This economy sometimes requires creative solutions to problems. This is one I developed for people that get behind on their rent but that are salvageable.

If you’re doing rental properties right, then you have great units that you’re proud to own and that you never, ever want to sell. But in order to generate ROI, you need to turn your beloved units over to renters that pretty much couldn’t care less about them. So the idea is to take whatever steps we can to mitigate the risk of renting to a “bad” tenant. And the biggest step we can take…

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Ahhhh face time – that wonderful concept undoubtedly invented here in the automotive industry – that says you must be physically in the office. . . for no other reason than because you must be in the office. But when you have a rental property business, “face time” takes on a whole new, and critically important meaning.

Never a dull moment in the Apartment business. Wait until you hear how the latest installation was done.

It’s important to remember that we’re running a business, and that the eviction process is one of the tools in our toolbox. So it’s important to use it to protect our interests.

Thanks again to my high-value realtor Mike Dundon. He knows what I’m looking for and where, and he sent me a listing today that was a great fit. He even pre-negotiated with the seller for me! If my offer is accepted I’m going to use it as a case study on how I get rental houses rented before I close on them. Being cash flow positive on Day 1 is possible.