Owner

The owner’s area is dedicated to improving rental management and tax optimization. You have a property: car parks, garages, boxes, cellars and warehouses; find our advice.

How do you boost your rental yields ?

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Owner of 7 parking spaces and garages, Christophe explains how he has boosted his rental yields with a few tips. In this article, we will present his rental strategies that really work.

Table of contents
  1. Why did you seek to boost your rental returns
  2. What's the first trick you'd like to share with us
  3. Thanks for the great advice, so what's your second trick
  4. To conclude, what is the economic balance of these two actions ?

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Why did you seek to boost your rental returns

I am lucky to have found good deals that allow me to get a very good return on investment. The Platinium members 💎 of the club can see my accounting results from the exchange platform. Some members have come up with great ideas to make more money legally. So I looked at my situation and thought about a strategy to further improve my rental income.

What’s the first trick you’d like to share with us

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How to fight against moisture and humidity in a garage

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Comment lutter contre l'humidité dans un garage

Do you have a waterproofing or humidity problem in your garage ? First, if you are a tenant, we recommend that you install a moisture absorber. Count only about twenty euros to absorb some of the moisture and protect your boxes.

Table of contents
  1. Moisture is in the walls
  2. Moisture rises through the ground
  3. Why carry out work to fight against humidity in garages

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Moisture is in the walls

We note on the real estate market that garages built in the 60s to 80s are generally semi underground. At the time, builders did not systematically apply a layer of tarred plaster to protect walls in contact with soil.

First, you must remove dust and then wash the walls with bleach to remove mold. Then use expansive foam to fill any holes and cracks in the walls. We recommend that you drill a hole in the wall to add a ventilation grid communicating with the outside to encourage airflow. Apply a first thick coat (about 2 mm) of waterproofing plaster to cover the humidity of the blocks. Allow to dry for 24 hours before applying a second coat on the wall.

In the event of a major storm, water can enter your garage and cause residual moisture. One solution to this problem is to use an adhesive sealing strip around the garage door.

Comment lutter contre l'humidité dans un garage

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Experience with a delinquent bad payer

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We share with you Christopher’s bad experience with a high-flying bad tenant. This article is also an opportunity to give you tips and advice to help you manage this kind of situation.

To rent a parking space or a garage, an owner is ready to do anything thinking only about profitability. It’s human to want to rent all your spaces at all costs to reassure yourself. But when a badly paying tenant arrives in your environment you have to be firm and very reactive to get out without too much damage. All landlord investors know that there are more and more “bad payers” on the market. This term broadly defines any tenant who will make you suffer from rent payment problems (late payment, non-payment, degradation, illegal occupation, etc…).

💡 Did you know that ?

Speed should not be confused with haste, especially when there is money at stake.

Unfortunately, a wise member of our club got screwed. By what we can define as an expert in bad payment or even an expert living in the hooks of the French society ; knowing many methods to deceive people… Any experience, good or bad, is good to take in order to move forward and learn from one’s mistakes. It seemed essential to us to tell you about this extreme case.

Table of contents
  1. The first phone contact
  2. First meeting to visit the parking lot and sign the rental lease
  3. Late payment from the first month
  4. Eviction of the tenant
  5. Recovery of unpaid rents
  6. Lessons to be learned

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The first phone contact

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How to manage your rentals remotely ?

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It’s not easy to manage your rentals on a daily basis. The situation becomes more complicated if you own a property located far from your home. We present three solutions to help you in your remote rental management !

gestion locative collaborative

The solution that costs the landlord the most is the real estate agency.
An intermediate solution is to use an online management company.
Finally the most economical solution is an idea implemented by some members of our club : using a private individual!

💡 Did you know that ?

Distance is one of the factors that slows down real estate investors, sometimes you have to go far away to find good deals !

Table of contents
  1. Hiring a real estate agency
  2. The online management company on the internet
  3. A nice idea from our members, find an individual
  4. Oliver goes even further : he manages on his own without having to travel 🔐

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Hiring a real estate agency

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