By Robert Shemin
Bestselling writer and millionaire landlord Robert Shemin outlines a good, step by step procedure for simplifying and organizing each point of the owner approach. as well as sharing real-life "war tales" from his a long time as a landlord, Shemin additionally offers valuable tricks and worthwhile kinds, regulations, and systems. secrets and techniques of a Millionaire Landlord finds: *Why such a lot landlords fail-and tips on how to keep away from making those error *The top kinds of estate to possess and deal with *Seven tricks to assist lease devices quicker and for extra money *Guerrilla advertising and marketing strategies that allure solid tenants *Six secrets and techniques of screening for nice tenants
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Additional resources for Secrets of a Millionaire Landlord
Example text
2. Check messages twice a day and write down all requests. 3. Return all calls within 24 hours. 4. Schedule repairs within three business days. 34 SECRETS OF A MILLIONAIRE L A NDLORD 5. Let tenants know, via phone or in writing, when the repairperson will come over. 6. Follow every completed repair with a phone call to tenants and ask if they are satisfied. Policies for Dealing with Contractors Many landlords do their own maintenance and repairs. As for me, I can’t fix anything, even if it’s changing a lightbulb.
However, many landlords save a lot of money by keeping their places in good repair through their own work. The truth is, no one will do it better than you because nobody else has the vested interest you have in the property. It’s important to understand that your time is money. Determine how much you can pay someone to paint the place or to fix the carpet or sink. I am not saying you should stop doing maintenance or change the whole way you run your business. I am saying that it is a business! And just like the president of IBM can probably fix a computer, he doesn’t use his time to run over to somebody’s office and make sure the computer there works right.
All this information could have been—and should have been—in your ad in the first place. You have just spent four hours repeating the same things. During three of those hours, you talked to people who are looking for a house or an apartment in another part of town. Most callers aren’t even interested in what you have to offer, so it becomes a complete waste of their time—and of yours. Put as much information as possible into your ad: “3-bedroom, 2-bath . . East Nashville . . take Gallatin Road, go left on Neill .
