Archive
COVID, cabinets and courthouses The effects of COVID-19 have reached many facets of our lives in 2020. On the real estate business level, they have has affected our purchasing capabilities — specifically how we’ve been able to purchase materials on our rehabs. It started out with 5/4 boards not being available for building decks. Then the shortage moved into other lumber areas before the...
Missing my friends I’m missing my friends a lot lately. I didn’t even realize how much until this past week when I got to see friendly faces I haven’t seen all year. The first one was a total surprise. I came home for lunch and as I rounded the corner to my house, I saw a gold SUV sitting in my driveway. That SUV belonged to nonother than the lady I lovingly refer to as my “Rich...
The Odd One On this episode of What's The Deal, Joey and Ashley show you how to acquire a rental property via owner financing and then compare and contrast the rehab differences in a rental verses a flip project. https://youtu.be/i5m-ELeyWRY
Cool it, buster When you own rental property, there are a lot of expenses you should plan for. Most people understand making payments on their mortgage and property taxes monthly, but there are sporadic expenses you should be saving for monthly as well. They include things like vacancy and repairs. The savings we set aside for paying these costs is something we call a rental’s “expense...
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....