Archive
A strong fence makes for good neighbors: The prospect of renting to friends and family is something that comes up from time to time. Some people like to steer clear of that practice because of the potential damage it can do to relationships. I’m normally one of those people because our relationships are too important to put in jeopardy. That being said, we’ve done it in the past – both...
Would you rather have cash or income? I was sitting at a closing recently, quietly working through a problem on the financial calculator. My agent asked what the app was on my phone. When I responded that it was a financial calculator, both my agent and the buyer’s agent were perplexed as to why I needed one, since the mortgage brokers do all the mortgage calculations. This is a...
Make a life, not just a living: I had a very spiritual moment last week as I was out door knocking. I found myself on a little country road in Adairsville named Hall Station; it’s the road you take to get to Barnsley Gardens. Way down on Hall Station, almost to Kingston, there’s a pull-off on the west side of the road where kids go to jump off the rope swing into Connesena Creek. ...
Contract terminations Pete Fortunato has a wonderful way of defining contracts. He says a contract is a memorial of the meeting of the minds. Isn’t that poetic? For us real estate investors, our paper work tells the story of what happened when the buyer and the seller had a meeting of the minds and agreed to a deal. Sometimes I think we lose the simplicity of...
Heigh ho, heigh ho, it’s off to court we go So your tenant didn’t pay and you sent them a letter of demand stating they had three days to either pay or move. They did neither and you filed for a dispossessory. The sheriff served the papers and seven days later you get a call from magistrate saying your tenant answered and you have to show up for court Monday morning at 9:30. You thank the...