Many landlords go crazy when their tenant's start stealing from them. When some landlords have to deal with tenants who don't pay rent, they will use the court system and follow the legal eviction process. Other landlords will go the illegal eviction route. One of the craziest illegal eviction tactics that some landlords use is moving into the tenant's house while the tenant is still living there. Literally squatting on the squatter. Tune in to HoltonWiseTV to learn more about the eviction process.
Some landlords lose their mind when their tenants don't pay the rent bill. Good landlords go through the court system and evict the tenants legally. However, there are a lot of bad landlords out there who resort to illegal self help eviction tactics. One common illegal eviction tactic used by angry landlords is releasing snakes in their tenant's houses when the tenant isn't home. These slum landlords will literally wait for the tenant to leave so that they can break into the home and empty out a cage of snakes to terrify the tenants into moving out. Tune in to HoltonWiseTV to learn more about the eviction process.
Some landlords lose their mind when their tenants don't pay the rent. Good landlords go through the court system and evict the tenants as soon as possible. However, there are a lot of bad landlords out there who resort to illegal eviction tactics. One of the most common illegal eviction tactics that bad landlords use is removing the tenant's front door. These unscrupulous landlords will literally steal the front door when the tenant isn't home. Tune in to HoltonWiseTV to learn more about the eviction process.
Just because you're being evicted doesn't mean you can't be polite. Tune in to HotlonWiseTV for more live eviction footage. Nobody has more live evictions caught on tape than HoltonWiseTV.
Past behavior predicts future behavior. You should never give a tenant who has an eviction on their record a 2nd chance. Tune in to HoltonWiseTV for more tenant screening tips.
Panic selling is the biggest mistake many new real estate investors make. Hitting the abort button on your long term buy and hold real estate investment portfolio the minute you have to evict a bad tenant or fix up a nasty unit turnover is going to cost you millions of dollars in the long run. Smart investors underwrite their deals knowing evictions and bad tenants are part of the business. Smart investors hold on for maximum cash flow and appreciation. Smart investors don't panic sell their properties.
Layout matters a lot when it comes to average length of tenancy. Many duplexes have an up and down layout. This up and down layout feels like a multi family apartment building. A multi family unit building feeling like an apartment isn't the end of the world, however, if you buy a side by side duplex instead, it's going to feel like a house. Tenants who have an apartment that feels like a house typically stay in the unit longer. The longer your average tenancy is, the less you've got to spend on unit turnover repairs. Tune in to HoltonWiseTV for more tips on investing in houses and apartment buildings in the best cash flow markets in the USA.
Evicting tenants is a dangerous job, but somebody's got to do it. Tune in to HoltonWiseTV to see real life eviction footage. Nobody has more live evictions caught on tape than HoltonWiseTV.
Tenants called 911 to get a ride after they were evicted. Tune in to HoltonWiseTV for more shocking evictions caught on tape.
There are many ways to invest in real estate with no money down. One way to source capital to fund the renovations of your Airbnb properties is by using a cash advance on a credit card. This way you can buy all of your furnishings and do your renovations with a low to no interest loan and use the rental income to pay it back. Tune in to HoltonWiseTV for more tips on investing in rental properties in the best cash flow markets in the USA.
Stop sending your contractor so much money to do your unit turnover renovations. Learn how to buy the types of properties that attract tenants who will stay in their homes longer.
Nobody plays the victim card harder than a single mom who doesn't pay her rent. If you're for the streets, you're for the streets. Nobody forced you to have kids with unreliable men. Your rent is still due on the 1st like everyone else. If you don't pay your rent, you're getting evicted. Being a single mom doesn't mean your problems are your landlord's problems. Pay your rent and don't forget to tip your landlord or you'll be evicted for non payment of rent just like everybody else who doesn't have the rent check ready.
You can't make any money investing in Section 8 rental properties if you don't understand Section 8 tenants. How Section 8 tenants live may surprise you. Before you spend your money on Section 8 housing tune in to HoltonWiseTV to learn about Section 8 tenants.
If you aren't discriminating against tenants during the tenant screening process, you aren't doing your job. There is a difference between legal discrimination and illegal discrimination. Real estate investors should never illegally discriminate against protected classes of tenants, but investors should absolutely be discrimination against everyone else. Tune in to HoltonWiseTV for more real estate investing tips.
