Maintenance Inspection for Long Term Tenant
Sunday, January 22
Bruce hates doing maintenance inspections, but I really like to touch base with the property and the tenant.The tenants in the 3 units we still self-manage are all long term tenants, so we visit every 18 months or so. As for today, we’ve seen better and we’ve seen worse. Overall I’m pleased.She...
My 2017 Goals – Enough
Wednesday, January 11
A new year, a fresh start, a time for reflection and goal setting.Last year I intentionally didn’t set any goals, but still accomplished a lot. Another high rental income year, finally met Marcia Maynard, improved peace using a mix of self vs PM management, one tenant turnover under our watch, a...
HERO OR ZERO – By the Numbers
Friday, December 16
When people ask me whether we would recommend our property manager, I just cringe. And usually say “The lack of communication and poor paperwork drives me nuts, but we are getting higher rents and it is REALLY nice to not have to deal with them as closely.”Last year was a great year, we earned $...
Time to teach finance!
Friday, December 09
One of the things that I keep handy is a book report I wrote with Excerpts from See Poverty…Be the Difference: Discover the Missing Pieces for Helping People Move Out of Poverty by Donna M Beegle. I use it to remind myself and to explain to others how complex the poverty issue is.The gap between...
The Book on Rental Property Investing - Part 2
Friday, December 02
In chapter 3 Brandon outlines different strategies to build wealth over time. I thought I’d see how our strategy lines up to his great examples.Our goal is to accumulate $1MM in net worth in 15 years, about half of which will come from investment properties. Year 1: Purchase 3 properties, 5 uni...
The Book on Rental Property Investing - Part 1
Friday, November 25
It’s been on my shelf calling my name for months now. I know I can’t carve out time to sit down and read it cover to cover or even a chapter at a time, so have been reading it in short snippets. Whenever I read the book, I hear Brandon Turner taking in my head. I can’t think of many books I’ve ...