Land lording: call of doody

Land lording: call of doody

  This has been the year of the septic system. So far we’ve put in three sets of field lines and had to learn what not to do on a lower pressure drip system. (After owning one for four years, we learned they have a filter that was supposed to be cleaned every six months. Not doing so overpressurized the low pressure system and literally blew holes in the yard….

Why you should rent-to-own

Why you should rent-to-own

  It’s my opinion that in today’s market, landlords should be offering all their rentals as rent-to-own. In this deal structure, a tenant buys the right to purchase the landlords property, for a predetermined price and time frame, all while renting the house. It’s also called a lease option.   So what makes this deal structure attractive? First, you’ll get market- or above- rent rates. That’s because the number of…

A day in the life of an investor

A day in the life of an investor

  I’m often asked when talking to aspiring real estate investors what a “full timer’s” daily schedule consists of. So far my reply has not been that we push computer buttons for 10 minutes each day, in order to make a bazillion dollars a day while enjoying umbrella drinks on exotic beaches. I say that because that’s how infomercials portray us. My experience, however, has been… well let me tell…

How to advertise your rental property

How to advertise your rental property

So you bought your first rental property, you’ve gotten it looking nice, and now you’re wondering how to announce to the world that it’s available.   There are tons of great ways to accomplish this. Ashley and I recommend utilizing multiple sources when placing a property on the market. Today, I’d like to go over some of the ones we use as well as things to watch out for.  …

Forget leaky toilets, we’ve got a squirrel!

Forget leaky toilets, we’ve got a squirrel!

  You often hear tired landlords complaining of midnight calls from their tenants about leaky toilets. We’ve never experienced those calls. That’s because our tenants know that if they call after 5 p.m., they’ll get a response the next day- unless it’s an emergency of course. We’ve received a couple of those late-night calls for things like busted water mains, but they’ve been few and far between.   The issue…

Does your paycheck give you freedom?

Does your paycheck give you freedom?

  As I write this I’m 15,000 feet in the air, courtesy of Delta Airlines, somewhere between Atlanta and Springfield, Mo. I’m on my way to go see one of the strongest and bravest people I know. Her name is Kaleigh, and she’s my little sister.   What makes Kaleigh so brave you might ask? She’s fearless. Well that’s not true. She frets on the inside just as badly as…

A strong fence makes for good neighbors

A strong fence makes for good neighbors

A strong fence makes for good neighbors:   The prospect of renting to friends and family is something that comes up from time to time. Some people like to steer clear of that practice because of the potential damage it can do to relationships. I’m normally one of those people because our relationships are too important to put in jeopardy. That being said, we’ve done it in the past –…

Heigh ho, heigh ho, it’s off to court we go

Heigh ho, heigh ho, it’s off to court we go

Heigh ho, heigh ho, it’s off to court we go   So your tenant didn’t pay and you sent them a letter of demand stating they had three days to either pay or move. They did neither and you filed for a dispossessory. The sheriff served the papers and seven days later you get a call from magistrate saying your tenant answered and you have to show up for court…

They happen. What, evictions? Sometimes.

They happen. What, evictions? Sometimes.

They happen. What, evictions? Sometimes.   If you’re a landlord, chances are you’ll have to file for an eviction at some point. I’d like to walk you through what you should do when filing for dispossessory so you won’t feel as unprepared as I did the first time I had to.   Start by notifying your tenant that they haven’t paid by giving them a letter of demand. This letter…

Six degrees and six vacancies… Oh shazbot!

Six degrees and six vacancies... Oh shazbot!

Six degrees and six vacancies… Oh shazbot!   It’s six degrees outside. Well not exactly. Technically it’s in the teens, but with the wind chill, it feels like six degrees. Needless to say, this is not normal weather in Georgia. There’s ice and snow everywhere. And as I lay in bed this morning, all I could think about was all the ways this weather could affect the six vacant houses…