Today we’re talking about the crappiest of real estate investing—property management and dealing with tenants and toilets. I reluctantly started my own property management company when I established my turnkey company because I didn’t think I could have a successful turnkey company without in-house property management. Now my thoughts have changed, so I’m going to... Continue Reading →
How to Upgrade Your Property Just Enough to Make it Profitable
Over improvement is a mistake that I believe everyone makes at least once — and usually more than once before they learn better. I have made this mistake myself and learned from it. And I’ve also been fortunate to learn from friends and mentors and the mistakes they have made. Having both the knowledge of... Continue Reading →
When it Comes to Your Rental Portfolio, How Much Cash Flow is Enough?
“Cash flow” is a term that comes up in most conversations on real estate investing—and for good reason. As a landlord, if the rent you charge is significantly higher than your expenses, that difference can not only help you build wealth but can also serve as a potential cash cushion, there to soften the blow... Continue Reading →
How to Build Your Real Estate Portfolio Faster Using “The Stack”
You know the common advice all the finance gurus teach: “Save 10% of your paycheck, put it away in some slow growth stocks or mutual funds, wait 50 years, and you’ll be the richest person… in the cemetery.” I don’t know about you, but I didn’t want to take the slow route. I wanted financial... Continue Reading →
How I Was Almost Fooled by Evicted Tenants (& What I Learned)
The top thing in every landlord’s mind is to ensure that you don’t recruit a tenant who will only result in an eviction notice. After all, having a troubled tenant can lead to cash flow problems, which is obviously bad. On that same note, not only can this lead to financial distress, but it can be time consuming... Continue Reading →