Preventative Maintenance Tips

September 27, 2017

An ounce of prevention……a pile of cash saved

Like you, I try and plan my day and evening activities to minimize windshield time.  On Tuesday of this week, after dropping one of the kids off at his Boy Scout meeting, I zipped over to Lowe’s to pick up some Super Glue and Krud Cutter (to wash siding mildew). After paying for the items, I head over to the restroom before leaving the store and walk past the drinking fountains.  Here’s what I saw: Normally I would have kept walking, done my business, and left the store. But this actually made me stop, chuckle a bit, and shake my head. Notice the stream of water? Now, I get that things break all the time.  (Certainly not picking on Lowe’s….goodness knows they get plenty of my money each month as does Home Depot.)  One of my operating companies manages commercial properties, so I understand that part.  Kudos to the store […]
July 15, 2016

If it’s Chunky grab it–If it’s runny Dab it

  Your Financial Freedom with rental properties is achieved by improving your margins for continuous profitability. This improvement should include how to instruct your tenants on best practices to clean up the “Whoopsies” they make or perhaps their pets make. I asked one of my favorite contractors to do a quick write up on what he tells his customers on how to handle spills and such. Here’s the advice from Todd Francis, Owner of First Serve Cleaning and Restoration. “One of the most common mistakes we see that homeowner’s make is Scrubbing carpet to get a spot out.  They think “if I just scrub a little bit harder-put some elbow grease into it, maybe just maybe this spot will come out”.  What you will end up with is a section of carpet that is damaged as a result of your scrubbing and more than likely the spot will still be […]
April 26, 2016

The importance of Tenant keeping Utilities on….

If you’ve noticed a common thread to my posts, it is the critical nature of setting proper expectations for ALL PARTIES in a lease transaction.  In other words, it’s critical for the Tenant to know what is expected of them just as it is for the Landlord to know their role. Today’s article is about the need to properly and repeatedly communicate with Tenants about utilities.  And keeping them turned on! Now, most leases will have clauses in them about who pays for the utilities–Tenant or Landlord–and that is good to have this clarity.  Where I see the expectation “break down” between Tenant and Landlord or Tenant and Property Manager is this:  What about the time period when a Tenant voluntarily moves out of the home before the end of the lease and they turn off the utilities thinking they’ll save money? Case in Point:  The picture of this once-beautiful […]