Is this the new normal?

Is this the new normal?

Is this the new normal?   I was talking with a buddy of mine this week about how to evaluate the returns on rental property using the financial calculator. I’d like to share with you what we did.   Before we get started, if you haven’t had your morning cup of coffee, put me down and go get. This column is going to be numbers-heavy and will require an acute…

Atypical Day

Atypical Day

Atypical Day   I’m often asked what my typical day looks like as a real estate investor. And I am often at a loss on how to answer that question because, well… let me tell you about a recent day.   I started out at 5:30 a.m. at Calhoun Spine and Wellness doing my workout. That morning was a partner exercise, and I got to work out with my good…

Don’t kill the golden goose

Don’t kill the golden goose

Don’t kill the golden goose   I was talking with an investor the other day who had just received some really great news. His portfolio of rental properties had an equity value of over $1 million. I asked him how he found this out, and he told me he’d been working with a financial advisor who had challenged him to find fair market values for each piece of property he…

Business and babies

Business and babies

Business and babies   I’m running on fumes this morning. That’s to be expected with a newborn, but the last couple of days have been exhausting, especially for Ashley.   Last night we got the baby down for the night at 11:30 p.m. by swaddling him on my chest. While I enjoyed the tenderness of those moments, it also meant I was going to need to sleep in a semi-upright…

Don’t let innovation disrupt you

Don’t let innovation disrupt you

Don’t let innovation disrupt you   There’s a really cool book you should check out called “Disrupt You” by Jay Samit. Jay is a serial entrepreneur with a background in media and computer programming.   To define the concept of what a disruption is, Jay tells a personal story about how he failed big-time. He had a computer programming company that was bidding on a state contract to make kiosks…

I almost missed it

I almost missed it

I almost missed it   It was about 10:30 on Saturday night. We had just put the kids down, and Ashley and I were preparing for bed. At this point, my beautiful bride was considered full term in her pregnancy at 38 weeks. She lay down in the bed only to pop right back up with a startled look on her face as she said, “Whoa! I just had a…

Meeting of the minds

Meeting of the minds

Meeting of the minds   I’ve recently had an opportunity to relearn how important the meeting of the minds is between buyer, seller and real estate investor, and I’d like to share some of that information with you. The example has to do with being snookered.   It happened while I was on the phone with a seller. We’d met multiple times in person and had always had great interactions….

Here’s what we’re seeing right now

What can an in-home tell you?

Here’s what we’re seeing right now   Who would have predicted that a virus could’ve had this much of an impact on us? I didn’t see it coming.   So, what are we seeing right now?   April was good as far as rentals go. We are at about 90% on our collection rate. What I wrote to you about talking to our tenants and being proactive really proved to…

Running and real estate

Running and real estate

Running and real estate:   I spent most of my childhood growing up in a little town called Hull located in Madison County Georgia — that’s right next to Athens where the UGA main campus is located. I went to Colbert Elementary and then on to Madison County Middle School.   During those years I was involved in sports playing baseball and soccer at the county rec department. In seventh…

Preparing for a market downturn

Preparing for a market downturn

Preparing for a market downturn   I was part of a webinar this morning where the topic was what someone should do in a market downturn like what we’re getting ready to experience. Actually, I’d say we’re already in the downturn. We just haven’t seen how it will manifest itself in the real estate world yet.   During the call, we first talked about things we’re doing differently in our…