Archive
You can change the world Recently, I was standing in line at a home improvement store purchasing lights and other finishes for two flip projects we have going. As the cashier was ringing me up, I struck up a conversation with her about how life was going. Life has been challenging for her, to say the least. She is battling kidney disease, one of her children has Stage 4 cancer, and...
Move-in inspections I was out doing service calls on some of our rentals yesterday. There’s a reason for that. It’s mainly that I like to handle the repairs listed on a newly installed tenants’ move-in inspection sheet. First, let me tell you about the importance of the move-in inspection process, and then, I’ll explain why I like to handle those repairs myself. During the lease-up...
Invest in yourself I wonder if we, as real estate investors, get so caught up in flipping and landlording that we don’t take time to focus on what the word “invest” really means. One definition of investing is to devote one’s time, effort, energy or money to a particular undertaking with the expectation of a worthwhile result. Now, that’s easy to wrap your head around with a flip...
All work and no play As I write this, I’m sitting at The Feast of Tabernacles, also just called Sukkot. If you aren’t familiar with The Feast of Tabernacles, that’s where Yahweh commanded the children of Israel to live in temporary dwellings for seven days. This is to remind them of the time they wandered in the wilderness for 40 years, during which, they dwelt in tents — not houses....
Start the ball rolling Does this scenario sounds familiar? Rent is due on the first and late after the fifth. After 5p.m. on the fifth, you send a letter of demand via email and a text that says the tenant needs to pay or move from the property by the ninth. If not, you’ll have to file dispossessory at court. On the morning of the ninth you get a frantic call from the...