Renting vs. Buying
There are great reasons to rent and there are great reasons to buy. In any transaction, you need to evaluate what you can afford, what’s …
Management Philosophies and Setting Rent Rates
Management Philosophies I find that there are two common management philosophies when it comes to dealing with rental properties: the Cash Cow Model and the …
Managing Rental Income
It’s critical to have a good rent-collection process in place if you want to have a successful rental property business. Without specific guidelines established, …
6 Critical Relationship for Landords: Part 4 – CPA/Accounting Firm
What does a CPA do? When you’re looking for a CPA (Certified Public Accountant), it’s helpful to have a broad understanding of what CPAs do. …
6 Critical Relationships for landlords – Part 3 – Realtors
Why a Good Realtor Is Critical: Having a good realtor is absolutely critical if you’re going to invest in real estate. Here are a handful …
6 Critical Relationships for Landlords: Part 2-Bankers
I understand that it can sometimes be intimidating and uncomfortable to go into a bank, especially starting out. However, if you have proper preparation and …
Four Critical Concepts of Banking
Concept #1: Difference Between Consumer and Commercial Banking It’s critical to note that consumer and commercial bankers don’t play by the same rules. Consumer bankers deal …
How Risky Are You?: Assessing Your Risk Tolerance
Risk and Investment: Each of us would probably say we would tolerate a risk if a good return was guaranteed. But if the return was …
Am I Too Old (or Too Young) to Buy Rental Property?: What Season of Life is Best to Get Started?
Time and money is a weird paradox. When you’re young and starting out, you typically have a lot of discretionary time and very little discretionary …
What’s My “Why?”
For the sake of transparency, I’d like to be clear about my intentions for this blog. First, please know that I’m not trying to sell …