Category Archives: Property Management

rats never give up

rats never give up, or do they eventually.

I want to share a story, that lead to rat education for me and my tenant of a single family home I had rented to a couple.

I recieved a call one hot July day, that there was a rat sighting in the house.  The tenants seemed upset about the situation.

click here to buy a complete guide to residential property management

I went to the house and set some traps.  It was about a week later, I recieved another call from the tenant.  She said there was a foul odar coming from the closet that holds the water heater.

I paid a visit and found a decomposing rat in one of the traps I set.

There I am on a hot July day day standing in the kitchen of this house with a dead rat in a trap, and I notice maggots falling on the floor.  Fortunately I had cleaner, paper towel and a garbage bag, so I was able to quickly clean up the maggots that were squirming around on the kitchen floor.

About two months went by, and another call came in.  Yes, you guessed it, another rat sighting.

This time I called in an expert for some help.  I called a professional exterminator, that I have used before.   He came out and set up some poison traps.

I asked him to survey the property and make recommendations on how I can prevent rats from entering the house.

He made some recommendations, and showed me some spots around the foundation / crawl space, that he thought they might be getting in.  I had my handyman come out and seal up areas, that were of concern.

He also mentioned rats do not like change.  He said to move things around in the crawl space basement.  That might be enough to have them leave.

He also pointed out how destructive rats can be.  They can eat through pretty much any material.  Not even metal can stop them, if they want to enter a building.

Click here – for 11 chapters of property management stories

He also suggested items, I needed to address with the tenant.

I thanked him, them I met with the couple renting the house, and told them what the exterminator said.

You see, this couple was not big on lawn mowing, so the first thing the exterminator suggested was to keep the grass cut short.  I also had to talk to them about the overflowing garbage cans (apparently they missed garbage day).

The good news, is that, this situation happened a few few years back, and I have not had any rat issues since (with this property).

Have you had any hard to deal with rodant problems?

I wrote a whole chapter on the subject.  Chapter 10 in my book.

If you would like a copy, click this link.

Buy our book

Landlord by Design – Complete Guide to Residential Property Management

Is Your Property on a Bed Bug Registry?

If you have had to deal with bedbugs in one of your rental properties, I am sure it was a stressful and costly situation.

It seems like there are times when the media makes it seem like the world is infested with the critters.

The reality is,  that you will likely have to deal with atleast one bedbug issue in your landlording career.

The important thing to do is to not over react, and follow a process, put in place by professionals.

If you do hire “professionals” make sure to ask for referrals and get a written warranty.

Make sure they will be doing things like removing switch plate covers, putting plastic covers over matresses.

You will also need cooperation from your tenant.  All clothes, towels, bedding etc. will need to be washed in hot water, dryed on the hottest dryer setting and placed in plastic bags.

If you or your tenant choose to keep any furniture, it will need to be bagged, cleaned and sprayed.

Here are some preventative measures:

Enter the tenants current address into a bedbug registry like the one you can link to in this post.

Bed Bug Registry Link

If you are dealing with tenants coming from known areas, properties, or countries with bedbug problems ask lots of questions.

Make sure your tenants are not picking up furniture on the side of the road and bringing it directly into their rented space.

It is also not necessarily a problem for the poor.  Many people believe that it can only happen in C class buildings.

Here is a reality check.  A well off traveller could come from a country with bedbugs on their clothes.  Then stay in an expensive hotel room.  The next day your well off tenant could stay in that room and pick up the bedbugs.

You may not have your guard up and just let them move in.  A couple nights later, they are complaining and freaking out at you.  You could be blamed.

The challenge is, that many times the person who may bring the bedbugs in, will not have the funds or willingness to take responsibility for the cost of extermination.

The job and expense will be put on you, the landlord.

If it affects more than one unit, you may also be picking up the tab for extermination in several units.

That can get expensive, and if they are not exterminated correctly, they may come back.  They often lay eggs in places like behind switch plates or in crevices of furniture.

If you are curious, enter the address of your properties in the search section of this website (or similar) http://bedbugregistry.com/about/

I want to note that this site and others like it, will probably not be able to verify the posted information.  The information is posted based on the honor system (so, get all the facts before you make any accusations). – Bed Bug Registry

Also check the dates on when the information was posted.

At the end of the day, I hope you never have to deal with bedbugs, but if you do, I hope this post helps.

If you want other great information about managing properties and being a landlord, hop on over to Amazon.com and get a copy of our book.

