Archive
The rental market is changing I’ve written to you recently about how the resale market is changing, but after doing some research this week, the rental market is changing, too. Let me tell you about it. This all started when I was talking to my friend and mentor, Bill Cook. He was up in Bartow County from his home in Florida because he had at least three rental properties that needed to...
Bats, man I thought I’d kick today off with something funny I saw. I’m not sure if it was a Far Side or just a random newspaper cartoon, but it was four grey haired ladies and Bruce Wayne in his superhero costume sitting at a bus stop, in that order, with a caption that read “Nanna, nanna, nanna, nanna, Batman!” I got a good chuckle out of that but, sometimes as a landlord you get calls...
You can be a broke millionaire That title may sound counter intuitive because how in the world could you be a millionaire and be broke, right? Well, today I’d like to tell you a story about a good friend of mine and explain how those two things can be possible. Before we get started, I want to say I have permission to share this story with you because it has a really good lesson...
Full throttle It is about to get busy around here. Normally, the rental side of our investing business is what you call semi-passive income. The reason it is “semi-passive” is two-fold. One is because each month there is some “work” associated with processing payments, updating books and sending out demand letters for late payments. I put work in italics because most of this can be...
Something to rejoice over It was chilly last night. I believe it got down to nearly 32 degrees. Normally that would be no big deal. My heat pump and insulation keeps my house at a nice 72 degrees this time of year with little effort. But last night, my family and I were not in our house. We were dwelling in tents. The reason for that is we are at the Feast of Tabernacles. And if you are...