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…
Why buy rentals? Boy, we’ve had a week — maybe more than a week. You see, it really started when Ashley’s water broke last Thursday. When that happened, I spent the following Friday trying to finish everything I possibly could. I knew our fourth baby would be here soon, and I wanted to get as much done as possible in final preparation for that impending event. And I wanted…
Death in a rental I was talking to a real good friend named Nicole recently, and she had something happen in one of her houses that she wasn’t sure how to handle. It’s a very delicate situation that you as a landlord may run into at some point. And I thought I would share her story, what she learned and what she plans to do in case you ever…
Termination of lease I would like to start off this week’s column by apologizing for missing you last week. But we had an unforeseen event take place that kept me from being able to get it done. You see, Ashley went into preterm labor. It had been a busy morning for me. I was in and out of meetings, coordinating rehabs, getting things lined up for a lease-up…
Riding the waves We’re down in the Florida panhandle at Navarre Beach this week. It has been beautiful while we’ve been here. Highs have been in the mid- to upper 80’s, and it has been mostly bright and sunny despite the forecast for thunderstorms. Don’t get me wrong: the storms are out in the gulf, but they seem to miss where we are every day aside from a few…
Is a master lease a good strategy? The very first rental property Ashley and I ever managed was a little three-bedroom, two-bath house on Kids Drive up in Dalton. At the time, we lived in Villanow, and Dalton was a place we frequented. It was also a place that we did a lot of door knocking trying to find deals, which is how we found the house on Kids…