Financial Freedom One House At A Time
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…
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…
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…
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…
Rolling in the dough Ashley and I recently had an interesting conversation with some friends of ours. They were talking about a new car they wanted to buy. And when I say new, I mean brand new. And based off what I could tell, the starting price on this vehicle was going to be close to $35,000. That was the starting price. As we talked further, our friends…
What can an in-home tell you? I’m sure you have all heard the horror stories of some poor landlord who took the first person with money who came along and rented to them their nice, newly renovated rental home only to have it destroyed in a matter of months, right? While that does happen, there’s something you can do as a landlord to limit and pretty much prevent…
Builders, Handymen and Remodelers So, I was standing on some exposed floor joist talking to (but really interviewing) two contractors who had reached out to us for work on one of the many projects we have going. And as we talked, I thought the conversation would make a good column. Now, you may be thinking to yourself, “How did Joey end up on an exposed floor joist if…
“What Box” is coming I’m often asked where I go to learn about real estate investing. Truthfully, Ashley and I have been blessed to meet, befriend and attend seminars with some the most creative real estate investors out there. And we go back to the same classes time and time again. Chances are that if you are reading this column on Sunday morning in Bartow County, I’m…
Our first occupied sit-out We recently had to do one of the most uncomfortable things I feel like a person has to do as a landlord. It’s called a sit-out. If you don’t know what that is, a sit-out is the culmination of the dispossessory proceedings. It’s where the landlord has to go in and physically remove all of someone’s personal possessions from the interior of their property…