LANDLORD PROFILE INTERVIEW:
Name:
el Gray
City:
Locust Grove
State:
CA
Any Unique 'Local' Landlord Requirements?
Number of Rentals?
2
Years of Landlording Experience?
3
Hardest Job?
Had to collect Rent from a Devoted Christian Loan Officer living with her Mother and Daughter in my Rental Property.
Your Biggest Mistake?
To Listen to her "Sad Stories" every month and her pleading not to evict her.
New Landlord Advice?
NEVER, never, never take sad stories especially from tenants in the mortgage business (no offenSe). Once the stories start then that's a sign of possible DANGER.
Favorite Type of Resident?
Those who are Truthful, Loyal, and Pay their rent on time, not hiding behind Christanity.
Best Way to Find/Attract Residents?
Advertise (yard signs, I find are very effective).
Favorite Application Question?
Background checks and Credit Checks are compulsory, Is there anything you would like me to know before I Run the checks?
One Way to Keep Good Residents?
Respond to their necessary needs on the property (after all it's yours) and have a good Landlord / Tenant Rapport.
Favorite Rental Clause?
On the Due Date "It's either My Way or U-haul Way"
I learnt that the Hard way so let's keep it My Way.
Money Making Cash Flow Tip?
Again, do not accept sob stories. Collect your rent or start evict immediately.
Money Saving Maintenance Tip?
Do it Yourself (if you can). If not Discounts and Coupons never hurt for materials.
How Do You Encourage On-Time Rents?
I charge a late fee (but my last Tenant conveniently got blind whenever she read that clause).
How Have You Collected Past Due Rent?
Considering a collection agency.
Trick A Tenant Played On You?
Says she has a loan to Close in one week, and she would pay all of Past Due and Recent Rent, (that was 9 months ago)Loan obviously did not close, why, because she did not have any to close. The following month her daughter got sick, the following month car broke down and the list goes on.
Favorite Real Estate Book?
Still searching... (Editor's note: Start with The Landlord's Survival Guide, How to Successfully Manage Rental Property As a New or Part-time Real Estate Investor).
What's Rewarding About Being A Landlord?
Knowing that I have the means of helping someone / family to have a roof over their head.
How Has MRLANDLORD.COM helped you?
WOW!!! Thanks to MrLandlord.com, my eyes are now opened and my Knowledge is being fed with inportant, useful and positive information. The Responses to Questions asked are Awesome, and just to think it's all Free...Really AWESOME, Thanks!
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