Tenant Risk Assessment Tenant screening is risk assessment, pure and simple. In landlording, high risk does not equate to high reward. Quite the opposite is true. With high risk tenants you may find yourself spending more time, more energy, and more money to either salvage the tenancy or end it at an earlier than expected […]

Questions 1 Can I legally limit the number of vehicles a tenant can park on my rental property? Answer 1 Landlord-tenant laws of most states do not specifically address this issue. Accordingly, a landlord may control parking in a reasonable and equitable manner. What might be considered reasonable may depend on the type of property […]

Buying Condos as Rentals All too often, real estate investors, even successful experienced ones, make decisions based on past performance of an already owned rental property or on success during recent years. One of the few certainties regarding investing is that the market can take away your gains as fast as it can give them. As […]

Tenant Insurance Most landlords protect themselves against a variety of hazard and liability losses by trying to have adequate types and amounts of insurance coverages. Unfortunately, many residential tenants do not realize that they must purchase their own insurance to cover damage to or loss of their personal property. Many also do not understand that […]

Risk Management Operating any business is risky, but being a landlord appears to be more risky than operating most businesses. Landlords are sued more than any other group of business owners in America. Many risks of landlords also exist for most other businesses, but there are many risks in the landlording business, particularly for residential […]

Expenditures – Part 6 In this article we continue our “Expenditures” series of articles with some discussion regarding capital expenditures. Capital Expenditures You must capitalize, rather than deduct, some costs. These costs are a part of your investment in your business and are called “capital expenditures.” Capital expenditures are considered assets in your business. There […]

We provide here a few questions that have been posted on the 1-on-1 Center or in Forums and our answers to them. *   *   *   *   *   * Question 1 My rental property is in NC. Can I enter my tenant’s place without permission since NC has no statute with regards to this issue? Answer […]

Asset Protection – Part 2 In Asset Protection – Part 1 we discussed the basics of limited liability entities and some specifics related to the one best suited for most rental properties owners. In this article we will discuss further issues related specifically to limited liability entities, using the term Limited Liability Companies (LLCs) because […]

Question My tenants have recently moved into my rental home in Los Angeles on a 1-year lease. I have recently discovered that instead of 4 children and living with 2 adults in the 3-bedroom 1500 sq ft home home, there are now approximately 7  Children and 2 adults. I have also received complaints of the […]

Question The tenant in my rental house plans to buy a water bed. He plans to put it upstairs and I’m concerned about the substantial damage that could occur should it leak. Can I prevent him from doing this? Answer A very few states have a statute that deal with water beds. However, in almost […]