They just aren’t cutting the mustard

They just aren’t cutting the mustard   I learned a great tactic from one of my landlord teachers named David Tilney when I took his course called “Hassle Free Property Management.” In the course, David said that all his leases end in either June or July of the year. The reason for this is multifaceted.   You see, June and July is when kids are out of school. This makes…

Real estate investors make people cry

Real estate investors make people cry   I sometimes hear people talking about real estate investors in a poor way. They will refer to us as vultures circling around. (I guess they see us as waiting for people’s homes to die so we can swoop in and greedily make massive profits off others’ misery)   And just like with any profession, there are some investors out there who care more…

Disposable income

Disposable income   The other day, I took my road bike to my local bike shop to get it looked at. It had something weird going on. On my previous ride, I started hearing a ticking sound in my wheel. Prior to the ticking sound, I was averaging over 18 mph. But when the tick sound started, it was all I could do to hit 15 1/2 mph, and it…

Do you know your deeds?

Do you know your deeds?   I was talking to an investor recently that was trying to figure out how to do a deal. He was a successful flipper and wholesaler, and he had a deal that was under contract with a nice profit margin. The problem was the house needed some work. His sellers could not close for a few months and he was wanting to figure out a…

Is a master lease a good strategy?

Is a master lease a good strategy?   The very first rental property Ashley and I ever managed was a little three-bedroom, two-bath house on Kids Drive up in Dalton. At the time, we lived in Villanow, and Dalton was a place we frequented. It was also a place that we did a lot of door knocking trying to find deals, which is how we found the house on Kids…

Time is money more than money

Time is money more than money   When I was first exposed to real estate investing, I was working for an investor down in Atlanta on his rehab crew. The guy’s name was Andy, and he had two of my friends and me doing everything on his rehabs that didn’t require a license, along with some stuff that probably should have. It was great for me. I was getting to…

Face to face

Face to face     Monday morning was super busy for me. You see, we had a closing where we were purchasing a double wide on it’s on land, and I needed to prepare closing docs, get a cashier’s check for that closing and also attend to my normal Monday morning commitments.   Due to labor shortages, my bank’s local branch had its lobby closed. As such, I had to…

Writ of possession

Writ of possession   I meet with a tired landlord recently at a property where they’d just finished the eviction process. And this person said multiple times during our meeting that they never wanted to be a landlord ever again.   The reason for this was the tenants owed the landlord quit a bit of money. Months prior to the eviction, one of the tenants had moved out. Because of…

Another statistic

Another statistic   Have you heard it said that 8 out 10 small businesses fail within the first 18 months? I have, and I just thought it was true. As a matter of fact, I went looking for it the other day and was kind of surprised as to what I found.   I found that statistic was stated in a Forbes article from 2013. But they gave no data…

Walking a mortgage

Walking a mortgage   I will never forget that day. I was on my way down to Atlanta to attend Gary Johnston’s Financial Freedom Principle’s seminar. As I was driving, I was listening to another course that featured speakers like Jack Miller, Peter Fortunato, Jimmy Napier and Clyde Wilson.   I pulled up to the Financial Freedom event, and I walked in and found Kim Cook, the wonderful lady I…