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Landlord Gurus

Author: Eli Secor

Eli Secor, Co-Founder, Landlord Gurus Eli purchased his first rental property at the age of 20, a fourplex in Gold Canyon, Arizona. He was lucky to have the advice of a shrewd real estate investing grandmother, as well as special incentives for first time buyers following the savings and loan meltdown in the late ‘80’s. In 2004 Eli and his wife purchased their first property together, a triplex in Portland, Oregon. The neighborhood was improving, light rail was coming in, and the property needed a significant rehab. They traveled back and forth from their then home in California, improving and managing the property. Eli did a full remodel on the biggest unit, living in the construction zone while doing so. The property has been cashflow positive since day one, and is now worth 3-4 times its original purchase price. Eli has been involved in residential construction since 2001, having remodeled several houses from top to bottom, rehabbed or improved rental units, and built his family’s primary residence. He leverages his knowledge of buildings to improve and maintain rental properties cost and time-effectively. Since 2007 Eli has been managing property in Seattle for family members, and now oversees 20 apartments and 3 commercial spaces. He has a great handyman, who helps make repairs, maintenance, and improvement smooth and easy. Otherwise Eli is a DIY landlord, and single contact for all of his tenants.When Eli isn’t managing rental property he is working on home projects, sailing, mountain biking, skiing, or spending time with friends and family. Once or twice a week Chris and Eli get together to run their dogs, Lola & Peanut. These meetings do double duty as Landlord Gurus planning sessions!Credentials: - BA in History from Whitman College - General Contractor (Ex) - USCG Licensed Captain (UOPV Six-Pack)
Landlording A-Z, Tenant Screening

Accepting or Rejecting Applicants

You have your tenant screening report(s), how do you go about accepting and rejecting applicants? Below is a brief rundown. See…

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Landlording A-Z, Property Management, Tenant Screening

Advertising, Showings, and Applications

In our previous episodes, we talked about choosing a rental and getting it set up. In this installment of our…

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Landlording A-Z, Tenant Screening

Setting Tenant Selection Criteria

This is where you decide how you’re going to choose your tenants. Being intentional and specific about what characteristics you require…

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Landlording A-Z, Property Management

Should You Hire a Property Manager or Do It Yourself?  

Once you’ve identified a property to purchase, you then need to focus on the property management aspect. In this installment…

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Landlording A-Z, Property Management

Should You Buy a Rental Property? 

OK, so you’re wondering whether buying a rental property is a wise investment for you personally. Here are the factors we…

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Property Management

How Do Zillow’s Features Compare to Other Rental Platforms?

Renowned for its user-friendly interface and vast database, Zillow has become synonymous with effortless property hunting and listing. As a…

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Tenant Screening

How Can Landlords Avoid Discrimination in Tenant Screening?

As a landlord, maintaining fairness in tenant screening processes isn’t just a moral imperative; it’s a legal necessity. Discrimination in…

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Property Management, Tenant Management

Rent Incentives: Are They Effective?

Landlords often face the challenge of ensuring timely rent payments from tenants. This dilemma has led to the widespread adoption…

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Accounting

Steps to Set Up a Separate Rental Bank Account for Landlords

We are often asked by other landlords like ourselves, “Do I need a business bank account for rental income?” For most,…

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Tenant Management, Tenant Screening

How to Collect an Online Rental Application

In today’s digital age, the rental application process has evolved significantly, thanks to the convenience of online platforms. Landlords can…

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