The Underground Landlord

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 ...