The Successful Landlord Blog

So, the other day I got a call from one of my better tenants letting me know that he and his wife would be moving out at the end of the month. This call is two weeks notice, mind you. <sarcasm>It’s a good thing that the lease states TWO MONTHS notice.</sarcasm>

Anyway, this tenant said that he lost his job and that he has applied all over town with no luck. He is a medical technician with many years experience and said that the only reason he could think why he could not get another job is that he has too much experience and none of the businesses in his field wanted to pay for his experience. Read the rest of this entry »

So this weekend I had occasion to talk with an attorney friend of mine about the usefulness of using essentially a shell corporation as a barrier to deflect a liability lawsuit.

As we all know, the United States is the home of the liability lawsuit. It reminds me of a routine by The Jerky Boys where one of their characters calls a lawyers office to say that he’s “hurt” and wants to sue. It turns out that his feelings were hurt and was advised by the lawyer that he can’t sue on those grounds. Ok, so it was funny at the time. Read the rest of this entry »

So, as I’ve mentioned in the past, Florida residents are getting royally ripped off by the property insurance companies.

Here’s a synopsis:

First the insurance companies decide that we are too likely to be hit by hurricanes and so they jack up the premiums. When the homeowners complain to the insurance companies, they don’t listen.

So then the homeowners complain to the state government since insurance is regulated by the state. Many insurance companies decide that they will not insure anything which is not owner occupied. No problem, we have Citizens Property Insurance which is the state owned “insurer of last resort.” yay. Read the rest of this entry »