CASH FLOW
With Joe

Financial Freedom, One House at a Time

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What we’re learning about 2024

What we’re learning about 2024

What we’re learning about 2024   We've already talked about why it's important to do an end-of-year review and how you can't get a clear picture of where you're going unless you know where are in a column titled “It’s time to get to know your numbers.” But something I don’t think I explained well was how we interpret the data we look at, why it’s important, and why you need to share it with...

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Land lording

Holidays, vacancies and late payees

Holidays, vacancies and late payees

Holidays, vacancies and late payees   I got a call recently from someone needing advice about their landlord/ tenant relationship. This caller was the tenant, rather than the landlord.   This tenant was upset that they had just received — and I quote — “a...

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It came back to bite us

It came back to bite us

It came back to bite us   Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought.   Let me walk you through the major parts of our tenant...

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Move-in inspections

Move-in inspections

Move-in inspections   I was out doing service calls on some of our rentals yesterday. There’s a reason for that. It’s mainly that I like to handle the repairs listed on a newly installed tenants’ move-in inspection sheet. First, let me tell you about the...

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Mobile Homes

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Real Estate Investing

Do it wrong, do it long

Do it wrong, do it long

Do it wrong, do it long   When I was in middle and high school, I was on the football team. Notice how I intentionally phrased that statement. Let me explain.   When I was in middle school, we lived in a little town in Madison County called Hull on the...

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Kill it, or keep it?

Kill it, or keep it?

Kill it, or keep it?   I’ve written to you before about the story of the goose and the golden egg. Just to remind you, it’s about a poor farmer who discovered he had a goose that would lay a solid gold egg each day. The farmer would sell that egg and then live...

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Real estate is not a house business

Real estate is not a house business

Real estate is not a house business   This statement may sound counterintuitive, but real estate is not a house business — it’s a people business. It just so happens that the setting in which you are interacting with the people includes houses and mobile homes....

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Videos

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