Market Rents in our Market
Thursday, April 13
Each quarter I summarize market rents. I noticed some striking things this quarter. Here's some observations from the wonderful world of Craigslist:Average market rents seem to be at $1/square foot right now, regardless of bedroom size and features. A few are content with $0.75, some are pushi...
First Quarter Progress Toward 2017 Goals
Friday, March 31
It’s the end of first quarter. A quarter of the year is over.How are we doing on the goals we set out for the year?I embraced the word ENOUGH for this year. There are a ton of things I’d like to do, but a lot is going on at my W-2 job and small steps are going to be enough this year.My specific...
Another week in the life of a landlord...
Friday, March 24
How long do you wait for an appointment before giving up? I had a meeting with a tenant after work, a no show. I gave them 20 minutes.How much do you scurry to get a copy of the rental agreement to a tenant so she can register her kid for kindergarten? Evidently a lot, because Bruce's excuse f...
Roommate Wanted - Over & Over
Friday, March 17
One of our tenants has been renting from us since 2014.And we’ve done new paperwork for her four times now. She either gets a boyfriend then they break up, or she gets a roommate to help defray costs and it doesn’t work out.Sometimes they are authorized occupants and we only do an addendum, some...
Book on Rental Property Investing: Chapter 5
Friday, March 10
I’m still working my way through Brandon’s book. My pace is not slow because the book is uninteresting, but because my life is crazy. I’ve had some momentum this month and are now in chapter 12, but wanted to revisit chapter 5.Chapter 5 is about analyzing a rental property, and it has a lot of ...
2016 Rental Results By The Numbers
Sunday, March 05
With the year complete and work on income taxes under way, time to reflect on results.Like last year, I’ll contrast some of the rental numbers between 2015 and 2016. 2015 was our easiest and best year yet. 2016 was slightly worse financially and not as easy.In 2016 we had one uneventful move-out...