{"id":992,"date":"2007-02-05T07:41:43","date_gmt":"2007-02-05T14:41:43","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=992"},"modified":"2007-02-05T07:41:43","modified_gmt":"2007-02-05T14:41:43","slug":"beginners-landlord-tips","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/992\/beginners-landlord-tips\/","title":{"rendered":"Beginners Landlord Tips"},"content":{"rendered":"

If you have been reading my posts, it may seem like I am all over the board. One day I am talking about mortgages, the next I am talking about agents, and today I am talking about landlords. The coherent theme behind all of these things is smart real estate investing. Commercial investors must have a strong skill set across areas because they represent the cog that brings different real estate functions together. Today, I want to talk about one of the most value jobs a residential (commercial and non-commercial) investor will have to do. This job is that of being a landlord.<\/p>\n

People have typically had one of two experiences with landlords. First, they may have rented an apartment growing up, in college, after college, etc. Second, they may have seen one of the many comical landlords on television (Mr. Roper from Three’s Company for example). Regardless of where your experience comes from, being a landlord is never as easy (or as comical) as it appears. This is especially important for the first-time investor, who has no idea what to expect from tenants.<\/p>\n

First and most importantly, new landlords must understand that people will not treat their property like it is their own. This is true with just about anything that is rented. Everyone remembers how much more recklessly they drove their rental cars or how poorly they treat their hotel rooms. It’s just a simple fact of life; ownership creates a sense of pride, while rentership (not really a word, but you get the point) creates a sense of carelessness.<\/p>\n

Once that very important lesson has been absorbed, investors should go into the process well informed. This means finding every book, article, blog, and person you can to help you gain a better understanding of what it really means to be a landlord. Don’t just listen to the people that say it’s easy. Look for the horror stories. Watch one of the many day time Judge Shows. Ask yourself if you could handle the worst of the worst. Once you feel fully informed, you are ready to begin the process of becoming Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you have been reading my posts, it may seem like I am all over the board. One day I am talking about mortgages, the next I am talking about agents, and today I am talking about landlords. The coherent theme behind all of these things is smart real estate investing. Commercial investors must have […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2,8,5],"tags":[],"class_list":{"0":"post-992","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-general","8":"category-investment","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":11,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11\/come-clean-landlords\/","url_meta":{"origin":992,"position":0},"title":"Come clean, landlords","author":"Odysseus","date":"November 18, 2005","format":false,"excerpt":"From the Arizona Republic:Real estate investors who falsely claim their rental houses as 'owner occupied' are potentially draining millions from the state treasury and soon could face criminal charges. Maricopa County Attorney Andrew Thomas launched an investigation this week after an inquiry from The Arizona Republic spurred him to question\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13997,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13997\/taking-the-plunge-as-a-real-estate-brokerowner\/","url_meta":{"origin":992,"position":1},"title":"Taking the Plunge as a Real Estate Broker\/Owner","author":"Tony Sena","date":"January 16, 2011","format":false,"excerpt":"I have been talking for years with Mark Madsen about opening my own real estate brokerage here in the Las Vegas Valley.\u00a0 I finally stopped talking and took action!\u00a0 On January 1st, 2011 I officially opened my own Las Vegas Real Estate Brokerage, Shelter Realty Inc. Prior to making the\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7532,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7532\/put-down-the-pipe-and-step-away-from-that-lease-agreement\/","url_meta":{"origin":992,"position":2},"title":"Put Down The Pipe – And Step Away From That Lease Agreement","author":"Doug Quance","date":"March 20, 2009","format":false,"excerpt":"Yesterday's Unrealistic Sellers Are Today's Unrealistic Landlords Just when we thought we had finally convinced all potential sellers that the real estate market was in a crisis - and that realistic pricing was the only way that a sale could be consummated - we now must deal with the unrealistic\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7472\/show-me-yours-then-ill-show-you-mine\/","url_meta":{"origin":992,"position":3},"title":"Show Me Yours – Then I’ll Show You Mine","author":"Doug Quance","date":"March 13, 2009","format":false,"excerpt":"Looking At Rental Properties With A Whole Different Perspective The more things change... well, the more they change. In the past, when you represented a tenant in the lease of a property, it was understood that the tenant would provide authorization for the landlord to perform a credit check, if\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":465,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/465\/blogoff-post-88-rental-house-smart-opportunity-if-set-up-as-business\/","url_meta":{"origin":992,"position":4},"title":"Blogoff Post #88: Rental house smart opportunity if set up as business . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is one of my personal favorites from my Arizona Republic column:I'm helping a young friend buy his first home. I've known him since he was in high school. I admired his decision to defer college for an arduous tour of duty in Iraq. He's back in school now and\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":224,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/224\/realty-reality-my-friend-andy-is-a-student-a-landlord-and-an-american-hero\/","url_meta":{"origin":992,"position":5},"title":"Realty reality: My friend Andy is a student, a landlord — and an American hero . . .","author":"Greg Swann","date":"August 19, 2006","format":false,"excerpt":"I've known Andy since he was a teenager, and Cathy has known his mother, Sally, since before Andy was a gleam in anyone's eye. I've always liked him, and it's not always easy for me to like teenage boys. 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