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It's Mandy
United States
เข้าร่วมเมื่อ 25 พ.ย. 2017
Hey Guys! My name is Mandy. I started this channel to share my journey with owning rental properties. I promise to share both the good and the bad and to always give you my honest, unfiltered opinion.
How to Deal with Difficult Tenants | Happiness Clause
Here is an example of a Happiness Clause. Obviously you should modify it to fit your needs. This one informs them that the lease will not be renewed, while that may be appropriate in some cases, I don't think most situations call for that.
"Home is where the heart is. We believe that everyone should absolutely love their home and that's the standard we've set for our company for the past ten years. Unfortunately, sometimes things aren't a great fit. We've noticed that you've experienced a consistent pattern of dissatisfaction with your home and our company's service.
We'd like to make that right. Effective immediately, you have the option to end your lease, for free, at any time, with a simple 30 days written notice and ending the lease at the end of the month. This offer will remain in effect until the final move out date of August 31st. This also serves as your official notice that your lease will not be renewed at the end of the term.
We'll continue to uphold all provisions of the lease on our end - including your ability to live in the home the entire duration of your lease term, should you choose, and providing you with the same level of maintenance and service that we do our entire portfolio. We hope that this option provides you with flexibility and peace of mind."
Here is a second example:
"I want my tenants to be happy in their home. You don’t seem happy and haven’t been for a while. So you can terminate your lease in the next 30 days for no penalty and we can go our separate ways. However, if you stay, this issue is deemed to be resolved and I won’t be addressing it again."
Credit for Happiness Clause: groups/396178827970783
"Home is where the heart is. We believe that everyone should absolutely love their home and that's the standard we've set for our company for the past ten years. Unfortunately, sometimes things aren't a great fit. We've noticed that you've experienced a consistent pattern of dissatisfaction with your home and our company's service.
We'd like to make that right. Effective immediately, you have the option to end your lease, for free, at any time, with a simple 30 days written notice and ending the lease at the end of the month. This offer will remain in effect until the final move out date of August 31st. This also serves as your official notice that your lease will not be renewed at the end of the term.
We'll continue to uphold all provisions of the lease on our end - including your ability to live in the home the entire duration of your lease term, should you choose, and providing you with the same level of maintenance and service that we do our entire portfolio. We hope that this option provides you with flexibility and peace of mind."
Here is a second example:
"I want my tenants to be happy in their home. You don’t seem happy and haven’t been for a while. So you can terminate your lease in the next 30 days for no penalty and we can go our separate ways. However, if you stay, this issue is deemed to be resolved and I won’t be addressing it again."
Credit for Happiness Clause: groups/396178827970783
มุมมอง: 12 612
วีดีโอ
Great Investment Property | Cost Breakdown
มุมมอง 4.9K3 ปีที่แล้ว
This house has been a great investment property. It's in a good location and the expenses associated with this house have been significantly less than some of our other properties. Property taxes are low and it's on the city sewer so we don't have the added maintance and cost of a septic tank. 4:33 - Tour of Property 12:47 - Cost Breakdown Purchase Price - $36,00 Recent Remodel - $22,116 Utilit...
Failed Investment Property - Bad Location or Bad Management?
มุมมอง 3.7K3 ปีที่แล้ว
My dad bought this property in 1997 for $22k. Unfortunately I can't share with you the exact numbers on the house because my dad didn't have good records (especially for this house). I know in the last five years we did the following repairs: 1. Replaced Water Heater ~ $750 2. Replaced Propane Wall Oven ~ $1,000 (includes install by plumber) 3. Small Water Leak ~ $120 And in the last 10 years, ...
Rental Property Walkthrough | Arkansas | $650/month
มุมมอง 9K3 ปีที่แล้ว
This is my latest turnover. I was very fortunate that the tenant left the house in almost rent ready condition. I had a little cleaning, a little paint to touch up, and a couple tiles to re-grout. All in all it took less than two weeks from her moving out to the new tenant moving in. Purchase Price (2016) - $40,000 Total Rent Collected - $29,857* Maintenance ~ $20,309 Current Property Value ~ $...
Apartments.com Full Review | Free Property Management Software
มุมมอง 33K3 ปีที่แล้ว
Apartments.com is a free property management software that allows you to collect rent, list properties, track expenses, and communicate with tenants. 00:47 - Rent Collection 04:15 - Late Fees 05:00 - Payments Page 07:27 - Listings/ Tenant Applications 10:56 - Expenses 12:14 - Income Statements 13:27 - Maintenance Requests 14:29 - Complaints
5 Things I Hate About Being a Landlord
มุมมอง 11K3 ปีที่แล้ว
Most days I love being a Landlord. And as a whole I have way more positive encounters than negative ones. However, just like with everything in life, there are negatives to being a landlord. Add any negatives you think I missed in the comments! Favorite books for Finance/Real Estate: The Millionaire Next Door - amzn.to/3mXrw3d Rich Dad Poor Dad - amzn.to/3kTJWPM Favorite TH-cam Channels for Rea...
Living off the Federal Minimum Wage | Is It Possible?
มุมมอง 3K3 ปีที่แล้ว
For the entire month of June, I lived off the federal minimum wage. We were able to do without making many changes to our normal spending and with money left over at the end of the month. The only topic that I didn't discuss in the video was health insurance. Health insurance is such a complicated topic and I'm not sure what a reasonable premium is for someone making minimum wage. I actually ju...
