Archive for the ‘Managing Rentals’ Category

The DIY Landlord’s Guide to Rent Readiness on the Cheap

Save money on your rental by dealing with condensation. The question that every landlord ultimately runs up against is “how can I make this property Rent Ready without opening up a line of...

The DIY Landlord’s Guide to What ‘Rent Ready’ Means

Warm, cozy and safe – might not be all that tenants look for when deciding to rent your property. So you’ve got yourself a single-family residence that no one is living in, and...

Walkability: A Selling Point in Detroit’s Urban Sprawl

When you have to walk to get food and medicine, having food and medicine within walking distance becomes pretty important. In many of the real estate markets in big cities across the country,...

Broken Windows: A Theory on Tenant Respect for Property

Sorry, this is not the theory where defenestrating tenants makes them respect you more. In the late 60s, psychologist Phillip Zombardo did a fascinating experiment. He took a car and parked it on...

DIY Landlords & the Power of Formality II: Not Being a Jerk

It’s easy to be nervous about being a jerk to your friends — but they’re not just your friends, they’re also your tenants. The #1 reason why folks who are landlording their...

A Comprehensive Rental Agreement: It’s the Lease We Can Do

Well, OK, it’s the MOST we can do, but we couldn’t let the pun pass us by. #NoApologies The Royal Rose Properties lease is 21 pages long. 13 of those pages are the actual lease agreement...

It’s Time for Annual Property Maintenance!

You don’t HAVE to do these things at Christmastime…but it’s a great landmark to work from.   Every property needs regular maintenance, and not all maintenance happens on the same...

Needy Tenants & the Power of the Cost-Benefit Analysis

Tenants are people, and we respect all people…but some people are easier to get along with than others.   Some tenants are needy. We’re not talking about being low-income or Section 8 or...

DIY Rental Advertising: The Painful Realities of Craigslist

“There is the mistaken thought that ‘fair’ or ‘consistent’ are intended goals of the system. Fair doesn’t and won’t enter into it. People who insist on working with a system that is...

DIY Rental Advertising: Complying with the Fair Housing Act

The FHA is much like the Wu Tang Clan — nothing to…ahem…mess with.   The Fair Housing Act (FHA) — 42 U.S.C. § 3604(c) — makes it illegal to: make, print, or publish, or...