Archive
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 way to get the work done between now and the...
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 to make sure...
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 encounter a similar situation. She told...
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 with some new tenants...
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 stray showers. At...