Rundown Foreclosure to Rental Property | Completed Renovation
มุมมอง 3.3K3 ปีที่แล้ว
Finally finished renovations on the foreclosure we purchased back in November. Property Walkthrough - 2:03 Repair Cost Breakdown - 10:44 Holding Cost Breakdown - 20:05 House Value/Rent - 22:29 Original Foreclosure Property Video: th-cam.com/video/F10RP5lrbYI/w-d-xo.html
How to Check Landlord References | Property Management
มุมมอง 16K3 ปีที่แล้ว
As a landlord, tenant screening is one of the most important things you do. In my opinion, landlord references are one of your most valuable tenant screening tools. This is definitely a place tenants can (and do) lie on their application, but there are several steps you can take to verify that the provided landlord contact information is correct. More information on using the county assessor's ...
Can You Actually Live Off Minimum Wage? | Part One
มุมมอง 7K3 ปีที่แล้ว
Part Two: th-cam.com/video/v7WO4ka28l8/w-d-xo.html You can watch the entire video from the WHAS11 news clip here: bit.ly/2SPEsuV I'm naturally a really frugal person. But I think even for me living on the federal minimum wage might be challenging. My goal is to try and live off $7.25/ hr without making very many sacrifices in my normal routine. I would also like to note that even though the min...
January Maintenance Requests - Rental Property Management
มุมมอง 2.8K3 ปีที่แล้ว
I hesitated to post this video - which is why it's several weeks late - because it feels very DIY and I'm probably the last person on the planet who should be giving DIY advice. Anyway, this is how I've been handling maintenance requests lately. I will transition to being way more hands off by this summer when I'm managing long distance again, but for now I am back home working on the two vacan...
Rental House Tour - The Blue House
มุมมอง 2.4K3 ปีที่แล้ว
This is what $800/month will get you in rural Arkansas! Actually rent has increase significantly in our area in the last 12 months. This is a 1,400 sq.ft., 3 bed, 2 bath house. Here is a breakdown of what we have put into this house since we purchased it in January 2020 - costs are approximate: 1. New Roof - $7,500 2. New Exterior Paint - $4,500 (I let the contractor pick the color - I'm use to...
New Property Tour - $45K Foreclosure
มุมมอง 2K4 ปีที่แล้ว
We purchased this foreclosure for $45,000 at the end of November. The previous owner actually passed away a few years ago and the house has just been sitting vacant since then. It needs a good bit of work, but it will be a great investment property. Once all the repairs and renovations are complete, I expect to have about $65,000 to $70,000 in the house and I will rent it for around $850 a month.
Rental Property Income and Expenses - November & December 2020
มุมมอง 2.9K4 ปีที่แล้ว
I share my expenses for my rental properties each month in detail. Hopefully these videos can help give you an idea of the kind of expenses to expect if you own rental properties. January Finances: www.youtube.com/watch?v=j_1dj... February: www.youtube.com/watch?v=b50MZ... March: www.youtube.com/watch?v=EUMsQ... April: www.youtube.com/watch?v=TGrne... May: www.youtube.com/watch?v=LT1eF... June:...
Number One Tool for Finding Investment Properties | County Assessor
มุมมอง 12K4 ปีที่แล้ว
Number One Tool for Finding Investment Properties | County Assessor
Biggest Mistake of 2020 | Rental Properties | Contractor Drama
มุมมอง 6K4 ปีที่แล้ว
Biggest Mistake of 2020 | Rental Properties | Contractor Drama
Rental Property Income and Expenses - September & October
มุมมอง 1.8K4 ปีที่แล้ว
Rental Property Income and Expenses - September & October
4 Reasons I Have Rental Properties | Business Goals
มุมมอง 4.4K4 ปีที่แล้ว
4 Reasons I Have Rental Properties | Business Goals
Contract for Deed vs. Mortgage | Owner Financing Rental Properties
มุมมอง 4.7K4 ปีที่แล้ว
Contract for Deed vs. Mortgage | Owner Financing Rental Properties
Having a Cash Reserve for Rental Properties | Real Estate Investing
มุมมอง 2.2K4 ปีที่แล้ว
Having a Cash Reserve for Rental Properties | Real Estate Investing
Rental Property Income and Expenses - July and August 2020
มุมมอง 1.5K4 ปีที่แล้ว
Rental Property Income and Expenses - July and August 2020
Evicting a Tenant over One Dollar? | Plus Personal Update
มุมมอง 2.7K4 ปีที่แล้ว
Evicting a Tenant over One Dollar? | Plus Personal Update
Owner Financing Rental Properties to Tenants
มุมมอง 2K4 ปีที่แล้ว
Owner Financing Rental Properties to Tenants
Rental Property Income and Expenses - June 2020
มุมมอง 8K4 ปีที่แล้ว
Rental Property Income and Expenses - June 2020
My Experience with Letting Tenants do Repairs
มุมมอง 8674 ปีที่แล้ว
My Experience with Letting Tenants do Repairs
Rental Property Income and Expenses - May 2020
มุมมอง 4524 ปีที่แล้ว
Rental Property Income and Expenses - May 2020
Pros and Cons of Buying Tenant Occupied Rentals
มุมมอง 9K4 ปีที่แล้ว
Pros and Cons of Buying Tenant Occupied Rentals