Welcome to Invest With Passion’s first installment of our Interview Series. IWP is reaching out to professionals in every conceivable niche to bring you their personal insights, expertise and assistance when it comes to making many of the decisions you need to make during your real estate investing, personal financial and entreprenurial endeavors. These professionals [...]
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Failure to Comply With Deposit Notifications Could be Costly
Imagine being forced to write a check to a previous tenant who still owes you money. This is a very real possibility if you fail to comply with the law after the tenant moves out. With the amounts and occurrences of tenant debt rising, having to pay a previous tenant who still owes you money [...]
Analyzing a Rental Home Investment
Most investors know that real estate is an important part of any balanced investment portfolio. For some this is accomplished via a real estate investment trust or some sort of other exchange traded vehicle that owns and possibly manages a real estate portfolio. Some investors, on the other hand, actually have a direct interest in [...]
INVESTING IN MULTI-UNITS – It’s All About Cashflow
By Rena Henderson Mason The Investment Paradox Why will a 3-flat sell for $400,000 but a 12- unit on the same block will sell for only $600,000? This is the investment paradox that many new investors don’t understand. They assume that the 12-unit is a real bargain because the price per unit is significantly less [...]
Investment Property Software
It is very important for real estate investors to have the appropriate investment property software. This is because like everything else, computer software is designed to make you more efficient, effective, and hopefully, more profitable. Investment Property Software The question is what type of investment property software do you require or need? If you are [...]
Landlording: Understanding The Eviction Process
Landlords and tenants have several responsibilities when they enter into a lease agreement. The most basic task a tenant has is to pay their rent. When property owners find themselves in a situation where the tenant fails to pay rent or perform specific obligations in their lease, eviction is often the recourse that is taken. [...]
I’LL SUE YOU! When Tenants Go Bad
By Bomani J. Sundai Every Property Manager or Owner will hear those three words sooner or later – “I’ll Sue You.” Sometimes it’s a good resident gone bad and sometimes it’s a bad resident whose time has come. Either way they have now become your headache. It is up to you to minimize the damage [...]
You Must Have Professional Property Management
By Gustave E Tucker & Kent A Stephens Once an investment property has been acquired by the investor, effective property management is the key to making the investment payoff financially. This brief article will focus primarily on the overall role of the Property Manager with a focus on the tenant selection and management process. What [...]
Real Property Management
Atuke Newell takes a moment to breakdown 10 important tips for profitable property management. Mr. Newell owns a reputable property company on the southside of Chicago. What strikes IWP! about Mr. Newell is passion and excitement for the property management business. You don’t really see this much in this sector of the real estate investment [...]
10 Tips for Profitable Tenant Screening
By Danielle Pierce In theory, renting out a house or an apartment appears to be a relatively simple task to accomplish. After all, lease agreements can be purchased at any local office supply store or simply downloaded online. There are multiple ways to locate tenants including running ads in the local newspapers, posting “For Rent” [...]
Video: The Landlord Staring Will Ferrel
This is an hilarious skit with the comedian, Will Ferrel. The landlord is the real star of the skit, but you will just have to watch it to see that one. The skit is about a tenant, Will Ferrel, behind on his rent and the landlord coming over to ask….demand the payment. Here is a [...]
Landlord Nation: Pros & Cons Explained
By Freddie Taylor According to Merriam-Webster’s online dictionary, a ”Landlord” is the owner of property (i.e., land, houses, or apartments) that are leased or rented to another. The term “landlord” is from feudalism, the system of political organization with strict division into social classes and a formalized landholding system. Under feudalism, Overlords granted use and [...]
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