All Forum Posts by: Adam Robinson

Greetings, 

I always hear people say “it’s not always passive” when talking about real estate investing. 

I’ve seen several posts on social media where they’ll be a downed tree on the property, a few shingles blown off by wind, or some damaged siding, and the poster always says “it’s not always passive”.

My question is: what does everyone do with their monthly repair costs? Do you store it in a separate account? 
When I run the numbers on potential investments in my “monthly debt column” I have; “monthly repair costs”. For my calculations I take 15% of my potential gross income (PGI). So if I have a PGI of $2200, my monthly repair costs would be $330. Now, units don’t always need to be repaired, so I’m stuck on what I do with that $330. Do I add it to my cashflow, or put it into a separate account? And if I do put it into a separate account wouldn’t a downed tree be a nothingburger? If it happens in year one of running a new duplex I can see that it would be impactful, but beyond year 1-2 wouldn’t it just be part of the game? It’s still passive if you play your cards right? Am I missing something?

What do you do with your monthly repair costs? 

Thanks for any help.

I’ve been in the UK for the last 2 years and they use pavers on nearly every house. 

My suggestion would be to use a weed wacker first, then use a pressure washer to clean the pavers and cracks, followed by a run thru with a “weed paver tool” (looks like a wire brush on the end of a broom handle). You might need a crevice tool, and healthy back muscles too. 

Once you’ve done that get a few bags of kiln dried sand and broom it into the gaps to prevent weed growth. Use a pre-emergent weed killer in mid-march or early April. 

I am new to property investing, and I don’t have my first property yet. So far, I have gained a ton of knowledge just by watching YouTube videos, listening to podcasts, attending seminars/webinars. 

I would like to know what the daily life of a successful property investor consists of. An hour by hour breakdown would be great. I start the day with getting up at 545 and doing physical training until 7am. I have a very structured schedule.

What are some things you whales do on a daily basis?