Click here to buy our book

 

What happens when the book goes live

 

Michael P Currie
Michael P Currie – President of Landlord By Design

Landlord by Design – Complete Guide to Residential Property Management

Buy it on Amazon.com by clicking this link

Well here we are on Amazon.com launch day.  All the work that we did to get to this point is done.

It is an amazing feeling to know that I will be able to help so many people who are or were just like me.

I am so passionate about this book, because I know it would have helped me avoid some serious mistakes, and saved me a lot of time and money.

Click here to purchase right now

If you are a property manager, real estate investor, or own / manage any income properties, I hope you will download or order my book, read it, and write an honest review on Amazon.com

Click this link now, you will be glad you did

The most important member of my team

Thank You

Today, I was asked the question of if I were to start over, who is the first and most important person you would ask to join your team?

That was a tough question to answer, and really made me think about all the great people that helped and still are helping with our business.  I decided I would post the acknowledgement section of my book in a post.  I could likely write a book on how each one helped, is still helping, or how great they are in skill and most importantly character.

I believe in business you do not need to know how to do everything, you just need to surround yourself with the best and brightest people.

So here it is, please feel free to reach out if you would like a more personalized reference, if you chose to use any of the services from these people:

I want to recognize some of the great people who have helped me get to where I am today. It might have been through a business association, or a shoulder to cry on, when I had a tough day.I am so grateful to have met the following people.

These are all very special business people. Make sure you check out the websites of some of the folks who played a supporting role in my business.

The first shout out might be obvious, that’s to my wife, Shelly Currie. She’s also my property management/landlording partner. It’s so amazing that I was able to find someone to share my business and life with. Thank you, Shelly for joining me on this amazing journey.

I want to shout out to our business partner and vice-president of The Fort Nova Group (our real estate investment company), Michael Thibeau.

I want to thank my dad, Don Currie and stepmother, Maureen Currie, who on more than one occasion have stepped in to help with various property management and cleaning jobs. Sometimes, we need all the help we can get to meet tight timelines.

Stefanie McDonald – has assisted me with some challenging tenant issues, and has provided me with amazing business advice: Halifax Paper Hearts – stefanie@halifaxpaperhearts.com

Egon Wallet – Palm Beach Properties – Egon has supported my real estate investing career and introduced me to Richard Payne’s real estate investing group. wallet_egon@hotmail.com

Richard Payne – Keller Williams Realty – Multifamily investor and founder of The Halifax Real Estate Investors Meetup group – richard@richardpayne.ca, Richard@invictaproperties.ca

Scott Bentley and Igor Geshelin – The Bentley Group at Premiere Mortgage Centre.  These two are responsible for finding the cash for all our projects. www.thinkBENTLEY.com

Patrick Johnston – serial entrepreneur, motivator –  patrickmjohnston@gmail.com

Nick Harvey – always there for advice, very knowledgeable about the power of positive thinking. Realtor, property manager, founder of HRM real estate meet up nick.harvey@century21.ca

Selby Gossett – a realtor who knows how to hustle and gets deals done sgosset@remax-valley.com

Gail Boudreau – a realtor who is always ready to serve and who always goes above and beyond
boudreaug@sutton.com

Christian Thibaudeau – Founder of ABC Property Management Ltd. – A key property and project manager. My eyes on the ground – 902-247-5918

Christian and Kim Thibaudeau: TCK Enterprises Ltd. Project and Investment property Consultants –  tckenterprisesltd@gmail.com

Keith Dexter – Serial entrepreneur, business mentor – makes complicated business problems look easy – kdexter@helmco.ca

Randy Stevens – Real estate investor, mentor – makes real estate investing look easy – jdrstevens@estlink.ca

John Copp – serial entrepreneur and friend – thank you for pushing me out of my comfort zone many times – john@creativecurvemedia.ca

Garnet Brooks – Lawyer, Internet marketer – the person who encouraged me to start a blog, and takes care of all our legal work. garnet@entrepreneurlaw.ca

Ian Knowles – General Contractor – let’s just say we have both been through a lot together – kconconstructionltd@hotmail.com

Edwin Maremont – Kore Construction, real estate entrepreneur – always there for advice and willing to help when I have serious maintenance issues – emarmont@gmail.com

Alex Jacobsen – Home Inspector – always ready to help – alex@novaspec.ca

Eric Wier – electrical contractor, we’ve run some serious wires together – erico.energy@live.com

John Pace – Pace Plumbing, always on call for us, no matter how busy they are: 902-477-4633

Derek Kaye – Internet Marketing guru – thank you for helping me navigate and open my eyes to networking, plus motivating me to write and publish this book: info@pushandpullmarketing.com

