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…

Why do we fall?

Why do we fall?

Why do we fall?   Two people fell this week at the gym where I work out. They were both middle-aged women, and both falls were centered around some sort of running. As I reflected on what happened in each instance, I saw some very good learning lessons I’d like to share. But first, let me tell you about what happened. The first incident took place on the treadmill.  …

Just because you can, doesn’t mean you should

Just because you can, doesn’t mean you should

Just because you can, doesn’t mean you should   I was talking to an investor friend, recently, who was facing a conundrum. You see, he had become very specialized in one area of real estate. And the strategy he’d been using to buy on auction platforms, do minimum rehabs and resell was no longer working. Referencing the book by Spencer Johnson M.D., my friend said, “My cheese moved.”    …

Comfort can kill you

Comfort can kill you

Comfort can kill you   On a recent morning, I was heading back from a new acquire we have out in the Ranger area of Gordon County. The house is currently being rehabbed to get it rent ready.   I was at the house after leaving the gym before 7 a.m. to drop off some materials for the guys.   We got them unloaded, and I headed home to take…

Succession plan

Succession plan

Succession plan   I think most parents want to leave an inheritance to give a better financial life to their children and grandchildren. But should that wealth transfer happen haphazardly? Or should there be some real forethought as far as how the inheritance should take place?   What I’m talking about here is how you should be training your children and grandchildren to inherit the wealth in your estate and…

Robbing Peter to pay Paul

Robbing Peter to pay Paul

Robbing Peter to pay Paul   We just had our first real hot days for this year, which means landlords are about to get calls about air conditioning not working properly.   Now, there are some normal things that can happen when central units go from being “off” during springtime to “on” full blast in the Georgia heat, and these typical malfunctions can hinder a unit’s ability to cool. But…

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…

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…