Adventurer | Cynic | Raconteur | Stones Fan
I just got into it AGAIN on my facebook page with someone else pitching cheap-ass properties in bad areas with Section 8 tenants as the Holy Grail for buy and hold investors. He came on my page with an unsolicited pitch for his properties, and then really got his panties in a bunch when I […]
Since I’ve been renting houses now for several years I’ve seen this a bunch of times. I call it – “The Boyfriend Disorder”. When I first experienced it I shook my head and wondered what was happening. Now I can see it coming a mile away. I wish though that I could see it coming […]
Why? Because it sucks big time. Call me Captain Obvious, but I just recently came to this conclusion. Let’s look at how it works. You hire a company to “manage” your rental house. They’re supposed to collect rent, pay expenses like insurance and property taxes, and make sure that the necessary repairs and maintenance, including […]
Wow. I just received another screeching email from a self-proclaimed guru bragging about how he just did another risky deal with private money from a new private lender in a crap-hole neighborhood that he would never buy in with his own money, and that he didn’t even have to offer a personal guarantee because the […]
There are three factors that you should be aware of when you look to buy rental houses here in the suburbs. Knowing these, and acting on them, will substantially reduce your risk as a rental house owner. The three factors are: 1. Never own a property in your name While I’m not an attorney, I […]
Choosing the right property manager is critical. Think about it. You’re investing from a distance, and you’re buying rental houses here in the suburbs to generate consistent and predictable cash flow. Your your property manager, therefore, is the person who will have the greatest impact on it. The best solution is to manage the properties […]