Kyla Cormier – Spiritual advisor – need I say more? kylacormier@hotmail.com

Drew MacQuinn – Hypnotist, meditation/mindfulness expert halifaxmindfocused@gmail.com

Tim and Brynn Blais – entrepreneurial power couple tim@gatewaybusinessbrokers.ca

Ed Nix – Insurance broker and educator of all things insurance enix@bellandgrant.com

Corey Poirier – Thank you for your encouragement, and for helping me to promote this book. http://thepassioncure.com/ https://youtu.be/TLBvm3DWgBU

Paul McInnis – Thank you for being a great sounding board for my sensible real estate investing ideas. pmacinnis@kes.ns.ca

David Campbell – Commercial real estate investor as well as auto repair and sales and business mentor e.harrington@hotmail.com

In addition, all the other people who played supporting roles in our real estate journey.

I cannot thank you enough.

The book launch is on September 22, 2016 

Books you need to read

Cover for my up coming book
Cover for my upcoming book

 

One of my favorite quotes is from a guy named Kevin Trudeau “leaders are readers”.

I do have to admit, I had to practice.  I am not the type of person who was born to read for fun.  In fact I mostly only read for educational reasons.  I still do, so the key factors for me is the information has to be both educational and entertaining.  If the information is too technical, I quickly fall asleep, no matter what time of day.  When I wrote Landlord by Design – Complete guide to residential property management, I made sure it met my own criteria of what makes a book good.

I made sure to combine practical “how to” information with entertaining stories.   I also made sure to show how if you do not follow the practical steps, the outcome can turn into an entertaining story (unfortunately I did not see the entertainment value when I was living these stories).

The other important criteria is, if someone is going to write about events that happened they write the truth.  I often read a made up version that is far from the actual events, or the truth is sugar coated.

The books that have captured my interest over the years are quite varied.  They could be considered a very random selection.  I want to share with you some of my all time favorite books, and then give you a list of books that relate to property management, and real estate investing.

I will start with my all time classic favorites

George Orwell’s – 1984 – You can get it on Amazon – I will have to admit it is a bit twisted, but quite interesting.

F. Scott Fitzgerald’s – The Great Gatsby – You can get it on Amazon – I would describe this as a bit intense.

Then I got interested in investing in the stock market

Three  great books come to mind.  I have to admit they are very much theory based, however, both great reads

Derek Foster’s – Stop Working – You can get it on Amazon – it is definitively a page turner

David Bach’s – The Automatic Millionaire – You can get it on Amazon – It will keep you awake, easy to understand investment advice.

David Chilton’s – The Wealthy Barber – You can get it on Amazon – there is no question that David Chilton is a marketing genius.

I could go on about the books that captured my mind and in some periods of my life consumed me.  I have to admit I may have even preached a little.

Lets get into real estate and property management books, there are thousands more and I have certainly not read or endorse all of these.

Here is a list of just some of them.  My top three authors (other than myself) are Julie Broad, Don R Campbell, and Robert Kiyosaki

I will endorse and highly recommend these three books, if you are just getting into real estate investing or property management:

Real Estate Investing in Canada: Creating Wealth with the ACRE System – Don R Campbell

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki

More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing 1st edition by Broad, Julie (.. by Julie Broad

Property Management Books on Amazon

The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate…

Dec 2, 2015

by Brandon R Turner

 

Property Management Kit For Dummies

Feb 18, 2013

by Robert S. Griswold

 

The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches…

Oct 28, 2015

by Brandon R Turner and Heather C Turner

 

The Property Management Tool Kit

Sep 13, 2006

by Mike Beirne

 

Property Management

Oct 8, 2012

by Kathryn Haupt and Inger Faraz

 

Every Landlord’s Guide to Managing Property: Best Practices, From Move-In to Move-Out

Oct 26, 2015

by Michael Boyer Attorney

 

The ABCs of Property Management: What You Need to Know to Maximize Your Money Now (Rich Dad Advisors)

Mar 10, 2015

by Ken McElroy

 

Property Management

Feb 28, 2011

by Robert C. Kyle and Floyd M. Baird

 

Rich Dad’s Advisors: The ABC’s of Property Management: What You Need to Know to Maximize Your Money Now

Sep 12, 2008

by Ken McElroy

 

Property Management Accounting: A Survival Guide for Non-Accountants

Jun 29, 2009

by Marc Levetin and Michael Monteiro

 

Landlord’s Legal Kit For Dummies

Jun 23, 2014

by Robert S. Griswold and Laurence C. Harmon

 

