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Clipping is a handy way to collect and organize the most important slides from a presentation. The results are in for the Best Real Estate Investing Blog Contest, and while I did not win, I took the loss in stride, with a minimal of gratuitous moping and whining. Congratulations to Susan Lassiter-Lyons at The Investor Insights for winning the blog contest! However, my wife and I do everything in our power to keep them from ever even consider moving. In the rental house business, we use a light touch when communicating with tenants. A phone call is good when you need to quickly get in contact with your tenant, but if it’s not an urgent matter, our preferred means of communication with tenants is by sending them memos by regular mail.

For example, if the tenant is not keeping up the yard work around their rental property, as agreed upon in the rental contract, we will write them a note in a calm and respectful manner identifying the problem. A phone call could easily put them in a defensive position, and turn into a heated conversation, which is the last thing we want. This is not theory, but real life experiences of building a fix and hold real estate business.
With the wit of Will Rogers, this book provides simple guidelines for restoring homes, and sanity to our crazy lives. We may make a reference to the section of the contract that requires them to keep up the yard (but only if they are a repeat offender), and describe what needs to be performed to meet the terms of the agreement. We will usually call and let them know well ahead of time if we plan to do some preventative maintenance, on the roof, for example.

And, we have a written record of what we have told them that we keep in the tenant’s file folder. If a plumber cancels an appointment, we’ll call them so they are not waiting around all afternoon for no reason.

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