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The four jobs of a tenant Rental property that produces a positive cash flow is the Alpha and Omega of real estate investing. To have positive cash flow, you need to have a tenant that pays well. But is that all that you need them to do? The Answer is an emphatic “No”. When we lease up a tenant, we tell them that we’re hiring them for four jobs. Think about that concept for...
Rent is due on the first and late after the fifth for most rental properties. See if this scenario sounds familiar. It is 5p.m. on the fifth and you get a frantic call from a tenant. They’re giving you every reason under the sun for paying late. They say things like, “Please, please give me until next Friday.” Next Friday comes. No payment. Before you know it, two months...
Ashley and I recently took our toddlers to the Ripley’s Aquarium in Gatlinburg, Tenn., for the first time. Boy did we have a time. Notice the omission of the word “good” in that last sentence. The time we had was stressful and not fun. My three-year-old decided he wanted nothing to do with the exhibits. Instead, he wanted to plow up and down the halls pushing the “stroller of...
When starting on the journey of real estate investing, it’s hard to figure out which way you should go. It make’s it even harder when you have little to no money. This was the problem Ashley and I had experienced. We were broke. I mean flat broke. Like I was going door to door with my pressure washer trying to get up enough work for grocery money kind of broke. We didn’t know how we were...