Archive for September, 2009

In normal markets risk and reward are in an unbreakable relationship. You want higher returns? Then you take higher risk.

But the real estate market here in metro Detroit is not a normal market – external factors are acting upon it.

And that has put the risk-reward relationship out of whack here – such that you CAN get higher returns without taking on more risk. IF you know where to look.

What are you doing to take advantage of it?

Just a quick one on Friday afternoon as a reminder . . .

One of the critical mistakes that I see new and inexperienced rental property owners make in their Michigan real estate investing businesses is that they let tenants negotiate the lease terms.

That’s a bad idea.

Did an interview yesterday with a guy that’s writing a book about property management. He wanted to get the perspective and some best practices from small owner-operators like me.

He was surprised to find that when I SAY cash I MEAN cash. Not checks, not money orders. For a very good reason.

I got thrown out of college and moved to Lake Tahoe back in 1983. I learned a pretty good lesson simply by observing those that had arrived before I did.