The "3% rule" deal
Wednesday, August 21
I strive to get the best deals I can. These are the following characteristics that I look for: 1) Great cash flow. 2) Great rental to purchase/rehab value (at least 2%). 3) Good area to invest in Some people think the 2% rule is mythical, so I'm setting my sights on getting my next...
Differences between i.e. and e.g.
Friday, August 16
Okay, sometimes I'm a stickler for grammar (and sometimes I'm not -- but then again, sometimes I feel like a nut and sometimes I don't). Good writing skills are essential in real estate when you are communicating with others and want to be professional. Just a quick tip (quick tip!) on ...
FREE lawn care!
Saturday, August 10
Today, I was at the duplex property I purchased a month ago and a truck rolls up with 3 guys in it with lawn care equipment in the back and asked if this was such-and-such address (because I need to put house numbers on). I said yes, and why. He said they were there to cut the grass. I'm...
Perils of investing out of state
Saturday, August 10
There can be some extremely positive returns from investing out of state. However, you can run into some perils, too. You need to either really know the market you're investing in, or have someone acting as your "boots on the ground" in that target market who knows the area. Here is a recen...
Value of tenant interaction
Thursday, August 01
There is definitely something to be said in the value of a good business relationship with your tenants.Even though I work a full-time job, I give my tenants my cell phone number, my home phone, and they can email me or text me.I had a good tenant who's been with me for a year in a duplex let me ...
Change for landlords in WI
Tuesday, July 30
The Wisconsin Attorney General just issued a formal legal opinion that states that it is legal for a residential landlord in Wisconsin to require an outgoing tenant to pay to have the carpet in the unit professionally cleaned and to include such a provision in the rental agreement.Previously, ...