(This post was largely created from the upcoming Book on Rental Property Investing, which I’m SUPER excited to launch next month! Stay tuned for more info on that.) It’s no secret that I love multifamily properties. I talk about them on the Podcast. I talk about them in books. I talk about them at local […] View the full article: … Read More
The Investor’s Guide to Vetting a Rental: What to Look For on the Exterior
For the next post or two, I want to take a little more time on some specific things you can do as you are walking, viewing, and deciding on making an offer on a property. There is a lot of nuance, little things that can become big problems, and many ways to deal with them. Buying properties is […] View the full article: … Read More
Yes, Turnkey Rentals CAN Be a Solid Investment Choice: Here Are the Numbers to Prove It
Is it me, or are turnkey rental properties just like olives? I mean seriously, folks. You either love them or hate them. Am I right? You know what I’m talking about! There are many mixed emotions regarding turnkeys, and people aren’t afraid to express how they feel about them. It’s true, they may not be the […] View the full article: … Read More
How to Buy a Profitable 4-Plex Deal: An Investor’s Step-by-Step Case Study
So last week, I talked about how we purchased a package of 97 houses all at once. Let me follow that up by letting you know how we purchased a single 4-plex. Ok, not nearly as exciting, but I think this case study is a lot more practical for a newbie investor. (Pro tip: If […] View the full article: … Read More
The Compelling Reason to Consider Hiring a Property Manager For Your Rentals
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take your money and go to Las Vegas.” –Warren Buffett That’s it. That’s the reason. Get it? No? OK. Let me explain. If you’re an investor, as in you define yourself by your ability to put money to work for […] View the full article: … Read More
Long Term vs. Short Term Vacation Rentals: Which Strategy is Better for Investors?
Over the past few months when meeting with new vacation home owners, I’m often asked what would bring them the most return on their investment: renting their house to a long term tenant or renting the house to guest on vacation. In this article I would like to address the pros and cons of both long […] View the full article: … Read More
The Speech You Should Be Giving to Every Single Tenant Moving Into Your Rentals
You’ve dreamed of owning your first or second (or tenth) rental property. The exhaustive search of dozens, if not hundreds, of properties brought you down to the top two or three, and you made an offer. You get the price worked out, the negotiations for the perfect house are done, and the deal is locked […] View the full article: … Read More
38 Addendums Every Landlord Needs for a Battle-Ready Lease
[Note: I am not a lawyer or offering any legal advice. I am simply a battle hardened landlord providing her thoughts on lessons learned the hard way. Every area is different so it is important check you local and state laws. Good luck on your landlording adventure!] My battle-ready lease is one of the best tools I have […] View the full article: … Read More
Winter is Coming! The Investor’s 7-Point Checklist to Prep Rental Properties for Colder Months
Winter is around the corner, and if you’re in real estate, that means it’s time to get ready for it. If your property is in a place that is at the mercy of cold winds, snow, and ice, now is the time you start preparing it for the upcoming colder season. Taking some time out […] View the full article: … Read More
12 Tips I’ve Learned From Screening Close to 500 Prospective Tenants
Do you know when you’ll find when you search for “screening tenants” on the BiggerPockets search bar? Over 2,000 results! Screening tenants is probably one of the most important topics for buy and hold investors who self-manage their portfolios. It really does not matter if you have 5 or 50 units. Screening tenants and choosing the […] View the full article: … Read More