When you have a house all set and ready for renters, the last thing you want is to be qualifying deadbeat tenants.  I have learned over time that the harder you make your phone interview process the better chance you have of saving yourself a drive.  Also, when you do show the home, your chances increase on getting good tenants.

For instance.  Instead of letting the potential tenant control the conversation, turn the questions on them. When they ask you how big the house is, tell them and in turn ask them a question.  "How soon are you looking to move in", is always a good one to ask.  

Also, make sure the tenant is ready to move.  A lot of times, tenants start looking around 2-4 months before they are even ready to move in - they may even want to see the home - this is a waste of time.

Next, you need to know about their financial situation.  Let them know that the security deposit and first months rent are always due before move-in.  If the rents are high, like 1200-1400 a month, this can cost the tenant a lot to move in.  Make sure they are aware of this before you even show the home.  Many will back out for this reason alone.  At least you didn't waste time showing the home.

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Can't get the fear out of your mind? All investors go through a anxiety period of being unsure of themselves.  Well, Most.

Pwning real estate is more than buying, fixing, and rent or selling.  It is confidence in your decisions.  To make good decisions in real estate, take a calculated risk in your assessment of your plan.

There are 3 areas that most new investors worry about when first buying real estate.  Getting tenants.  Rent loss.  Economy.

All three of these are excuses and not real reasons.  If you plan your actions ahead of time, you can be successful no matter who your tenants are, what your rents are set at, and no matter how bad Obama screws up the economy.

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It's not always common to agree with someone.. 

On occasion, ANYONE can make a point that is correct.  Even a clock is right twice a day.

While lounging - I happen across CNN and caught Michal Moore blabbing about to the host concerning the economy, capitalism, and life in the present. 

He was talking about how capitalism is now a different animal.  I agreed.  It is no longer a capitalism of self growth and expanding family wealth.  It is now a business of growing money.  Using money to grow money from other peoples money.  This is true.

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I will PWN You!

I just closed on a new house, so going to take a break for a few days..  Anyone want to get pwned in some COD:WAW?

Ok..  So most of you are here to learn about investing.  Thats all fine and all, and I love to teach it to you guys, but sometimes you gotta just take a break and get your pwn on.

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