New investors get too caught up in what the previous landlord did with their last tenant. What the last landlord did with their last tenant doesn't matter in the long term. What matters is how the property is going to perform with the tenant base that it attracts over the long term. As an investor, you aren't buying a tenant. You are buying a property that attracts a particular tenant base. Tune in to HoltonWiseTV for more tips on rental property investing.
You don't have to spend a fortune upgrading your rental properties to make them more attractive to Section 8 tenants. You just need to spend your money in the right places doing the right repairs and upgrades. One of the best places to spend your money is in the kitchen. Nothing turns off a Section 8 tenant more than a dated kitchen. Tune in to HoltonWiseTV to learn more about making money investing in Section 8 rental properties.
It's all about location when you're investing in the Cleveland real estate market. Many investors like investing in the west side of Cleveland as there is usually less crime. However, there are a ton of opportunities over on Cleveland's east side if you can buy your property right. Understanding exactly what's going on in each of Cleveland's east side neighborhoods is the key to making money investing in the east side of the Cleveland real estate market. Tune in to HoltonWiseTV to learn more about making money buying Section 8 rental properties in Cleveland, Ohio.
Evictions are part of the real estate business. Bad tenants are part of investing in rental properties. You can't avoid bad tenants or evictions. However, you can mitigate the frequency in which you deal with both of them. Additionally, good real estate investors know how make money despite the fact that they'll have to evict terrible tenants during their career. Successful investors run the numbers with the knowledge that bad tenants and evictions will eventually be something they have to pay a lot of money to deal with. Tune in to HoltonWiseTV for more tips on making a ton of money with rental properties despite that fact that there are time where you'll have to deal with shocking evictions and with terrible tenants.
According to Engelo Rumora, we're about 3 years into a bull market. Which means it's a very important time for investors to start hoarding cash as something manipulates the market every 4 to 7 years. Tune in to HoltonWiseTV for more incites from OzRealty owner, and serial investors Engelo Rumora.
We'd all like to increase our property's rents to market rent as soon as possible. The thing is, increasing your rents doesn't always increase your profit. Sometimes, increasing the rent rate causes turnovers that take years to recoup from. Sometimes it's best to slowly raise those rents to balance out the losses that occur at unit turnover with the gains you get from increased rental rates. Tune in to HoltonWiseTV for more advice on investing in real estate.
The BRRRR Strategy is a great way to create wealth through real estate. When you are using the BRRRR Strategy (a.k.a the BRRRR Method) you are able to recycle the same amount of cash over and over on multiple property acquisitions. Tune into HoltonWiseTV to learn how to make a ton of money using the BRRRR Strategy on distressed properties in the best cash flow markets in the USA.
One of the most common questions newbies ask investor friendly Realtors about their listings is "why don't you buy the property if it's such a good deal?" The answer to this question is simple once you look at the math. It takes several years to recoup your initial cash investment on a rental property. This is true whether you buy this rental property cash, or with financing. The appreciation and cash flow on a rental property takes years to equal the initial cash output of the investment. With this is mind, smart investor friendly Realtors, who are investors themselves, will balance out their long term investment property purchases with short term income gains from commissions on real estate sales. The short term income from the commissions are what typically fuel the long term portfolio purchases. The long term rental property portfolios are then used to grow the investor friendly Realtor's net worth well into retirement.
How long should you wait to begin the eviction process after a missed rent payment? You should not wait at all. You should begin the eviction process as soon as possible after any missed rental payments. Delaying the eviction process is only going to cost you more time and money while your deadbeat tenant lives in your house for free. Tune in to HoltonWiseTV for more property management tips.
Orlando, Florida is a great market for investors. However, Rent To Retirement CEO Zach Lemaster thinks investors can get an even bigger bang for their buck by investing in the sleeper markets around Orlando. One of those great sleeper markets is Poinciana, Florida.
New investors get too caught up in how the current landlord is managing their rental property. The fact is, not all landlords are doing a good job at managing their rental properties. How much money a property is making under it's current ownership doesn't mean that's how much money it can make under new ownership. In fact, most landlords are amateurs and a lot of money in real estate is made by taking mismanaged properties and turning them around into better managed properties. Tune in to HoltonWiseTV for more real estate investing tips.
