Cash Flow With Joe

Joey English

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Finding good tenants

Finding good tenants

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...

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The best deal you’ll ever do

The best deal you’ll ever do

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...

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My cheese moved… again

My cheese moved… again

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...

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It doesn’t float uphill

It doesn’t float uphill

It doesn’t float uphill   Yesterday was a busy day for me, and it was not things that were planned. That can be either a good thing or bad thing depending on the circumstances. Mine was a combination of the two. Let me tell you about it. We just filled a nice two-bedroom one bath mobile home last week, which made for a busy week as well. The reason for that was we needed to get all the...

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Substance over form

Substance over form

Substance over form   I had an interesting case come across my desk this week that had to do with a lease option going bad. At first, I typed “gone bad,” but the situation has not fully resolved, so I changed it. But it’s a great illustration of what not to do as an investor and I thought I would tell you about it so you don’t make the same mistakes. Lease options have become a popular exit...

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