move into my house. It indicates that their dirty and if they don't care enough to take care of and clean their own car why would I think they would treat my house any differently.

Excellent detailed information for newbie & experienced! :) Thx "B.P." & MINDY!

👍🏽

Why not get yourself a property manager

If you and tenant have friction points even before the lease is signed, drop em. You can't get along before lease signed, it will be HELL after lease signed.

is a good idea for the tenant to pay for their owe electric bills or the landlord

Great info and it's true scammers act like they own your house, using a watermark on your photos is a great idea!

I agree to all of these points mentioned! Have you ever heard about civil forfeiture? This is something you want to avoid happening to any of your properties! That is why as a landlord, it is important to conduct a comprehensive background check to ensure that the prospect tenant you're dealing with is free from any illegal activities that may lead to the law enforcement seizing your property if it happens to be an accessory, place, or was used to conduct illegal activities such as illegal drugs and money laundering.

Thanks definitely using this

own anything and afriad of a lawsuit? Make an LLC. if u get sued, will they get everything u worked for, or will the LLC limit it? if u think of it as profit, think of it as a business, and treat it as such. seperate bank accounts, even a PO BOX to mail rent to..

You are a life saver.

Very wise.

How do you prevent this: "it was damaged when we got here"?

God bless.

This is my favorite channel for a reason - always such great content. At what point do you think it makes sense for a landlord to invest in property management software vs. hiring a property management company? I'm a property manager and a good friend is a landlord. Just something we've been discussing lately!

Upfront rent could just be that they are looking for a little discount or using it as a negotiation for an additional discount on their rent.

The locksmith that that lets someone else in besides you (the owner) has committed felony crime of "breaking and entering".

All those vidoes about bad tenants. 1. Just don't hand over the keys, 2. Get involved with tenants lives, ask how they are doing , watch for drug or alcohol abuse, make sure everything works, no one does that, no background checks, nothing. The landlords asking for trouble, definitely no pets. Child and partner abuse will not be tolerated. 24hrs you are gone, also do heath and welfare inspections, see how they live! Nomine does that. DON'T WORRY ABOUT LIBERAL LAWS. the law is on the landlords side, they forget that!

i have a tenant who rents a room and pays 30 days late every month

inhereted a ton of properties and had no edxpiernce with this stuff so obviousely they all come to scame me... however I picked my battles wisely and now doing my first eviction lol. I never even got paid. Terrrible. Just terrible...
ANd I STILL have no IDEA what is means to even have 12,000 dollars, since I got property but no money... and before that i was literally living in a car... soo there are taxes... welp.... we know how this goes lol

Wow you are not intelligent

Great tips. However, what's wrong with having pets. Some tenants have kids who can destroy stuff. I have seen it in my old building. Some people have a pet instead of kids. Some others emotional support animals. Or simply a member of the family.

ALL landlords are parasites.

So many great tips in this comment section. Real life stories are the best teachers

I HAVE ONE.....GET A REAL JOB YOU PARASITIC LOSERS. YOURE ALL SCUM

I got hit with the craigslist scam and i reported it to get taken down. Whenever I tried to list it myself, it would get taken down instantly.

In many countries, tenants need a Co-Signer. The Co-Signer is listed and the lease with the tenants, and understands their legal obligations. That could be a family member or a friend, but NOT someone who is allowed to reside in the rental unit. If the Tenant defaults on the rent, the Co-Signer can be sued for the missing rent!

The best way to tell them is IN WRITING! I tried. Tenant can't read!

In Nyc, the person with the good credit and spotless record apply for apartment. We can not screen for the tenant spouse or children. How do you mitigate those circumstances?

That was very helpful! Thank you Mindy

I know a lot of people that used to be landlords.

Far as homeowner insurance what else do I need on my complex?

You sound good! I want you to be my guide on my first time as a landlord do you have a direct number or email?

Water mark?

I take a good look at them,, that tells me almost everything every time.

good video, well done.

I was a property manager for a good sized rental company and some of the places I went into were ungodly. Some of the homes had rooms with trash piled up and the floor was not visible. That stench...

I'm a UK Landlord. All common sense tips, but so easily overlooked. Paper trail every time.

this is gross and classist