Archive
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...
Evil’s greatest tool I read a story recently in a book called “Chop Wood, Carry Water” by Joshua Medcalf that I would like to share with you. It goes something like this: Once, there was an evil old witch who was going out of business. As such, she decided to have a yard sale to get rid of all the ‘tools’ she had used over the years in her terrible trade. At the sale, you could...
What I learned at Magistrate Court Yesterday I got to do something that all landlords are forced to do at one point or another. I had to go to court over a dispossessory that we had filled on a tenant due to non-payment. We’ve been blessed. We’ve only been to court a total of four times in nearly a decade of landlording. That’s because most of the time, we’ve been able to...
A beginner’s struggle Recently I was asked about the main struggles that Ashley and I faced when we began our investing journey. These struggles really boiled down to two things. The first was where to get money for deals. You see, Ashley and I were broke kids with a mountain of student loan debt and no verifiable income when we started out. This meant that we weren’t good...
What’s in a day New and aspiring investors often ask me what a typical day looks like for us. I’m not sure we have “typical” days. Some are just smoother than others. Take yesterday for instance. I woke up and was at the gym by 6:15 a.m. (note: Ashley is there by 5:15 a.m. We play tag team on our workouts to make sure someone is home with the kids). By 7:30 a.m. I was back...