Good to remember as we build our RE empires rolling out of a warm bed in our homes and trying to decide what is for breakfast as we stare into the fridge, in our kitchen, in our house – that homelessness is real.
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Tag: Tenant Horror Stories
“It’s Just a Joint! I am not hurting anyone!” Or so you may think.
The Setting: Once upon a time, in 2016 the Commonwealth of Massachusetts Cannabis Control Commission passed the state law for Chapter 334 of the Acts of 2016, The Regulation and Taxation of Marijuana Act legalizing recreational marijuana under certain conditions and situations. Everyone voted it in with a wide margin. But hardly anyone actually read the law to see what it said for what it did and didn’t allow under the statue. In the law, under SECTION 5. “The General Laws” […]
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Landlord Checklist: What do you do when your resident passes on?
You may probably think that from the blog title that we mean when the resident moves out of your apartment to live in another domain. Well, actually, in this case, we mean it quite literally. What we are writing about are some of the steps, concerns, and dilemmas you may run into when your resident passes away in the premises they rent from you. “To sleep: perchance to dream: ay, there’s the rub; For in that sleep of death what […]
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Apartment Renter Tip: Mom & Pop Landlord vs. Professional Property Management: Vol. 1 Tenant Screening
So you are looking for a new apartment to call your home. But you cannot decide which style of apartment living is going to be the right choice for you. With all of the factors flying around in your head like, commute time to work, great school systems, nice neighborhoods, amount of rent you will pay, and how long it will take you to go pick up a gallon of milk; now you need to decide what type of building and […]
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Property Manager Screening Tips To Find Better Renters
I have had discussions with all types of landlords big and small that have been renting apartments for decades and the consensus is the same; screening for good residents is job number one. The entire Landlord/Tenant relationship depends on having a pre-qualified renter who will respect the other residents, respect the property, respect the rental agreement, and pay the full rent on time when due. This is the cornerstone to running a successful rental business and you must be firing […]
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Avoid Revolving Door Housing Court Eviction Costs from Bad Property Managers
Your property should not be a revolving door of bad tenants coming in and going out. The number one cost you cannot ever recover from a property, is a vacancy. When you are not collecting rent you cannot cover your debt for the property. You cannot pay your contractors; you cannot pay your mortgage taxes and insurance. The worst of all is that you cannot make repairs and your property accumulates deferred maintenance issues. This is the slow death of […]
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No More Fueling Around with Bad Renters
The Setting The following story is true. This story has a background to it that is critical to the events as they unfolded on that cold March night. In 2006 Massachusetts passed legislation to make CO detectors mandatory in ALL residential buildings. The law was named after Nicole Garofalo, a young 7-year old girl who had died from CO poisoning. It happened when the snow piled up so high in the back yard that it blocked the ventilation from the basement […]
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