Category Archives: Landlord Advice

Topics to help landlords

Landlord Tips #5, Take The Emotions Out, It’s All About the Numbers

Much like Tip #3 and #4, if you look at the numbers and take all the emotions out you are able to make much better decisions. DO NOT FALL IN LOVE WITH A PROPERTY OR TENANTS. Just because a property … Continue reading

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Landlord Tips #4 – Don’t React, Pre-Act, Solve Potential Problems Before They Become Real Problems

The first bounced check, the first unexpected vacancy, the suddenly leaky roof, these can all come out of nowhere, but need to be taken care of immediately. You should have explicit steps explained in your leases as to how you … Continue reading

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Landlord Tips #3 – Being a Landlord is a Business, Treat it Like a Business

Businesses need a plan to survive and being a landlord entails being a business owner. They do not just decide to open shop, sell widgets and then make money. Before starting out as a landlord, make a written plan as … Continue reading

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Landlord Tips #2 – Spend Extra Time Screening Tenants, So You Don’t Spend Time Evicting Them Later

One of the most important landlord tips experienced landlords are aware of is the proper screening of tenants. Beginning investors are often too anxious to just fill the property with anyone to help make the payments. This path leads many … Continue reading

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Landlord Tips #1 – Don’t buy where you would live, buy where tenants live

Sure, the houses may look pretty in the suburbs, and the prospect of having upper middle class tenants’ sounds inviting, but it’s not how to invest for profit. By purchasing in nicer areas, you are paying more for the property … Continue reading

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A Funny Thing Happened on the Way to the Drunk Tank

Bet that headline caught people’s attention, and no, it wasn’t me heading downtown for a sleep over either. It was one of my tenants, twice in two days matter of fact. So here is some quick background for you before … Continue reading

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Landlording Mistakes That Cost You Money

Here is a follow up to an article I wrote in the Chestermere Anchor last week about being a landlord. If you intend on investing in Real Estate some of these details can be key. There are many problems new … Continue reading

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