Archive
Robbing Peter to pay Paul We just had our first real hot days for this year, which means landlords are about to get calls about air conditioning not working properly. Now, there are some normal things that can happen when central units go from being “off” during springtime to “on” full blast in the Georgia heat, and these typical malfunctions can hinder a unit’s ability to cool....
Builders, Handymen and Remodelers So, I was standing on some exposed floor joist talking to (but really interviewing) two contractors who had reached out to us for work on one of the many projects we have going. And as we talked, I thought the conversation would make a good column. Now, you may be thinking to yourself, “How did Joey end up on an exposed floor joist if he’s just now...
I’m so sore right now. My hands hurt, I have bruises and cuts all over the place, and my back is killing me. This is all from doing something I haven’t done in a long time: I’ve been framing on a house. Sometimes I get asked if having a contractor’s background has helped us in our investing career. To begin with, it did. When it was just Ashley and me, I could do most of the...
I had an interesting time with contractors last week. We have five rehabs going right now, which means we are dealing with lots of contractors and many different schedules. And last week’ workflow was, well, inefficient at best. I had one contractor go MIA. I chose that term because we didn’t know he was gone. He normally goes out, works and sends us his invoice when he is done. At...
So, you’ve been telling everyone that you buy houses, and you’ve finally found someone who needs to sell their property quickly. After you inspect the house, you realize it needs work. But there could be a good profit if you fix it up and sell it. You get the seller to the kitchen table and structure the deal of the century. The seller accepts, and you close the deal. Now what? The...