GIA TEAM
The Profit Blog
Turning Rental Problems into Real Estate Profits
Policies and Procedures As with any business…you will need to have documented Policies and Procedures in place for consistency and professionalism in your operations. Below is a list of Policies and...
Turning Rental Problems into Real Estate Profits
Evictions This is the final, big piece of information you need to know when you get into the rental business, because at some point, it’s going to happen. It’s not a matter of “if,” but “when”...
Turning Rental Problems into Real Estate Profits
Bookkeeping When you’re first starting off in this business, you’re probably going to do bookkeeping on your own, which is fine. You want to keep track of all your income and all your expenses. It...
Turning Rental Problems into Real Estate Profits
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...
Turning Rental Problems into Real Estate Profits
Rules and Regulations Violation of the rules and regulation shall be construed as a breach of the terms and conditions and a forfeiture of the lease agreement. The landlord, at the option, may end...
Turning Rental Problems into Real Estate Profits
The Lease 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 your...
Turning Rental Problems into Real Estate Profits
Security Deposits We’re going to start with security deposits. This is a very hot topic. There are some federal guidelines. The landlord-tenant law—the primary body of law—came out, I believe in...
Turning Rental Problems into Real Estate Profits
Discrimination and Compliance 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 the...
Turning Rental Problems into Real Estate Profits
Charitable Organizations Charitable organizations are not the same as a government program. Charitable organizations, as we look at them here, are typically private institutions. In other words,...
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