Bookkeeping How do you account for your income? How do you account for your expenses? The challenge comes in when you have multiple properties and you need a way to keep everything itemized by...

Maintenance and Repairs Maintenance and repairs; the bottom line is when you own a rental property, just like your own home, just like a car, it’s going to require maintenance and repairs. Now, for...

PETS, SMOKERS, AND NUISANCE CALLS My first pet policy was a no-pet policy which was what most of us do.  I discovered over the years that even though I had a no-pet policy, I still...

Lease Rules and Regulations I have a list of rules and regulations that I put in place in my leases. This is something you can do. It doesn’t matter what lease you have. Again, you’re going to use a...

Rental Leases No matter where you are, we always recommend you use the lease from your state’s board of realtors. Sometimes, you may have multiple boards of realtors in a state, so whatever board...

Security Deposits The landlord-tenant law—the primary body of law—came out, I believe in 1957. It’s known as the Landlord Tenant Act, and most states have adopted their own versions now. This is...

Discrimination and Protected Classes There is a Federal law that comes from the Civil Rights Act of 1964 which has to do specifically with fair housing. Within fair housing, they have what they call...

Charitable Organizations Charitable Organizations are not the same as a government programs. Charitable organizations, as we look at them here, are typically private institutions. In other words,...

What is Section 8? Federally subsidized housing for low-income families and individuals, formally known as the Housing Choice Voucher Program. Section 8 is a government program for assisting very...