One key facet to being a successful landlord is effectively screening your future residents. Failure to choosing a stable, on-time, rent paying citizens of our society will only cost you time, money, and un-needed aggravation. I don’t care whether one is filling a $300/mo or a $3,000/mo rental nor if the applicant is a $7/hr… Read more »
One will often here my reference to the term: “Slow the Turn”. What I’m vaguely referring to is one’s ability to slow the outflow of cash on expenses from a pure business/investment (heck -even personal lifestyle viewpoint too) perspective. As a Landlord, it is imperative that a real estate investor create an environment for their… Read more »
The power of compounding is the secret to wealth with rentals over time. Landlording is a disciplined approach in the game of real estate. It is one where once you dial in your inventory of rentals, lock in your financing, and unlock the secret of management, one can (somewhat) put the rentals on autopilot. I… Read more »
I’m often asked by those new and even those (at times) who’ve been trudging along in the investing arena, how wealth is truly created with real estate. I have a basic saying -one that plays apart in my constant drive: “If you aren’t out earning it, your spending it”. The idea of working smartly… Read more »
State of the Real Estate Economy as of October 2009 I’ve had various thoughts for what I’d write this week… Reflecting back I am seeing a consistent theme with those that play in the land of real estate. Uncertainty, Fear, and somewhat worn out against a back drop of Dow 10,000, Real Estate (supposed) Guru’s… Read more »
Evictions are a part of the landlord program that often scare new real estate investors. I tend to get these last minute calls (sometimes while one is in route to their magistrate’s hearing) asking for advice when its to late. As a landlord and property manager in Charlotte, North Carolina, I have handled hundred’s of… Read more »
The foundation of my real estate investing is rooted in buy and hold investment property for the long term: otherwise, known as Landlording. While I have wholesaled & rehabbed property for short term merchandising of real estate not to mention provided hard money loans to real estate investors in Charlotte, North Carolina, it is my… Read more »
Sometimes I over simplify my thoughts on investing in real estate….. As a generalization, I have an ingrained rule of buying a rental property for $50k and selling it when it hits a valuation of $125k -with the thoughts of reinvesting the money into two more $50k properties. We are still able to purchase single… Read more »
Orginally posted by Tyler McCracken on 10/25/2009 on www.askthelandlord.com State of the Real Estate Economy as of October 2009 I’ve had various thoughts for what I’d write this week… Reflecting back I am seeing a consistent theme with those that play in the land of real estate. Uncertainty, Fear, and somewhat worn out against a… Read more »
