January U.S. Overall Delinquency and Foreclosure Rates Lowest in At Least 20 Years The nation’s overall delinquency rate was 4 percent. No state logged an annual gain in its serious delinquency or foreclosure rate; only North Dakota posted a gain in the overall delinquency rate. In January 2019, 4 percent of home mortgages were in [...]
Making The Impossible Deals Possible, Bill Cook A realtor asked me to show her a real-world example of a deal we did that demonstrates how we make impossible deals possible. No problem, but I ask one favor: As you read this, BEFORE reading how we structured this deal, think about how YOU would have put [...]
Question: 60 days before my tenants’ lease expires, I always send a renewal letter telling them what their options are: they can sign a new lease, they can stay on a month-to-month lease at a higher rental rate, or they can terminate their lease. Recently, I sent out one of these letters but then started [...]
What information can you ask for, and what information should the old landlord provide? In the rental industry, it has become common practice that when landlords qualify potential applicants, they send out rental verification forms to previous landlords. This is a good way to get some insight into how the applicant will be as a [...]
Whether its due to an influx of assisted animals or because landlords are becoming more pet-friendly, anecdotally, we have seen an increase in the number of animals in rentals. As a result, we are seeing an increase in incidents involving dog bites and attacks. In Arizona, the owner of a dog is strictly liable for [...]
Question: I texted my tenant that the rent was owed and sent a picture of the 5-Day Notice for Non-Payment of Rent. They responded by saying, “I will pay the rent.” Is that valid service? Answer: You have a decent argument you can make that notice was valid because they have actual knowledge of the [...]
