I got called a four-letter word Last night, I was taken aback. I had a tenant call me a four-letter word. Now, I’m used to being called some four-letter words, and I’m OK with that. You see, not all of them are bad. I’m used to being called “boss.” Ashley calls me “cute,” and sometimes bumps it up to a full-fledged “hunk.” Of course, I have to be doing…
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…
For sale by neighbor When I was a kid, we had a cassette tape of James Gregory. I remember listening to the different segments, laughing real hard, and rewinding the tape to listen to them again. (And to any of my younger readers, a cassette tape was like a small storage thumb drive for music that came before CD’s. And yes, I’m that old.) One segment that sticks…
The family board meeting Investors talk a lot about the financial freedom that comes from having investment property. We glamorize going on trips, not having a J.O.B. and feeling like we are more in control of our future because of the passive income from rental properties. But are those the real reasons why we invest in real estate? Let me clarify what I mean by that. …
Three questions for the end of year review It’s that time of year again. It’s time to reflect on 2022 and then make new goals for 2023. What have you done to prepare for the coming year? If you’re not sure what to do, I’ll tell you the strategy we use that I learned from Jocko Willink, author of “Extreme Ownership: How U.S. Navy Seals Lead and Win.”…
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…
Things are changing Ashley and I were sitting on the couch this morning, sleepy-eyed, but trying to make the most of our few moments together without child interruption as we sipped our coffee. You see, life has changed quite a bit for us this past month with having a newborn. I’ve been saying this since our two-year-old was born. Having babies is a young man’s sport. And I…
Be on the watch out We found out someone was running a scam on one of our properties this week, and I wanted to tell you about it. The house where the scam occurred was a nice, two-bedroom, 1 1/2-bathroom mobile home in a country setting in Gordon County. It was being offered for rent, and it is one of our most affordable units. Now, we use…
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? 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…