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Full throttle It is about to get busy around here. Normally, the rental side of our investing business is what you call semi-passive income. The reason it is “semi-passive” is two-fold. One is because each month there is some “work” associated with processing payments, updating books and sending out demand letters for late payments. I put work in italics because most of this can be...
Something to rejoice over It was chilly last night. I believe it got down to nearly 32 degrees. Normally that would be no big deal. My heat pump and insulation keeps my house at a nice 72 degrees this time of year with little effort. But last night, my family and I were not in our house. We were dwelling in tents. The reason for that is we are at the Feast of Tabernacles. And if you are...
Tenants to my rescue I’m sure you have heard horror stories about terrible tenants. I know I have. As a matter of fact, I have bought more than one house from tired landlords who were actually afraid of their tenants. Can you imagine that? The landlord — you know, the person who owns the property and has the right to demand their property back — was actually afraid of their tenants. And...
July 1st landlord tenant law changes A new law went into effect on July 1st of this year named the Safe at Home Act. If you want to look it up, it is House Bill 404 and it has brought about some changes you need to know about as a landlord, especially when it comes to the eviction process. If you don’t know, the laws associated with the landlord tenant relationship are defined in the...
How I do an in-home interview This week I saw a feed where someone had asked the question “what three things people look for in potential tenants?” That got me curious because we don’t look for three, but four things in a potential tenant. As I read the responses, people listed things like credit scores they prefer and job stability. One said they were looking for someone who does not have an...