Archive
As you walk into a deed room, it can feel a little scary. First, you realize you’re in a vault in the depths of your local court house. Second, the thick steel doors that protect the deed room from fire and flood are similar to something from a 1930’s bank heist. You’re sure Bonnie and Clyde are looming somewhere close. And since you are on the bottom floor, it is often not...
Right now it’s 5:38 a.m. My back, hands and neck hurt, and I’m not the alert morning person I normally am. Straight up: I didn’t get enough sleep. I worked on three different rentals yesterday. It was a full day. Rental No.1: We had a busted pipe. When I got the call, it was 30 minutes till Home Depot closed. That meant if we didn’t get all the right materials on the way, the pipe...
The other day, Ashley and I were driving in the mountains of Tennessee. As we came into town, we stopped on a bridge that over looked a beautiful mountain river. Ashley said, “Joey! Look at the size of that buzzard!” I looked over to see a very large, dark bird in the trees over the river. Strangely, it had white tail feathers. I asked Ashley had she ever seen a buzzard with a...
Rent is due on the first and late after the fifth for most rental properties. See if this scenario sounds familiar. It is 5p.m. on the fifth and you get a frantic call from a tenant. They’re giving you every reason under the sun for paying late. They say things like, “Please, please give me until next Friday.” Next Friday comes. No payment. Before you know it, two months...
When you put a house under contract to buy, you enter into a period known as “due diligence”. This gives you have a few days to check out the property. If you don’t like what you see, you can walk away with no questions asked. Most buyers will send a home inspector out to look at the house and an exterminator to check for termites. If you are purchasing the property as an investment, you...