Watch your profit go right down the drain. Literally.
Friday, May 19
I just answered a question in the forum that prompted me to write this blog. recently I bought a property at sheriffs sale and you cant do any inspections. We did everything right. Sold it in one day for full price. After the inspection we found that the sewer line was infested with tree roots. W...
Every tenant excuse in the book. i have heard them
Thursday, May 18
Listen after 25 years of being a landlord and 15 years of doing property management for other clients you pretty much hear and see just about everything. We have been taken advantage of by little old ladies, young ladies, church pastors, Doctors, professional athletes, section 8 tenants, family ...
Whats next? I just approved an applicant for my rental
Thursday, May 18
Once we go through the applicant approval process we require that the applicant get to us a security deposit in full. We don't take partial payments. If they cant even come up with the deposit in full now then what is the likely hood they will be late on paying rent if their finances are running ...
Water damage Spend 30 seconds prevent thousands of dollars of damage
Friday, May 12
Just had this happen recently so i wanted to remind everyone to do this small simple task.When you have a vacant property ESPECIALLY in the winter, turn off the main water line next to the inside water meter. In the winter the property should also be winterized and the water should not be turned ...
Get rich at home in your PJs learning to do a desktop analysis
Thursday, May 11
I have found that my most productive time is analyzing deals from my computer. I can go through thousands of properties without leaving the comfort of my couch on a monthly basis. You will spend 1/3 of your day sleeping and 1/3 to 1/2 of your day at work. Sprinkle in family, food, fun and so on ...