Monthly Archives: May 2011

The Rental Business: Move in Process

Posted on May 29, 2011 by Bernie

In the last post we talked about the security deposit, what it is, when to collect it etc. The next step would be the tenant’s move-in. In these blogs we discuss how to buy foreclosures in the Dallas, Fort Worth, … Continue reading →

More Galleries | Leave a comment

Myths about Tenants

Posted on May 26, 2011 by Bernie

I hear all these terrible things about investing in rental property and most of them have to do with tenants. So I thought it was important to digress from the technical aspects of owning and operating single family rental homes … Continue reading →

More Galleries | 3 Comments

The Rental Business: Security Deposit

Posted on May 23, 2011 by Bernie

In the last post we talked about holding the property for your approved tenant after collecting the security deposit. So, let’s talk about the security deposit in greater detail in this article. After you approve your tenant’s application, you still … Continue reading →

More Galleries | 1 Comment

The Rental Business: Rejecting an Application

Posted on May 21, 2011 by Bernie

Well, I could have named this post “Communicating the results after processing the application”, which would have been both accurate and less shocking, but we all know how to communicate good news, so there’s not much teaching required for that. … Continue reading →

More Galleries | Leave a comment

The Rental Business: Processing a Lease Application

Posted on May 17, 2011 by Bernie

In the last post we talked about showing your house and collecting the application. Now, we’ll talk about how to process the application. After you have arrived at your qualification criteria for your tenants,  create an “Application Instructions” document and … Continue reading →

More Galleries | 1 Comment

The Rental Business: Showing Your Rental

Posted on May 16, 2011 by Bernie

This gallery contains 7 photos.

Let’s continue our discussion on how to show your rental. To recap, you are showing your house to pre-qualified tenants and you have taken safety precautions like the ones discussed in the previous post. Staging I made a reference to … Continue reading →

More Galleries | 2 Comments

The Rental Business: Showing the Property – Safety Tips

Posted on May 15, 2011 by Bernie

Now that you have pre-qualified your prospective tenants, it is time to show them the house. Before you show them the house, you should have completed the steps discussed in the previous post. Here’s a quick recap: Pre-qualify them by … Continue reading →

More Galleries | 1 Comment

The Rental Business: Talking To Prospective Tenants

Posted on May 12, 2011 by Bernie

Now that you have your tenant qualification criteria established, you are ready to answer calls from prospective tenants. If you have prepared your property as we have talked about on these blogs and if you are priced below market as … Continue reading →

More Galleries | 4 Comments

The Rental Business: Tenant Qualifications

Posted on May 10, 2011 by Bernie

In the last post we talked about how to arrive at a rent amount for your property. Before we talk about answering calls from prospective tenants, lets talk about what qualifications you are looking for in a your tenant. Once … Continue reading →

More Galleries | 9 Comments

The Rental Business: Pricing Your Rental

Posted on May 10, 2011 by Bernie

The next topic in this series on the business of owning and operating rental homes is pricing the rental. We have discussed how to purchase and prepare the property and bring it to market in earlier blogs. If you are … Continue reading →

More Galleries | 2 Comments