How to make more money as a landlord Should You Own or Rent Your Own Home 2 months ago   05:20

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Rent Like A Pro
This video goes over the Payday Payment Plan - a popular chapter in the book: The Fee Bible, breakdown of over 27 fees that you can use to make more money and manage your properties better.

Find the book on Amazon: http://www.amazon.com/Fee-Bible-Detailed-Property-Management/dp/1493788604/

The Rent Like a Pro Team has over 20 years' experience in residential property management. They teach at various apartment associations and landlord organizations. They have managed thousands of properties from large, multi-family complexes to single family homes. Their online video training program has helped many landlords and property managers increase their income and improve their management systems.

Rent Like a Pro is a team of professional property managers collaborating to develop a site that gives landlords access to the tools and techniques the pros use. This site is a source of the most up-to-date property management and landlord techniques for building residual income through real estate investing.

For more techniques and information, go to http://www.rentlikeapro.com/free-training/

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Comments 56 Comments

Cyn Ho
I'm considering changing tenants to a week to week rental - hoping that would minimize the inevitable eviction process. Is there any serious drawbacks on this? I was planning on adding on (garages & conversion from 1bed to 2bed) & just now realized the lender might not be too thrilled with no long term leases in place. Your thoughts please?
The Angry Economist
You would think a pro knows the difference between renting and letting
Endy M
👊🙌
GoWorld9
The math is wrong at 3:00, you had calculated payments based on the number of weeks in a year (52) and should have used the number of MONTHS in a year because no one pays weekly or they could end up paying 5 times in one month if there are 5 reoccurring "Fridays" for example. It should be that bi-weekly payments of $260 add $20 dollars more a month ($520) and $20 x 12 is simply $240. totaling $6,240 annually, and so on. Correct me if i'm wrong and if i am not, you published a book with that wrong info?!?
D. Levi Chestnutwood Boillot
Hmm...I like it because it gives a shorter leash towards tenants that may have trouble with payment history, but I also think it is taking advantage of their lack of knowledge.
Tyler Bundy
As a property manager, would you keep the extra that is above the lease amount that the owner wants to rent at? Can you even do that? If so how do you share that with owners?
Tony Martinez
I bought my first property when i was 22 years old and ive used this method i alwayz used the three strike rule that i put on my lease which means ( and mind you rent was at a good price that included hot water and light) $625 a month not bad i belice. And it baffeled me how ppl that i rented it out were having trouble paying rent. Mind they alwayz bought tvs ipads cars stuff like that but in the end it works out. Paitence and management is key.
Andy Yang
this is fckin stupid! why would I as a tenant want to pay more for rent. what an idiot if youre one of these dumb ass.
Brenda Reed
Trying to find the landlord meeting in Harvey tomorrow
User1
If tenants can manage their personal finance well, they usually pay rents on time in full on the 1st of each month which they don't need bi weekly or weekly payment plans. On the other hand, if tenants have trouble with managing their personal finance or financially irresponsible, they usually either pay rents late or no savings to cover any unexpected expenses. So it would be more risky or troublesome for landlord to provide bi weekly or weekly payment plans to those kind of tenants, because those tenants could tell you this any time in the future: "I don't have money now n what are you gonna do with me?"
Joseph //
How are these tenants costing a landlord more time/money?
moviemobster23
great video but i cant afford the 4/6 flat i want so could slowly buying sing family homes and growing be feasible or would property taxs kill my profit? maybe i should speak with a financial planer who can go more in-depth with my situation ?
Starvin Marvin
This should be how to gyp people and jack the rates up
Eric Perkins
I'm an aspiring landlord. What types of books and/or training should I get to become a successful landlord?
Ari3s Stevens
Are late fees applied differently with these different payment options?
TheReggiereg1
I like that. Thanks
BroManGaming
I have done this for years. It is great. I don't do it for the extra money, but because It is also easier to evict a tenant for non payment. You know sooner that they are having trouble paying and you get more judgements per month, which gets them out easier.
Antonio A
Great video. I'm glad to see I'm not the only one that writes like a 3rd Grader!
az21bob666
I have a few question first,  do you really get calling at 3 am about my tolet does not work, what I mean is if you own a 10 unit apartment and a job, but go on vacation, how offend do you really get calling that would make you come back,  and are there repair company you can pay  ahead of time, if you out of state.
Kim Jong il
any books I'm trying to buy houses in Mexico since I don't have much and do thia
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Should You Own or Rent Your Own Home How to make more money as a landlord 2 months ago   29:27

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http://www.freedommentor.com/own-or-rent-your-own-home/ - Discover if you should own or rent your own home. Homeownership is highly valued but can renting be a better deal?