Richard Montgomery's Blog Posts

Blog posts written and submitted by Richard Montgomery

Tue
23
May
Richard Montgomery's picture

Do I Have To Pay For Tenant Housing While I Fumigate Apartments?

Do I have to pay for tenant housing while I fumigate apartments?

An apartment building owner has to fumigate apartments due to termites and wants to know how to handle the issue as well as the tenants. Here are several things to consider say blogger Richard 'Monty' Montgomery.

Reader Question: I need termite fumigation. ​I own property in located in Florida, where termites are a big part of the pest population. I will be selling the five unit building soon, and four units are rented currently. Two of the four units have leases expiring in July. The property has to be tented to exterminate the little buggers. When they fumigate, the building must be empty.

Tue
13
Sep
Richard Montgomery's picture

Can You Succeed As A Real Estate Investor? 11 Questions To Ask Yourself

If you want to be a successful real estate investor, here are questions to ask yourself

If you want to be a successful real estate investor, consider your answers to these questions. 

They will help you decide the best approach to leveraging your time and knowledge so you can be successful.

Even if you are already an investor, have you chosen the type of investment that fits you?

Our country’s foundation is real estate. It is all around us, like the air we breathe. Real estate is one of the largest sectors of our economy. It is an investment vehicle with a foundation in America’s dream from the time of the early pilgrims.

By Richard Montgomery

Sun
28
Aug
Richard Montgomery's picture

10 Ways To Be A Great Landlord

10 Ways To Be A Great Landlord

It is upsetting when we get tenant complaints as a landlord.

It is hard work renting apartments or homes to tenants and it takes people skilsl and management skills. Many times our goal as a landlord is to simply avoid tenant complaints. But there are principles, if properly used, that can reduce or eliminate tenant complaints. Do you know what it takes to be a great landlord?

By Richard Montgomery

Reader’s Question – What makes a great landlord?

Question: Monty, My husband and I own about 75 units in 25 plus buildings.

He has a good day job and I manage the apartments. We have been expanding slowly for over 20 years. This is not easy work. Over the years we have had tenants occasionally complain about different things but we always shrug it off as sour grapes or “they don’t get it.”

Yesterday we got a complaint letter that several tenants signed, which is upsetting. What makes a good landlord? 

Tue
02
Aug
Richard Montgomery's picture

7 great reasons to invest in smaller multifamily real estate

7 great reasons to invest in smaller multifamily real estate

Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commerical buildings? This week investor Richard Montgomery takes on this question from a reader.

Tue
07
Jun
Richard Montgomery's picture

8 Ways To Invest Capital To Make Older Apartments Sparkle

8 ways to make older apartments sparkle

This question to Dear Monty prompted him to list 8 ways that can mean happier tenants, lower turnover rates and higher rents for incoming tenants if you choose the right tips to make your apartments sparkle.

 

 

 

 

 

8 ways to make older apartments sparkle blog by Richard Montgomery

Richard 'Monty' Montgomery

By Richard Montgomery

Mon
02
May
Richard Montgomery's picture

9 Out-of-the-Box Questions and Tactics Multifamily Investors Should Consider Using

Richard Montgomery and 9 out-of-the box due diligence questions for multifamily real estate investors

Investing in multifamily housing and apartments requires extra investigation, sometimes called due diligence by attorneys, for investors who want to be certain they do not make a mistake. This extra investigation and these questions are beyond what a real estate investor may do normally for a typical commercial real estate investment. As a real estate investor, once you go beyond multifamily rentals such as duplexes or fourplexes, you enter the commercial real estate area. Here are 9 out-of-the-box questions you should be asking, or at least consider asking, before you purchase that multifamily or apartment building.

By Richard Montgomery

Subscribe to RSS - Richard Montgomery's Blog Posts