I got called a four-letter word Last night, I was taken aback. I had a tenant call me a four-letter word. Now, I’m used to being called some four-letter words, and I’m OK with that. You see, not all of them are bad. I’m used to being called “boss.” Ashley calls me “cute,” and sometimes bumps it up to a full-fledged “hunk.” Of course, I have to be doing…
They just aren’t cutting the mustard I learned a great tactic from one of my landlord teachers named David Tilney when I took his course called “Hassle Free Property Management.” In the course, David said that all his leases end in either June or July of the year. The reason for this is multifaceted. You see, June and July is when kids are out of school. This makes…
Three questions for the end of year review It’s that time of year again. It’s time to reflect on 2022 and then make new goals for 2023. What have you done to prepare for the coming year? If you’re not sure what to do, I’ll tell you the strategy we use that I learned from Jocko Willink, author of “Extreme Ownership: How U.S. Navy Seals Lead and Win.”…
Be on the watch out We found out someone was running a scam on one of our properties this week, and I wanted to tell you about it. The house where the scam occurred was a nice, two-bedroom, 1 1/2-bathroom mobile home in a country setting in Gordon County. It was being offered for rent, and it is one of our most affordable units. Now, we use…
Why buy rentals? Boy, we’ve had a week — maybe more than a week. You see, it really started when Ashley’s water broke last Thursday. When that happened, I spent the following Friday trying to finish everything I possibly could. I knew our fourth baby would be here soon, and I wanted to get as much done as possible in final preparation for that impending event. And I wanted…
Death in a rental I was talking to a real good friend named Nicole recently, and she had something happen in one of her houses that she wasn’t sure how to handle. It’s a very delicate situation that you as a landlord may run into at some point. And I thought I would share her story, what she learned and what she plans to do in case you ever…
Termination of lease I would like to start off this week’s column by apologizing for missing you last week. But we had an unforeseen event take place that kept me from being able to get it done. You see, Ashley went into preterm labor. It had been a busy morning for me. I was in and out of meetings, coordinating rehabs, getting things lined up for a lease-up…
Is a master lease a good strategy? The very first rental property Ashley and I ever managed was a little three-bedroom, two-bath house on Kids Drive up in Dalton. At the time, we lived in Villanow, and Dalton was a place we frequented. It was also a place that we did a lot of door knocking trying to find deals, which is how we found the house on Kids…
How we handled our rent increase Last week, I talked to you about the increased property maintenance costs landlords are facing on their rental properties. We showed how some repairs are now costing 50% more than they did just a year ago. And we also talked about how price increases are prevalent on both property taxes and insurances. I concluded by showing you how landlords have no other option…
Why rents must go up Price increases are staggering right now. I know everyone is feeling it at the gas pumps and at the grocery stores. But what about us landlords? I can say from personal experience that we are feeling it in lots of places. Let me explain. This last week I was on a call with Matt from Simple CFO. Simple CFO is a company that offers…