Archive
Finding good tenants I was at a lunch meetup this week where one of my friends was telling me about how they are moving away from the Padsplit company and going to self-manage instead. And the biggest reason for that has to do with the tenant selection process Padsplit uses. If you are not familiar with Padsplit, it is a novel idea. Instead of renting an entire house to one family, the...
The best deal you’ll ever do About this time two years ago I wrote to you about a house that I was trying to buy for Ashley in a column titled “Don’t get emotional when making offers.” That was the one where I did get emotional and offered the seller double what he was asking for it… you read that right. The reason I got emotional was because it seemed like it was the house of Ashley’s...
My cheese moved… again Today I’d like to tell you about a little book that if you have never read, you really should. It’s called “Who Moved My Cheese?” by Spencer Johnson. It’s a tiny book that packs a huge amount of insight into how people should deal with change, and it’s in the form of a fable. The story starts by identifying four characters who spend their time exploring a maze...
The End of Year Review in Spring You may not know this, but it is almost the New Year. No, I didn’t write this in 2023. It’s March of 2024, the spring equinox just happened, and that means spring is here. And according to Exodus 12:2 in the Bible, Yahweh tells Moses and Arron that this is the beginning of the year and goes on to give them the instructions of the spring feasts called...
Participation lenders When you think of private money lenders, you typically think of either short-term lenders, or long-term lenders. Short-term lenders are the ones you use on quick moving deals like fix and flips and wholetail deals. And if you are not familiar with a wholetail deal, that’s a melding of the words wholesale and retail. What you do in this scenario is buy the...