Archive
Don’t kill the golden goose I was talking with an investor the other day who had just received some really great news. His portfolio of rental properties had an equity value of over $1 million. I asked him how he found this out, and he told me he’d been working with a financial advisor who had challenged him to find fair market values for each piece of property he held. ...
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...
Money talks, but in-homes reveal Once upon a time, in land far, far away, Ashley and I bought a property in the township of Villanow — well it feels far away. But it’s really only about a 45-minute drive. Now, if you’re asking yourself where in the world Villanow is, many people share that sentiment when I bring it up. Villanow is located in Walker County, Georgia on the...
Don’t let innovation disrupt you There’s a really cool book you should check out called “Disrupt You” by Jay Samit. Jay is a serial entrepreneur with a background in media and computer programming. To define the concept of what a disruption is, Jay tells a personal story about how he failed big-time. He had a computer programming company that was bidding on a state contract to make...
Running and real estate: I spent most of my childhood growing up in a little town called Hull located in Madison County Georgia — that’s right next to Athens where the UGA main campus is located. I went to Colbert Elementary and then on to Madison County Middle School. During those years I was involved in sports playing baseball and soccer at the county rec department. In seventh...