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.
Tag: cashflow
Michigan Real Estate Investing TV: Because CASH Doesn’t BOUNCE!
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.
Michigan Real Estate Investing TV: The Definition of Insanity
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.
Michigan Real Estate Investing TV: Oooops! That NOT Positive Cash Flow
I found the documentation from the first apartment building that I ever went after. It was a bread-and-butter 5 unit in Flat Rock that I was attempting to buy via a short sale. I was shocked to see the mistake that the buyer made when she bought. But it’s a mistake that I see a lot of new investors make.
Michigan Real Estate Investing TV: Cookie Cutters Aren’t Just for Christmas
Critical Success Factor #1 for being a profitable and happy rental property owner is property selection. The benefits to doing this right, from the start, are endless. And one aspect of property selection is buying cookie cutter houses.
Michigan Real Estate Investing TV: Danny Johnston Woke Up a Free Man Today
He chucked his corporate job yesterday to follow his passion. Congrats Danny and I look forward to following your success.