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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)
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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open wallet for tenant screening service
Tenant Management, Tenant Screening

The Best Tenant Screening Service for Small Landlords

Update: This post has been updated with new scoring and winners based on changes or upgrades to some of the…

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Property Management

Essential Cleaning Tips for Landlords: Rental Property Maintenance

For a landlord, maintaining a clean and inviting rental property is not just a matter of aesthetics; it is a…

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Property Management

Landlord’s Handbook for Effective Rental Property Marketing

Landlords strive to ensure their rental properties remain sought after in the competitive rental property market, where demand and supply…

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tenant using smart phone for move in checklist
Maintenance, Tenant Management

Save money on turnovers with a tenant move-in checklist

Using a thorough tenant move-in checklist can reduce vacancy and repair costs by speeding up turnover and making sure outgoing…

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woman at laptop using top credit screening services for landlords
Tenant Management

Top credit screening services for landlords

The ability to run screening reports on prospective tenants is one of the most powerful tools landlords have when it…

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leaking bathroom faucet at rental property
Maintenance

Companion Guide: Rental Property Maintenance Checklist for Landlords

No landlord enjoys paying for maintenance.  Repairs are the largest variable cost when operating rental properties. This is true for single-family…

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