02.07.14 Real Estate Results for 2013
Friday, February 07
Taxes aren't done yet, but 2014 rental financials for our low income empire are pulled together. Things that went well: ·Higher income and more principle pay down than 2012. ·Waiving less fees less often, collected $350 in 2013. ·Found a cheaper screening company. ...
01-17-14 Issues Facing the Low Income
Friday, January 17
When I was little, my parents were poor. By the time I got old enough to realize my economic standing, we were middle class. And I’ll be the first to admit that I cannot relate to the issues facing the low income. When we started low income landlording and local mission work, I reall...
01-12-14 Smoke Detectors with Dead Batteries
Sunday, January 12
Low income tenants do not put batteries in smoke detectors. It drives me crazy. This week we did a maintenance inspection. In the letter that goes out to schedule it, we state that this is not a housekeeping inspection, but we will be inspecting the smoke detectors, so they have fair w...
01-06-14 Ten Things that will Cost More
Monday, January 06
I enjoy listening to CNN first thing in the morning from the treadmill. Christine Romans had an interesting story today: 10 things you'll pay more for in 2014: Nuts Mail A house Rent Honey Chocolate Satellite TV Public Transportation Health Care ...
01.01.14 Real Estate Goals for 2014
Wednesday, January 01
Another year of maintaining and improving the empire instead of growing it. My specific goals this year: More visits to properties, perform 8-12 maintenance inspections, and be more proactive to reduce move outs or at least expensive move outs. Success is hitting 10 CAP instead of 9.5-9....
12.27.13 Checking Out a New Tenant Screening Service
Friday, December 27
The process I documented in my e-book and that we have been using for tenant screening costs $40 per person- $10 for criminal check through WATCH: Washington Access to Criminal History, and $10 for credit report summary information through aaascreening.net. After joining Washington Landl...