The Underground Landlord

  The Art of Eviction The Art of Eviction!  No matter how great your screening process is, occasionally you will run across the need to go through with the eviction process. First off, there are other terms you may run across while doing this so here we go. Before diving into something we must define it. Websters dictionary defines eviction as the following: e·vic·tion [iˈvikSH(ə)n] NOUN the action of expelling someone, especially a tenant, from a property; expulsion: "the forced eviction of residents" synonyms: expulsion · ejection · ousting · throwing out · drumming out · driving out · banishing · banishment · removal · dislodgment · displacement · clearance · dispossession · expropriation · defenestration · ouster · outing Now we have a clear definition of eviction, let us move on to determine when it should happen. There are some differing schools of thought here. Some more rigid by the book proprietors begin the eviction process immediately upon the first day possible in

  There is lots of talk these days on tenant blacklist. Everyone has an opinion and you hear many times people state that they are illegal. Well, to begin with, let's define what a tenant blacklist is. Upon Searching google with the question. What is a tenant blacklist this is the answer at the top of the page. "A tenant blacklist is another name for a tenancy database or a ‘bad’ tenant database . Run by private companies, they collect and store information about tenants. Real estate agents and landlords may use them to screen people who have applied to rent a property." So for a database to be in existence the data had to come from somewhere right? Well, where did this data come from? Winston Law LLC did a comprehensive job on tenant blacklist and where they originate. I believe you will be quite surprised. From the name you may think back room deals or mafia guys in trench coats selling vital and illegal information to shady characters. Well, wrong, that's just n

Rising Cost of Rent? Why? Over the past few years, Rent has nearly doubled in many areas of the United States. Obviously the first to be blamed is the landlord as the word landlord in today’s English language has become synonymous with target. While many things determine the cost of rent and effect it in the market, we live it is rarely if ever the landlord just wanting more money that drives it higher and higher at such a quick pace. Several factors affect the cost of rent. One being the initial cost of the house plus repairs to make it livable. Another is the cost of maintenance, insurance and taxes on these properties, and another is compensating for bad renters. As stated above, overall cost of the initial house directly effects the cost of rent. Most landlords adhere to the rule of 1%. This states that to be safe in a property you need to be able to rent the property for 1% of the total purchase price. Immediate repairs would also need to be factored into this as well to cover

 Hello everyone. My name is David and I am the original and the official  Underground Landlord .  I have been in the rental business for over 20 years. I have made almost every mistake possible along the way and my woes can become experience for you. Hopefully from the mistakes I have made you can glean some wisdom and save yourself some major problems along the way. As you know the first step in becoming a landlord is buying a property.  Obviously you need to get the property at a good price for it to be viable and many times this includes buying properties that need some work and you putting the sweat equity in them to make them what you want. You will hear lots of speakers talking about cap rate, return on investment, etc. etc. etc.. These are all very important but fortunately if you get one of these wrong it's not the end of the world,  There are however a few skills you need to master to be successful in the rental business.  To be very successful in the rental business as a