Cash flow—it’s a term real estate investors eat, sleep, and live for. Maybe it’s used in reference to bigger sums of cash flow, as in flipping, or more often it’s used in terms of the monthly cash flow that a rental property does (or doesn’t) bring in. Either way, cash needs to be flowing in for... Continue Reading →
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5 Steps to Raise the Rent on Newly-Acquired Tenants
Sometimes you inherit tenants when you’re an active rental investor. Many landlords instinctively want to keep inherited tenants to avoid vacancy, property updates, and the other costs and headaches that come with turnovers. Some will go so far as continuing to accept far lower-than-market rents to avoid rocking the boat. Other landlords view all tenants... Continue Reading →
The 3 Dumbest Mistakes Buy & Hold Real Estate Investors Make
There is no doubt that even the professional long-term real estate investors are prone to the occasional slip up, so don’t feel down if you make some mistakes. After all, it is all a part of the learning process. However, do keep in mind that it is definitely an error if you consistently repeat these mistakes and... Continue Reading →
How to Know When It’s Time to Evict a Tenant
I hate to do evictions. Do not get me wrong, I do one if I have to. But I find evictions to be costly, confrontational, and just an all-around drain. I much prefer to work with a tenant rather than evict — as it is often less expensive, less of a hassle, and it leaves... Continue Reading →
Why I Fired Property Management—And Began to Manage My Own Investments
When my partner and I bought our first investment property in 2008 in the city, our initial plan was to hire a management company. At that time, we had a management operation in the suburbs where we managed around 400 units and a couple million square feet of commercial space. The new location was away... Continue Reading →