Financial Freedom One House At A Time
Weighing in I don’t know if I’ve told you this, but Ashley and I have been self producing a reality show called “What’s the Deal.” It’s a different concept than most of the real estate investor shows you see on TV. We’re trying to bridge the gap between what you might see on TV and what a mom-and-pop investor experience is like in real life. The other thing…
Application with push-button capability We’re about to see some things change dramatically in the way we market our rentals. Our normal procedure has been to go take pictures and videos of a property, upload them to Zillow’s Rent Manager and then use that link to post the property all over Facebook. We still put signs in the yards, but most of our calls come from online sources these days….
Effective massive action I’m writing this to you at a quarterly business mastermind group. The meeting’s location changes every time, and this quarter, it’s in Nashville Tennessee. On a recent night after the meeting let out, I needed to go to Kroger to pick up some supplies. My GPS said there were three of these stores equidistant from me. Not being familiar with the area, I just picked…
Risk versus reward I had a really good opportunity for a private money lender, recently. I emailed the information to everyone I thought would be interested. The deal was to loan money to us at 6% interest only. I noted in the email that 6% was three times what the, and I quote, “high yield” CDs and bonds being are offered for in 2020, according to bankrate.com. The…
Safe, secure income “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man. This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…
What does a day look like? I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday. I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…
It’s not what you make, but what you keep that matters. How many of you have heard stories about lottery winners who win it big, only to lose everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10…
Holidays, vacancies and late payees I got a call recently from someone needing advice about their landlord/ tenant relationship. This caller was the tenant, rather than the landlord. This tenant was upset that they had just received — and I quote — “a nasty letter” from their landlord. The letter said the tenant either needed to pay what was owed in full or move from the property. …
Be careful where you get advice Ashley and I went to a baby shower this week for some of our good friends Dorsie and Jimmy Kuni. Dorsie was absolutely glowing. This will be their first, and as any good friend who already has kids should do, I asked Jimmy if he was excited or just plain scared. He laughed, and we joked about Owen Wilson’s line from “Armageddon”…
It came back to bite us Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought. Let me walk you through the major parts of our tenant selection process and then show you how not sticking to it resulted in us getting a house back in poor condition for the first…