Archive
The right way to borrow private money This week I have had calls from multiple private lenders telling me horror stories about investors that had borrowed their money and did not make good on the loans. To me that’s crazy! And I want to explain today what private money lenders are, and the right way you should borrow from them. In most cases, a private lender is a person who is using...
Soaking wet with three-day old pants I am soaking wet and quite a bit dirty right now. And if truth be told, I have had the same pair of pants on for three days straight. Now that may seem a bit odd, but let me explain. On Tuesday afternoon I got a call from a tenant. She was a little frantic because when she went to go make the baby a bottle, she noticed there was no water pressure on...
Tracking your rentals This week we have been neck-deep in QuickBooks working on our numbers in our rental company. The reason for this is we are doing a deep dive on our rentals to see how they’re preforming and also updating our actual metrics from 2023 to better forecast what we need to do for 2024. Now, if you are unfamiliar with the word “metrics” as it applies to rentals, all that...
A Landlords Tale ‘Twas the night before Thanksgiving and all through the house, Not a creature was stirring, not even a mouse. Now you know that’s not true, cause children of four have we, And there’s nary a moment of silence, especially in the evening. At 8 o’clock my daughter was baking cookies for the next day’s feast, And the two littles were roaming the halls making sounds of some...
Did I mess up? “I don’t believe this is going to work.” That is what the soil analysis guy, named Doug, told me as we were trapesing through the property we just purchased. And as we walked back, all I could think was, “Did I mess up?” That’s a sinking feeling. This house was one I’ve told you about in the past. It was the house that had a title flaw on it and in order to get rid...