Would your tenants hide damage from you?

A survey in the UK found that 27% of tenants wouldn’t tell their landlords about major damage to their rental properties. And most would opt to repair it themselves.

It would be interesting to see a similar survey in the U.S. because my experience is not that favorable.

You can find the survey from across the Pond here. 

App offers better way renters can connect with landlords

According to its developers, this app can improve cash flow, save time, and keep tenants happy. 

Click here to read all about it. 

While you're planning that summer vacation ...

Thinking of taking a trip this summer? Better compare the prices in these top 10 hot spots.

What kind of insurance do landlords need?

In What You Must Know BEFORE Becoming a Greedy Landlord I wrote that you should let your insurance company know that you are renting out your property. I also said that a good umbrella liability insurance policy can protect you even better if you have several properties.

Here is a helpful article that further explains insurance for landlords.

http://www.huffingtonpost.com/entry/landlord-insurance-101-a-guide-to-rental-property_us_58c30c6ce4b070e55af9eea6  

Why landlords should watch for pot growers ...

In What You Must Know BEFORE Becoming a Greedy Landlord, I wrote:

“… keep an eye out for tell-tale signs that your rental is being used as a cannabis farm. A home used as a cannabis farm can cause devastating damage to a property and can lead to a voided insurance policy. Think I’m being paranoid?

“There have been cases where ceilings and walls have been knocked through, as well as houses ruined by water damage and fires. 

“On top of financial costs, you could face legal action if it can be proven that you were aware of criminal activities or received money, including rent, as a result of illegal drug activity.”

And I provided a few ideas on what to look for. 

Click here for an example of a Canadian landlord who has paid a hefty price and wishes he had acted sooner.   

One of the perils of being a landlord

Pair killed landlord, lived with her body 2 weeks.
Click here for the full story. 

Hearing from the locals ...

Stopping by a small barbershop in Havana gave me a chance to hear from the locals about the economic issues they face and what they think of our new president.