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Your Tenant Has Abandoned the Property: Now What?

21. May 2010

69 Comments

Today I got a question from one of my clients who had a property in which the client in which her renter moved out of her property without paying the rent. In addition, her tenant left a whole bunch of stuff in the house. The question she had for me was what she [...]

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The Secret Sauce for Keeping Rental Customers

20. May 2010

18 Comments

I recently went to the clinic for some treatment. When I got to the front desk, I couldn’t believe how rude the girls were behind the desk. They acted as if I didn’t even exist. When they were finally finished talking, one of them came over and asked me what I wanted. [...]

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The Section 8 “Gotcha!”

14. February 2010

27 Comments

If you are reading this, you probably already know that Section 8 is a government sponsored rental assistance program for low income individuals.  Everybody seems to be talking about how the great the section 8 program is.  It’s great for the person who getting the benefit because they get at least part of their rent [...]

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Estimating Expenses on Single Family Rentals

14. January 2010

25 Comments

I had another great question come up from a friend of mine.  "I use  40% of Gross Income as my Total Expenses (taxes,insurance,repairs,vacancy,etc) not including mortgage and in my case, management fees since i manage the properties myself.  Am I on the lower or higher end of it? How do you guestimate your total expenses? [...]

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Have you seen this type of TENANT FRAUD?

4. November 2009

39 Comments

Question: “This gentelmen has sent me a couple of e-mails. I am sending it to you to get your opinion. It just gives me a funny feeling. This is about the house we will have to rent here soon. My wife posted the house for rent on craigs list.” Here is the email he got [...]

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Your Property has had a Fire: Now What?

24. December 2008

19 Comments

 This morning my office got the dreaded call that you never want to get that there is a fire at one of our rental properties, and they have just called the fire department.  Preliminary indications were that no one was hurt.  That’s good.  This particular property, which is a duplex, is one that our office managed for [...]

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Eviction Court Judge Glenn Jones Speaks for Millionaire Possibilities

12. December 2008

1 Comment

Special Judge Glenn Jones is best known to me for the tight ship he runs during the Forcible Entry and Detainer (FED) docket (eviction court) at the Oklahoma County Court house. Of the judges who preside over the FED docket, Judge Jones is certainly high on my list as a judge who treats both sides with [...]

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