Good investors know that bad tenants lie all the time. When a bad tenant tells you they've got no heat, what they really mean is, I didn't pay my gas bill. Tune in to HoltonWiseTV for more tips on dealing with terrible tenants.
Justin Bibb and his cronies have made it very clear that they do not like landlords. Under Bibb's leadership, the city of Cleveland has put many anti landlord policies in place. One of those is the requirement for landlords to constantly re certify their properties as lead safe. If you know what you are doing and buy your property right, these semi annual lead certification requirements aren't that big of a deal. However, if you don't understand Justin Bibb's lead paint laws you are in for a rude awaking when it comes time to handle your lead certification. Real estate investors who don't comply with Cleveland's lead paint laws can face fines and criminal charges. Tune in to HoltonWiseTV to learn how to successfully invest in the Cleveland housing market.
You can't ignore needed unit turnover upgrades just because you are renting your properties to low income Section 8 tenants. If you put an old dated unit on the market you're going to have few tenants interested in it. You'll also end up with a much lower quality tenant who's going to make your life miserable. Do the property unit turnover upgrades at all of your Section 8 properties and you'll be rewarded with higher rental profits. Tune in to HoltonWiseTV for more landlord tips and tricks.
There are a lot of low income neighborhoods where it's just to risky to rent your properties to cash paying tenants. In certain areas, you'll be chasing down rent and doing eviction after eviction and turnover repair after turnover repair if your tenants don't have Section 8. With that said, there are still going to be risks associated with those Section 8 rentals. One of which is the danger of having a vacant property in a rough neighborhood. For this reason, in Section 8 neighborhoods, multi family properties are typically less risky than single family properties are. Tune in to HoltonWiseTV for more tips on making money with Section 8 real estate.
Delaying the eviction process is one of the most common eviction mistakes new real estate investors make. Trying to give a tenant a second chance is never a good idea. It almost always blows up in the landlord's face. A good landlord never listens to his tenant's excuses. If a tenant doesn't have their rent, a good landlord evicts his tenant as soon as legally possible. Tune in to HoltonWiseTV to learn more about the most common eviction mistakes landlords make.
Skipping the legal proceedings and doing a quick self help eviction may seem like a good idea. However it's not. Removing the tenant's front door, releasing bugs and rodents into the tenant's house, turning off the utilities, or even setting the house on fire are all self help tactics that can get landlords in a ton of trouble. Tune in to HoltonWiseTV to learn how to the potential legal pitfalls and financial losses that come from doing an illegal self help eviction.
There are many reasons why Rent To Retirement CEO Zach Lemaster thinks investing in the Florida housing market is such a good long term investment. Florida being a landlord friendly state, with zero state income tax, and low property taxes, are just a few reasons why Florida is one of the best states for housing investors.
You better understand Justin Bibb's lead paint laws if you're going to invest in the Cleveland real estate market. Real estate investors who don't comply with Cleveland's lead paint laws can face fines and criminal charges. Tune in to HoltonWiseTV to learn how to navigate the Cleveland housing market like a pro.
Being frustrated by a deadbeat tenant stealing from you is totally understandable. Being angered by how expensive and time consuming the legal eviction process is makes complete sense. However, you've got to ignore the urge to utilize illegal self help eviction tactics like removing the tenant's doors. Taking the doors off of your tenant's houses is just going to make matters worse for you. Instead, tune in to HoltonWiseTV to learn how to avoid eviction mistakes so you can legally evict your bad tenants as fast as possible.
Bed bugs are a real estate investor's worst nightmare. Tune in to HoltonWiseTV to learn how to get rid of bed bugs at your rental property.
If you want to become a Section 8 millionaire you're going to need to know how to renovate your Section 8 houses in a way that lowers your unit turnover costs. One way to lower your ongoing unit turnover costs is to remove all ceiling fans from your properties. Ceiling fans are something you should never let your Section 8 tenants have. Tune in to HoltonWiseTV for more Section 8 property investing tips.
Do you need a property manager in Toledo, Ohio? Are you having trouble dealing with tenants, toilets, and trouble in the Toledo real estate market? Engelo Rumora and his team at Oz Realty are here to help. Tune in to HoltonWiseTV to get to know Engelo Rumora and the rest of the Oz Realty property management team as Engelo Rumora regularly shares his thoughts on business, life, politics, real estate investing and much more.
