Merry Christmas

Thank you and Merry Christmas!!

I think my kids (10 and 13) may be getting it for Christmas this year now!

It's like the Christmas Story to me; ya just gotta do it annually.I'm thinking about making my own nickels.

Thanksgiving, Christmas, and one day we just couldn't do it.

Plus, Christmas Gifts aren't illegal.

Christmas was tough, I was gone on the east coast, for 14 days, but always available by text or phone.

I sold this house and should close before Christmas.  

(give them deposit slips)Have the tenants email you with issues (not phone calls)Let the tenants know that your are the owner, you expect them to take care of their unit (inside and outside), to report any problems immediately by emailLet the tenants know that you appreciate their feed back and their rent payment on timeGive them something for Christmas, a turkey, gift certificate, cash.Ask the manager for a report of all maintenance performed and the cost for that foor the past 6 monthsIf you don't want to manage the units, interview other management companiesAdvertise "Wanted part time real estate manager, to inspect properties, collect rent and report on maintenance issues.

It seems I hear this a bunch from investors that they will buy cheap houses that cash flow like monsters that will have zero problems and costs.Then after they buy the property becomes their nightmare.Wholesalers will gladly sell you this trash all day long as they have gotten their money and moved on.I would focus on C areas and leverage yourself into larger multifamily or other deals to control economies of scale.The problem with buying little houses all over the place is someone markets will improve and some won't.You will be dealing with multiple property management companies which will in turn most likely having some do great jobs and others doing bad ones bringing the performing properties down with the losers in the portfolio.Buyers are very cautious today with purchasing properties.Many lenders want cross collateralization of properties from developers or investors.So if the trash in your portfolio goes down the lender wants your trophy properties that are the jewels.I have seen other areas such as Detriot where they sell houses cheap too and in Atlanta.These houses are falling apart and require extensive renovation to perform.The house values will never reach an appreciation rate to sell for a lot of equity but will cash flow.The problem is for lending purposes for houses they use the comparable sales approach.I like commercial real estate because they use the income approach.You increase the income the value correlates and goes up as long as you keep expenses in line.For this reason I do not like the little houses.Really analyze especially for retirement what would be the best plan.If you are constantly dealing with issues with these small houses in another state it can affect your life and take up a bunch of your time which has a cost to it as well.Again this is just an opinion and others will disagree.Just throwing another point of view out there for you to consider.