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Finding good tenants

Finding good tenants

Finding good tenants   I was at a lunch meetup this week where one of my friends was telling me about how they are moving away from the Padsplit company and going to self-manage instead. And the biggest reason for that has to do with the tenant selection process Padsplit uses. If you are not familiar with Padsplit, it is a novel idea. Instead of renting an entire house to one family, the...

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It doesn’t float uphill

It doesn’t float uphill

It doesn’t float uphill   Yesterday was a busy day for me, and it was not things that were planned. That can be either a good thing or bad thing depending on the circumstances. Mine was a combination of the two. Let me tell you about it. We just filled a nice two-bedroom one bath mobile home last week, which made for a busy week as well. The reason for that was we needed to get all the...

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Looking like professionals

Looking like professionals

Looking like professionals   The cost of trade labor has gotten quite high lately in my opinion. I’m seeing some strange business practices with how companies are bidding jobs. And if you’re looking in the wrong places for help, it might cost you an unneeded arm and a leg — especially in the plumbing world. Let me explain what I mean by that.   The first instance had to do with our...

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Looking like professionals

Soaking wet with three-day old pants

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...

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Tracking your rentals

Tracking your rentals

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...

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