Archive
Finding Good REI Teachers Makes All The Difference When Ashley and I got started in investing, we fell prey to one of the big-name teaching circuits. What I mean by that is we went to one of the free seminars, that led to the $100 class that was really a dog-and-pony show to sell their overpriced, and as I later found out, somewhat antiquated classes on how to become a real estate...
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...
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...
The best deal you’ll ever do About this time two years ago I wrote to you about a house that I was trying to buy for Ashley in a column titled “Don’t get emotional when making offers.” That was the one where I did get emotional and offered the seller double what he was asking for it… you read that right. The reason I got emotional was because it seemed like it was the house of Ashley’s...
My cheese moved… again Today I’d like to tell you about a little book that if you have never read, you really should. It’s called “Who Moved My Cheese?” by Spencer Johnson. It’s a tiny book that packs a huge amount of insight into how people should deal with change, and it’s in the form of a fable. The story starts by identifying four characters who spend their time exploring a maze...