Landlords: 10 goals to accomplish this year
October 1, 2008
1. Join an Apartment or Landlord Association.
2. Create or redo your rental policies and standards for all your properties.
3. Make quarterly inspections of all your properties, inside and out.
4. Organize your books.
5. Go to at least one class or seminar on how to be a better landlord.
6. Create a system for good customer service and relations with your tenants.
7. Get rid of at least one bad tenant.
8. Do a rent survey.
9. Make a budget.
10. Congratulate yourself for being a landlord. You are part of a small percentage of people who take real responsibility for their own financial lives and provide housing for a significant portion of the people.
About the Author: Bob Cain
Some 30 years ago Bob Cain went to a no-money-down seminar and got the notion that owning rental property would be just the best idea there is for making money. He bought some. Trouble was, what he learned at the seminar didn’t tell him how to make money on his rental property. He went looking for help in the form of a magazine or newsletter about the business. He couldn't find any.
Always ready to jump at a great idea, he decided he could put his speaking and writing skills to work and perform a valuable service for other investors who needed more information about property management. So Bob ferreted out the secrets, tricks and techniques of property management wherever he found them; then he passed them along to other landlords.
For over 25 years now, Bob has been publishing information, giving speeches, putting on seminars and workshops, and consulting for landlords on how to buy, rent and manage property more effectively.