Hi Guys
Bought a copy of Residential Landlording for the Absolute Beginner by Harry Lawson the other day.
Harry is one of the Wise Men along with Glenn who writes a column for the KPI Magazine.
Some good reading. Best Chapter is entitled 101 plus ways to ensure success.
I will type up 10 or so ways each day or so.
1-10 They are in no particular order of importance. Read them and think about what you do.
More later
Regards
Bought a copy of Residential Landlording for the Absolute Beginner by Harry Lawson the other day.
Harry is one of the Wise Men along with Glenn who writes a column for the KPI Magazine.
Some good reading. Best Chapter is entitled 101 plus ways to ensure success.
I will type up 10 or so ways each day or so.
1-10 They are in no particular order of importance. Read them and think about what you do.
Always charge market rents for new tenants.
Never let property in less than spotless condition, no matter how busy you are.
Don't let a property you or your family would not live in.
Avoid renting to friends and family. If you do, charge market rents and keep everything on a business footing.
Carry out promptly all requests from tenants for repairs.
Learn the difference between tenants' wants and needs.
Never put cheap, low grade loop pile carpet in lounge rooms and hallways.
Always use commercial rubber underlay and avoid plain-coloured carpet(white is a no-no!)
Ensure that your properties comply with ALL council bylaws. (Harry is a Napier City Councillor)
Always remember who really pays your rates, mortgages etc.
Never let property in less than spotless condition, no matter how busy you are.
Don't let a property you or your family would not live in.
Avoid renting to friends and family. If you do, charge market rents and keep everything on a business footing.
Carry out promptly all requests from tenants for repairs.
Learn the difference between tenants' wants and needs.
Never put cheap, low grade loop pile carpet in lounge rooms and hallways.
Always use commercial rubber underlay and avoid plain-coloured carpet(white is a no-no!)
Ensure that your properties comply with ALL council bylaws. (Harry is a Napier City Councillor)
Always remember who really pays your rates, mortgages etc.
Regards
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