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You can type your own categories and points values in this game board. Type your questions and answers in the slides we’ve provided. When you’re in slide.

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Presentation on theme: "You can type your own categories and points values in this game board. Type your questions and answers in the slides we’ve provided. When you’re in slide."— Presentation transcript:

1 You can type your own categories and points values in this game board. Type your questions and answers in the slides we’ve provided. When you’re in slide show view, click a dark box to go to that question, then click the large letter A graphic to reveal the answer. Click the triangle to return to this game board slide. Investing 10 20 30 40 50 Tenants 10 20 30 40 50 Evictions 10 20 30 40 50 QuickBooks 10 20 30 40 50 Success 10 20 30 40 50

2 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Investing: Question 1 Does location matter as to where you should invest? 10 point answer: Yes. Location, location, location. Check the stats to see what the rental market rate is in that area 10 Category 1

3 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Investments: How much money should you spend on a rental property? 20 point answer: You have to think about the area. How much could a tenant afford? If you buy a property for over $250,000.00, can you collect enough rent to cover the mortgage and repairs. 20 Category 1

4 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Investments: Should you buy a house for $35,000.00 and put in $100,000.00 to fix it up? 30 point answer: You can only get as much rent out of a property that is in accordance with the rental market of where that home is located. 30 Category 1

5 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Investments: What property should you buy starting out? A rental that is move in ready but will have a mortgage on it, or a cheap property where you have to fix it up? 40 point answer: When starting out buy cheap, fix it up, (don’t go overboard). Buy as many properties as you can afford. 40 Category 1

6 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Investments: Should you have partners? 50 point answer: It sounds good, but unless you know each other well, I’d say no. Never rent to family and friends, or go into debt with someone you know. 50 Category 1

7 TENANTS: Questions follow

8 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: How do you go about getting tenants? 10 point answer: Advertise in the paper, flyers, word of mouth, for rent signs, realtors. 10 Category 2

9 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: How do you choose a Tenant? 20 point answer: You must have a criteria and it must apply to everyone! No Exceptions. All applicants must qualify. 20 Category 2

10 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: What is a Criteria? 30 point answer: Income, employment history, evictions, animals, credit checks, etc. 30 Category 2

11 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: Can a lease be verbal or does it have to be in writing? 40 point answer: A lease can be verbal, but without a written lease it is only month to month. It’s always best to have a lease in writing. 40 Category 2

12 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: How many phases does a tenant go through during their rental time with you? 50 point answer: Move in phase, Testing Phase, Comfort Phase, Moving Phase, Jekyll and Hyde Phase 50 Category 2

13 Evictions: Questions follow

14 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Evictions: What is a Notice to Quit? 10 point answer: Is a legal document that you send your tenants the very first day rent is late for non payment of rent. 10 Category 3

15 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Eviction: Can I accept a partial payment? 20 point answer: Accepting a partial payment from a tenant undergoing an eviction, halts the eviction process. So do not accept partial payments! 20 Category 3

16 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Tenants: Can you change the locks on a tenant if they don’t pay their rent? 30 point answer: Absolutely NO! You sit back and allow the courts to do their thing. 30 Category 3

17 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Evictions: What are the emotional aspects of an eviction.? 40 point answer: It is a sad and dangerous time. If you take matters into your own hands and do it your own way, it could mean Your case being dismissed or even jail time. 40 Category 3

18 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Evictions: How do you know a tenant has move? 50 point answer: Be cautious. Knock on the door, announce who you are, and then slowly open the door and see if anyone’s there. If they have furniture there, back away, go home. If they have bags of garbage there, they have left. 50 Category 3

19 QuickBooks Questions follow

20 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. QuickBooks: Should I use a Desktop version or online? 10 point answer: QuickBooks Pro is good. It covers all your needs. The Online version is good but it cost over $400 a year. If you share you date with several people on the internet then the Online version would be for you. 10 Category 4

21 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. QuickBooks: What are classes? 20 point answer: The Class feature in QuickBooks allows you to keep track of your rental income less expenses per building and per unit, giving you your bottom line of how much money you made or lost. 20 Category 4

22 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. QuickBooks: Yea, but QuickBooks doesn’t tell me when my tenants lease expires? 30 point answer: False, QuickBooks allows you to customize what you want to see and know on a Tenant File, or a property. Just type it in. 30 Category 4

23 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. QuickBooks: But I don’t understand Accounting? 40 point answer: You don’t need to. All you need to know is how to fill out forms and QuickBooks will do the rest. 40 Category 4

24 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. QuickBooks: What person on here teaches others how to use QuickBooks? 50 point answer: Nancy Neville 50 Category 4

25 Success: Questions follow

26 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Success: What does it take to be a successful landlord? 10 point answer: Knowledge, learning the landlord/tenant laws of your state, and attending landlord associations. 10 Category 5

27 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Success: What type of Office Equipment should you have. 20 point answer: Computer, Printer, File Cabinets, and QuickBooks as a software program. 20 Category 5

28 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Success: What books are out there to help me be successful? 30 point answer: The Landlord’s Bookkeeper: QuickBooks for landlords who hold and flip The Landlords’ Bookkeeper: For Landlords The Landlord’s Guide to a Successful Business Microsoft Word in QuickBooks 30 Category 5

29 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Success: Tips on staying the course long term? 40 point answer: A Business of People Management. Be organized. Be fair, but be stern. Don’t be greedy. Take care of your tenants and those repairs. 40 Category 5

30 Type your questions and answers in the placeholders. You can add the category and points value at the bottom for reference. When you’re in slide show view, click the right triangle to reveal the answer. Click the left triangle to return to the game board slide. Success: Can a landlord expand to other things? 50 point answer: Landlords can go from owning their rentals, to buying and flipping, and even go into being a Realtor, or writing books to teach others. You are only as successful as you want to be. 50 Category 5


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