Off-Topic Friday: Collateral Damage – Baby Boomers Forced to Delay Retirement
The Wall Street Journal this week highlighted a problem that’s only getting worse as the financial sector melts down. Baby Boomers Delay Retirement Declines in Assets Force a Generation to Face New Reality By KELLY GREENE Nancy Davis, a 59-year-old senior marketing manager for a law firm in San Diego, had hoped to ease into […]
Part II of Finding the Perfect Deadbeat
Yesterday I started a discussion on how finding, screening, and selecting tenants is Critical Success Factor #2 for being successful at owning rental properties. And I began to discuss the four steps that need to be taken to screen and select successfully. I talked about step 1 yesterday. That was Set expectations up front. I’ll finish up with the rest of […]
Critical Success Factor #2 – Selecting the Perfect Deadbeat to Give Your House To
That’s harsh I know. And the way that I run my business it’s not at all accurate, because I have some of the best renters that you could imagine. But think about it – you have a house that’s worth, say $100,000. You’ve bought it, done some work to it, and you’ve made sure that […]
Off-Topic Friday: Trivial Pursuit, or More About The Author
The meme bug is sweeping the real estate blogging world again. @ToddWaller tagged me a couple of days ago to reveal potentially embarrassing facts, after he had supposedly done so himself. I didn’t see any embarassing things on his list, but there were a bunch of interesting things that I learned about him. So in the spirit […]
Talk About the Law of Unintended Consequences
As I look at the stock market, at the moment the DOW is at 10,844, down another 215 points today. Do you know what this means? That as of right now the market is only 476 points above where it was eight years ago after the internet bubble burst. It’s still above the lows that […]
Off-Topic Friday: Boston-Edison’s History Being Sold for Scrap
I have always been a fan of old homes. Not 1930’s and 40’s. Boring. I’m talking REALLY old ones from the turn of the century. Â There’s something about walking through one of them when it’s vacant and listening. When I do this I can almost hear the sounds of the families that lived there. […]