Archive
The other day I was reading a forum discussing myths in real estate investing. One of the contributors said the phrase “it doesn’t take money to make money” is the biggest myth in real estate investing today. I disagreed with the contributor from the standpoint of personal experience; Ashley and I had no money when we started. We were broke kids, straight out of college, with a ton...
This has been the year of the septic system. So far we’ve put in three sets of field lines and had to learn what not to do on a lower pressure drip system. (After owning one for four years, we learned they have a filter that was supposed to be cleaned every six months. Not doing so overpressurized the low pressure system and literally blew holes in the yard. Yay!) All of our...
It’s my opinion that in today’s market, landlords should be offering all their rentals as rent-to-own. In this deal structure, a tenant buys the right to purchase the landlords property, for a predetermined price and time frame, all while renting the house. It’s also called a lease option. So what makes this deal structure attractive? First, you’ll get market- or above- rent rates....
So you bought your first rental property, you’ve gotten it looking nice, and now you’re wondering how to announce to the world that it’s available. There are tons of great ways to accomplish this. Ashley and I recommend utilizing multiple sources when placing a property on the market. Today, I’d like to go over some of the ones we use as well as things to watch out for. We live in...
You often hear tired landlords complaining of midnight calls from their tenants about leaky toilets. We’ve never experienced those calls. That’s because our tenants know that if they call after 5 p.m., they’ll get a response the next day- unless it’s an emergency of course. We’ve received a couple of those late-night calls for things like busted water mains, but they’ve been few and far...