February, 2009

How to Find the Best Tenant for Your Rental Property

Owning and managing rental properties can be very profitable. (From just two rental properties, my husband and I make $1,200/month in positive cash flow.) As a rental property owner, you may find yourself dealing one-on-one with tenants. Make sure you handle these encounters as business transactions, and don’t let your emotions – or your desire to fill a unit – prevent you from making sound business choices.

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Words That Come in Two Flavors

I read The New York Times regularly. Notwithstanding its reputation, this esteemed newspaper often proves to be a fertile source of misuses for this column. Within the space of a few days, for example, I found these two sentences in its pages:

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Facebook for Fat Loss?

You know what you need to do in order to lose fat: Eat less and exercise more.

But that’s easier said than done, especially when you’re surrounded by friends who want to drag you to another movie or high-calorie restaurant meal when you should be working out.

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How important is a name?

“Okay. I am finally taking the plunge and starting a side business. I guess it is actually more like getting my feet wet, since my target sales goal for now is to cover my daycare expenses. At any rate, I am to the point where I need to call myself ’something.’ How important is a name? What should the strategy be for choosing one?

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Prevent Your Business From Being an “Open and Shut” Case

Chinese take-out is big business in South Florida. But “Chang’s” never had a chance.

They opened, added their name to the sign at the plaza entrance… and that was it. No ads in the local paper, no insert in the Penny Saver, not even a guy sticking flyers under windshield wipers in the parking lot.

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