You are currently viewing Being a Landlord (Lord) in 2021

Being a Landlord (Lord) in 2021

THE LANDLORD BUSINESS IS NOT ALWAYS EASY​​​

Being a landlord is something, I have done it for so many years. I was lucky to buy a few homes years ago that I didn’t fix and flip. And I held onto them and rented them out. I wish I had kept more. But I don’t always wish I was a “Lord” But as a friend of mine used to refer to(lord). 

Being a landlord and owning property is a blessing especially with the appreciation in values over the years. But when you get a bad tenant you always think about selling. This isn’t just me I’ve heard this from many property owners over the years that rent out their places. This is the first steps to becoming a landlord

being a landlord
Lord (Landlord)

1.Tip’s for future landlords. Always try and find the best tenants.​

This tip may seem obvious but you can’t believe how many people get into the landlord business and I have met over the several years so many landlords that make this mistake. What I mean by that is we tend to take the least path of resistance sometimes and let a friend or family member rent out our places. 

Sometimes we don’t want to spend the time researching the interested parties. Because the clock is ticking on the bills and putting a new tenant in the place fast helps keep the cost down. Family members and friends were maybe awesome but from my experience, it’s not always the case. But they were there and they wanted to rent it and heck their family, right? I hope it works.

being a landlord
Tenant

2.THE BAD TENANTS CAN DESTROY PROPERTY AND NOT PAY RENT​

Most tenants are good. So don’t get discouraged but things happen in their life’s and sometimes you just get a bad one. I’ve had awesome tenants lease from me but next thing you know it’s a married couple and they are getting a divorce. Sad it happens and they leave the house and the dog too. Just like that. My most recent tenant’s lease was up and there were 3 people on the lease. 

And each had a dog. The dogs had done some major damage to the doors and shutters and more and each tenant blamed the other so, I was not able to figure out who was at fault. These are just a few examples of the real-life consequences of being a landlord. If you lucky over the years of leasing out a place and the tenants are good they help you pay down the loan and add more value to the home will motivate you to be a landlord.

being a landlord
residential lease

3. IT’S A HIT AND MISS BUSINESS NO MATTER HOW MUCH RESEARCH YOU DO

I Continue to lease my rental homes even after some really bad experiences. Because my choices are very simple. Did I sell, lease, or Airbnb my homes. I have sold a few of my rental homes and realize with my experience I should’ve kept them. 

So I keep leasing some of my homes and experience good and bad tenants. I love the Airbnb business but it’s truly a lot of work. I could turn the Airbnb responsibilities to a management company but the fees are not cheap and they expect you to spend money and still work so I might as well do it myself. 

Then I feel like I can control the quality of work and making sure that the guest are happy. There is no right or wrong way to be a Lord and you are going to make mistakes it’s the business. I wish everyone the best of luck and please reach out to me for any questions if, I can help I’m happy to. Thank you. 602 299-1743 or email and live chat on www.letmeearnit.com

being a landlord
Airbnb business

Angelo Sbrocca

Let Me Earn It Owner Angelo Sbrocca Has over 35 years experience in Real Estate and business and extensive knowledge of the area

This Post Has 36 Comments

  1. Deana Jones

    I have been surfing online greater than three hours today, yet I never
    discovered any fascinating article like yours. It’s lovely worth sufficient for me.
    In my view, if all web owners and bloggers made just right
    content as you probably did, the net can be a lot more helpful
    than ever before.

  2. Angelo Sbrocca

    Hello and thank you and Happy Holidays. You made my day and your reply is awesome. Stay safe and let’s have a great 2021.

  3. Leslie Erwin

    Howdy just wanted to give you a quick heads
    up. The text in your content seem to be running off the screen in Chrome.
    I’m not sure if this is a formatting issue or something to do with browser compatibility but I
    thought I’d post to let you know. The style and design look great though!
    Hope you get the problem solved soon. Many thanks

  4. Geraldine Graham

    I am sure this piece of writing has touched all the internet visitors,
    its really really pleasant post on building up new webpage.

  5. Nicole Mott

    It’s perfect time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I desire to counsel
    you few fascinating issues or tips. Maybe you could write subsequent articles regarding this article.
    I desire to learn more things about it!

  6. Hobert Fraleigh

    Hello this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!|

  7. Hi there, You have done an excellent job. I’ll definitely digg it and personally recommend to my friends. I’m confident they will be benefited from this web site.|

    1. Angelo Sbrocca

      Wow, you made my day with what you wrote. Stay safe and happy New Years.

  8. Patricia Guthrie

    I truly love your website.. Pleasant colors & theme.
    Did you build this amazing site yourself? Please reply back
    as I’m trying to create my own personal site and would like to know where you got this from or just what the theme is named.

    Cheers!

    1. Angelo Sbrocca

      Thank you and happy New Years to you.

  9. Larry Gonzalez

    Hi, i think that i saw you visited my weblog so i came to “return the favor”.I’m attempting to find things to improve my web site!I suppose its
    ok to use some of your ideas!

    1. Angelo Sbrocca

      Happy New year and yes anytime and anything. Go for it.

  10. Betty Gaddy

    It’s perfect time to make a few plans for the future and
    it’s time to be happy. I have learn this submit and if
    I may just I wish to suggest you few fascinating things or tips.
    Perhaps you can write next articles regarding this article.
    I want to learn even more issues about it!

    1. Angelo Sbrocca

      Yes I will

  11. Vernon Flanigan

    I simply couldn’t go away your website before suggesting that I actually enjoyed
    the usual information a person supply for your guests?
    Is going to be back continuously in order to check out new posts

    1. Angelo Sbrocca

      Happy New years and thank you and stay safe.

  12. Thomas Boyette

    It is perfect time to make some plans for the long run and it’s time to be happy.
    I’ve read this post and if I may just I desire
    to recommend you some fascinating things or tips. Perhaps you could write
    next articles relating to this article. I wish to read more
    things approximately it!

    1. Angelo Sbrocca

      Happy New Years and thank you and great idea. Stay safe.

  13. Lupe Jamie

    I have been surfing online greater than three hours these days, but I never discovered any fascinating article
    like yours. It’s beautiful worth enough for me. In my view, if all web owners
    and bloggers made just right content material as you did, the web shall be
    a lot more helpful than ever before.

    1. Angelo Sbrocca

      Happy New Years and thank you. Stay safe

  14. Donald Halsey

    There is definately a lot to find out about this issue.
    I really like all of the points you made.

    1. Angelo Sbrocca

      Happy New Years and thank you. Stay safe

  15. Tony Rafferty

    Whoa! This blog looks exactly like my old one!

    It’s on a completely different topic but it has pretty much the same layout and design. Superb choice of colors!

    1. Angelo Sbrocca

      Hello and thanks.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.