Property Management

Aug 12, 2010

by Walt Huber and Educational Textbook Company

 

Professional Property Management: Professional Property Management: A Comprehensive Guide to setting Up Systems and…

Jul 10, 2013

by Zenya Allen

 

Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market

Apr 14, 2009

by Bryan M. Chavis

 

The Fee Bible: A Detailed Guide to Property Management and Landlord Fees

Dec 13, 2013

by The Rent Like a Pro Team

 

Rental Property Management Made Easy- Learn the Step By Step Process

Sep 22, 2012

by Ken E Boutilier

 

Property Management Business Guide: Starting & Running a Rental Property Company

Nov 23, 2014

by Simple Guides Publishing

 

Property Management: A Guide for the DIY Manager

Jun 28, 2016

by Matt Fonk and Dr. Carol Olson

 

A BiggerPockets Guide: How to Rent Your House

Jan 5, 2013

by Brandon Turner and Joshua Dorkin

 

How to Start a Property Management Business

Oct 3, 2015

by James Taylor

 

Property Management: Student Study Guide (The Real Estate Education Ceter)

Jul 11, 2016

by DeCarlo, MBA, Joseph W. and Carol A. Jensen

 

Real Estate Investing Books on Amazon

More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing 1st edition by Broad, Julie (…

1601

by Julie Broad

 

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Aug 16, 2011

by Robert T. Kiyosaki

 

The Real Book of Real Estate: Real Experts. Real Stories. Real Life.

May 12, 2009

by Robert T. Kiyosaki

 

Real Estate Investing in Canada: Creating Wealth with the ACRE System

Jan 16, 2009

by Don R. Campbell

 

97 Tips for Canadian Real Estate Investors 2.0

Mar 15, 2011

by Don R. Campbell and Peter Kinch

 

51 Success Stories from Canadian Real Estate Investors

Feb 4, 2008

by Don R. Campbell and Joy Gregory

 

Buying U.S. Real Estate: The Proven and Reliable Guide for Canadians

Oct 9, 2012

by Richard Dolan and Don R. Campbell

 

81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and…

Feb 11, 2010

by Don R. Campbell

 

The Canadian Real Estate Action Plan: Proven Investment Strategies to Kick Start and Build Your Portfolio

May 10, 2010

by Peter Kinch and Don R. Campbell

 

Real Estate Joint Ventures: The Canadian Investor?s Guide to Raising Money and Getting Deals Done

Oct 4, 2011

by Don R. Campbell and Russell Westcott

Rent to own Books

Rent to Own: Use Your Rent Money to Get Started Owning Real Estate

Jul 16, 2007

by Robert Irwin

 

Rent to Own Essential Guide for Homebuyers: The Key to a Fresh Start and Richer Future

Mar 20, 2014

by Rachel Oliver and Neil Oliver

 

Rent To Own Homes: Your Rent To Own Guide To Buying A Home, Selling A House, and Controlling Real Estate Using Lease…

Mar 23, 2016

by Seth Asare

 

Rent-to-Own: How to Find Rent-to-Own Homes NOW While Rebuilding Your Credit

Oct 23, 2014

by Wendy Patton

 

Rent To Own

May 18, 2016

by P.J. Nevada

 

Rent to Own- An Instruction Manual for Tenant Buyers (Guides to Successful “Rent to Own” Real Estate Book 2)

Jan 22, 2012

by Doug Marcy

 

Rent to Own: The Essential Renter’s Guide to Home Ownership in 30 days or less

Sep 12, 2016

by David M. Fenton MD

 

Rent to Own Real Estate- A Manual for Owner/Sellers

Jan 22, 2012

by Doug Marcy

 

Landlord Books

A BiggerPockets Guide: How to Rent Your House

Jan 5, 2013

by Brandon Turner and Joshua Dorkin

 

Best Seller

The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate…

Dec 2, 2015

by Brandon R Turner

 

Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market

Apr 14, 2009

by Bryan M. Chavis

 

Every Landlord’s Legal Guide

Apr 25, 2014

by Janet Portman and Marcia Stewart

 

BiggerPockets Presents: The Ultimate Beginner’s Guide to Real Estate Investing

Jun 5, 2013

by Joshua Dorkin and Brandon Turner

 

California Landlord’s Lawbook, The: Rights & Responsibilities (California Landlord’s Law Book : Rights and Responsibilities)

Mar 16, 2015

by David Brown Attorney and Ralph Warner Attorney

 The face of property management is going to change on September 22, 2016 – This is the date for the book launch of the Complete Guide to Residential Property Management, Click here for more info.