Category Archives for "Tenant"

Hard work is not enough!

Hard work is a good thing! But it is not enough for us to develop as much as we are able to. How many times have we seen somebody clocking hours of work along with overtime in order to rise quickly through the ranks and acquire better opportunities within a company. They typically get promoted quickly and then plateau and stop advancing.

Taking a break from work will also help you grow.

This is a common occurrence, and it’s fueled by the misconception that working as hard as you can, as long as you can, will yield the most results in your life. This is wrong. Hard work is not enough. And sometimes, it could even become detrimental. Some people even become workaholics based on this concept, and it completely wrecks every single aspect of their life – at times this yield results at work, but more often than not, it will just mess your life up.

Part of the issue is that much of what you need to be successful lies outside of you and in your ability to make those around you be empowered to create their own success. If you focus is on your own work you may not be able to see how what you are doing is effecting the net productivity of the company or team you are working with in.

A balance needs to exist. People should give themselves time to rest, time to experience life outside work. Time to grow. When you take your time to do these things, you will start developing more as an individual, you will sleep better, you will think better, and you will allow yourself the time to evaluate your life from a perspective than will procure your growth both inside and outside your job. It is a choice that only you can make, and it will in return lead you to better decision making at work, to more creativity, and to bring a positive energy back with you into your workplace. When exchanging these new assets with your colleagues you will notice how things will start flowing differently, and they will flow in favor of those things you want to accomplish.

So, remember, overworking yourself will definitely not help you be more successful, at least in the long run. Overgrowing yourself will!

What’s your One Thing?

Today I’d like to share a little bit about the main idea within a book we recently read as a company at RTS. It’s called The One Thing. It’s a fun read, and it’s pretty simple.
First let’s talk a little bit about multi-tasking. Usually people believe that they are “good” at multi-tasking and implement that into their daily lives. This might be true for minor tasks at home and things like that but, if you truly want to excel at what you do, multi-tasking is a no go. If we think about it in a completely rational way, the only way we can be the most efficient and effective at a certain activity is to place our complete focus on that one thing while we do it, otherwise, we’re just doing two things at the same time at a mediocre level.

One small change can have a series of very noticeable effects on your life.

Once we’re get past this desire to multi-task, and once we’ve accepted the fact that we are not gods capable of doing everything perfectly at the same time, we are presented with the question:

What is that ONE thing that we can do that will make other things in our life will be obsolete, unnecessary, or easier? 

This simple question asked about everything in our life has a way of focusing our priorities and sky rocketing our effectiveness.  When we can really just relax and focus on the most important thing we can sky rocket our effectiveness and get the important things done first and then at the end of the day we can relax and have fun and not worry about all the important things we never got to.

Here are some example one thing questions:

  • What one thing can I do at home to improve my marriage that will make everything else I do to improve my marge obsolete unnecessary or easier?
  • What one thing can I do at work to improve my efficiency such that other things in my life will be obsolete, unnecessary or easier?
  • What one thing can I do to boost my relationship with my children such that other things in my life will be obsolete, unnecessary or easier?
  • What one thing can I do to improve my finances such that other things in my life will be obsolete, unnecessary or easier?
  • And the list goes on…

Posing this question to ourselves, will not only improve our effectiveness in the one thing that we choose to focus on, but will also prevent us from getting drained by doing more unnecessary activities, or by doing certain activities in a more difficult way than we should. It’s something to keep in mind, and I believe it is part of what marks the difference between a successful person and somebody that is not.

At the start of the day, ask yourself, what is the one thing? Then just keep asking yourself the same question during the rest of the day, until you start filtering out everything you don’t need in a probably already very busy life

How do you ensure that you find the best tenants for our property?

The key to maximizing profitability and minimizing risk as a landlord has a lot to do with choosing the right tenant. That starts with the marketing of the property, and the energy that can be produced off that. There are a few tricks to creating effective advertisements to help find the best tenants for your properties. You can advertise in the newspaper, on billboards, or on the Internet; however, you may be wasting your time and money advertising to people who either aren’t interested in what you have to offer or aren’t qualified to meet your criteria.

A good ad campaign lets you target and attract the kind of tenant you’re looking for. An advertisement works best when it’s appealing. So, before you decide what information to incorporate, think about what characteristics you value in a tenant. Here are some good examples:

Finding good tenants will, more often than not, prevent you from having to deal with a myriad of problems as a landlord.

· Stable employment

· Pays rent on time

· Has never been evicted or used a landlord as a revolving line of credit

Once you’ve identified characteristics you like in good tenants, think about what factors contribute to a good rental experience for landlord and tenant. What did you as the landlord have to offer your last tenant? Was the last tenant happy and satisfied? Assessing this information will help you decide how to focus on the marketing aspect for the property.

Often you will attract high risk tenants who use landlords as a revolving line of credit when advertising your rental property, so it is imperative that you attempt to identify these tenants immediately. Here at RTS, we have a very specific checklist process for screening tenants and filtering out bad elements for your property. Sometimes we even go as far as contacting up to two previous landlords for the potential tenant in order to verify their background. This can get tricky, since some landlords will lie in order to either keep their tenant (say they’re awful when they’re not) or lie in order to get them to leave (they will say they’re great when they’re not). This is why we have such a detailed process, and it will reduce the risk of you getting a bad tenant for a good property.

It’s important to note that, if the marketing aspect of the property is done right at the beginning, usually bad tenants will filter themselves out even before the screening begins. Rest assured though, that we will do our best to get you the best tenants we can find for you to do business with.

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