Landlords are often the subject of eviction videos, but what happens when they react to the process? HoltonWiseTV dives deep into the most shocking and surprising landlord reactions to eviction situations caught on camera. Tune in to HoltonWiseTV for more landlord tenant content.
As landlords we all want to make more money on our rental properties. Increasing the tenant's rent is how most landlords attempt to increase their profits. However, increasing your tenant's rent doesn't always work out. Sometimes a rental rate increase can backfire on you, causing you to lose money. Tune in to HoltonWiseTV for more landlord tips and tricks.
Lying, or as it's called in the real estate industry, fluffing, is common practice for many Realtors. Why do so many Realtors lie in their listing descriptions? Why do Realtors describe a crappy house using fluff terms like charming and enchanting? If a house is crappy, just say it's crappy. If a house just got trashed by the previous tenant who got evicted, the buyers are going to notice that. These inaccurate listing descriptions aren't fooling anyone. Lying Realtors do nothing but waste people's time. Tune in to HoltonWiseTV to receive logical honest feedback and analysis on your next rental property investment from an investor friendly Realtor.
There are a lot of low income neighborhoods where it's just to risky to rent your properties to cash paying tenants. In certain areas, you'll be chasing down rent and doing eviction after eviction if your tenants don't have Section 8. With that said, if you are buying a property that already has cash paying tenants living there, what should you do with them? Should you evict them and replace them with more stable Section 8 renters? Should you let the cash paying tenants stay there? What should a landlord do when they are buying a house with existing cash paying tenants in a Section 8 neighborhood?
You can tell a lot about your rent ready unit turnover costs from photos on sites like Zillow or your local Realtor website. You can even tell if you're going to need to get the cigarette smell out before you even step foot into the house. Tune in to HoltonWiseTV for more real estate investing advice.
Investors from all over the world come to the city of Cleveland to buy dirt cheap houses. Out of state investors often think about all the money they are going to make buying up all the Section 8 properties that Cleveland has to offer. However, one thing these out of town investors fail to realize is just how dangerous Cleveland, Ohio is. The city of Cleveland has a ton of crime. In fact, Cleveland is one of the most dangerous cities in America. Tune in to HoltonWiseTV to learn all about Cleveland before you start spending all of your money buying properties you can't handle.
Everyone knows you've got to change the apartment locks during every eviction unit turnover. However, many investors forget to change the building's common locks after every eviction. Tune in to HoltonWiseTV for more real estate investing tips.
Real estate investors are taking notice of how big the Healthcare industry is for the Cleveland economy. Cleveland, Ohio is one of the only places where you can buy Section 8 rental properties for pennies on the dollar in the same neighborhoods that are getting billion dollar economic injections from the Healthcare industry. Tune in to HoltonWiseTV to learn more about investing in the Cleveland real estate market.
Stop dealing with eviction after eviction. Stop chasing tenants down for the rent that they aren't ever going to pay. One you are buying rental properties in the ghetto, Section 8 is how you make money. Cash paying tenants in the hood are worthless. In the ghetto, Section 8 investing is the key to making money as an investor. Tune in to HoltonWiseTV for more tips on making money though Section 8 real estate investing.
A bad tenant can ruin your day. This landlord broke down in tears after she saw what her evicted tenant did to her house.
If you want to meet a scammer start investing in real estate. Engelo Rumora reminds new real estate investors of the importance of doing their due diligence on any potential real estate partners that they are thinking of working with as the real estate industry is filled with snake oil salesman. Tune in to HoltonWiseTV to get to know OzRealty owner Engelo Rumora as he regularly shares his thoughts on business, life, politics, real estate investing and much more.
If you want to become a Section 8 millionaire you're going to need to know how to renovate your Section 8 houses in a way that lowers your unit turnover costs. One way to lower your ongoing unit turnover costs is to remove all ceiling fans. Ceiling fans don't do anything other than cost the Section 8 property owner money in unnecessary repairs. Tune in to HoltonWiseTV for more Section 8 property investing tips.
Landlords get so excited when a tenant tells them that they have cash in hand. However, a tenant who's got cash in hand and wants to move in immediately is never good for business. When a tenant says they've got cash in hand and want to move in immediately that's a red flag. Tenants with cash in hand are almost always being evicted by their current landlord. Never rent to a tenant who says they've got cash in hand and are ready to move in immediately. Tune in to HoltonWiseTV for more tenant screening tips.
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