Sunday, September 18, 2011

Negotiations

The art of landlording requires a negotiation skill. I have learned to follow up said negotiations with a letter stating the agreement.  So that there are no surprises.
So when they call up and tell you that they have money for you....take it one step further and find out when the next payment is coming and what you will do when the 2nd payment does not come.  In this case, I have insurance ie. Officer Dixon and a set out date postponed one week.  Don't cancel or you will have to start all over.

More expense and more delays.

Sunday, September 11, 2011

New Law

On August 2 Governor Quinn signed Senate Bill 1766. This new law is effective immediately and requires all residential leases to state existing law and include the following language.

"if any lessee or occupant, on one or more occasions, uses or permits the use of the leased premises for the commission of a felony or Class A misdemeanor under the laws of this State, the lessor shall have the right to void the lease and recover the leased premises"

Friday, September 9, 2011

Julie Julia

I loved the movie "Julie, Julia" (I might have the title slightly wrong).  Anyway, the movie was my first exposure to blogging.  I just loved the way Julie blogged every day about  Julia Child's recipies that she was making.  I know that you are suppose to write about what you know.  Well, what did I really know about anything.  I finally decided that I could write about landlording. 

And so I started in 2009.  I was off to a great start.  I wanted my blogs to be upbeat and entertaining.  After awhile, I realized that many times landlording is not upbeat, nor entertaining, nor nice.

If you can't say something nice than you should not say anything at all.

Mum's the word!