3 houses for the price of 1
Tuesday, November 19
Real estate can be pretty crazy sometimes. Imagine searching for a home and finding a rental property that costs $118,000. Now imagine that you could rent out that home for $2,225. I know what you're thinking -- no way that could ever happen -- can't buy a property that cheap and get that mu...
Skeleton key ... in 2013?
Saturday, November 16
I went to look at properties today, which was unfortunately cut short due to rain. The first property was listed for $25,000 but had massive foundation problems, such that the floors in the basement were coming up and the walls had very large cracks in it. The main floor was not level at al...
What is it with bad landlords?
Wednesday, November 13
Just got a call tonight from an acquaintance who's friend is having a rough time with her landlord. The sewer lines in the basement are backing up, and the landlord told her that it's her responsibility to fix. It's a townhouse where the lines are shared with the neighboring tenant. The fr...
Landlord meme
Wednesday, November 13
I searched online for a "This is what ... think I do" meme for landlords and could not find one, so I copied liberally from other sources to create the one you see here. Hope it gives someone a chuckle.
Doorknob mistake
Wednesday, November 13
Bigger Pockets is a great resource for people to ask questions and learn what to do in real estate. It's also a great resource for learning from people's mistakes. It's hard to admit you made a mistake, because then it makes you look not perfect. But everyone's not perfect! I realized I ma...
Rental payment in cash
Sunday, November 10
I have a love-hate relationship with accepting rental payments in cash. Love: - Cash does not bounce. It's good the day you accept it. - Holding all that cash in your hands feels like something special. Much more so than a number on a piece of paper. Hate: - I do not like walki...