By Scot Aubrey If you have spent more than 30 seconds in the last year watching cable news, you are more than familiar with something called “the blame game.” Regardless of political party affiliation, age, race, gender, sexual preference or any of a host of other categories, it appears that our society has become a place of great divide. As a...
How high can their score go? What's their credit score? It's an important number for your clients to know because it measures their financial health. Lenders use this number to determine whether or not to extend credit to someone. Credit scores range from 300 to 850. A score of 670 or above is considered good. The higher the score means they'll...
By Pete Youngs - Real Estate Blogger One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it is always inconvenient. From neighborhood kids...
By Brad Beckett Do you know your blood type or that of a close family member? Statista says it might surprise you to learn that an awful lot of people have no idea, and even less know how compatible their blood type is with others if it were to come to an emergency. Today's chart (using data from the American Society...
Hello! It’s hard to believe that October is already here. This month, we wanted to cover one of the most commonly noted items in our inspection reports… kickout flashings. Questions regarding kickout flashings have come up a few times this month and we thought it would make a great topic to share with you. Read on to get a quick overview...
Landlords have always had the ability to woo business travelers to their rentals. But now that online travel agencies such as Airbnb, HomeAway, and TripAdvisor have gone mainstream, it’s easier than ever! Let’s define a corporate rental as a dwelling that’s lease directly to a company or a business traveler who has a housing allowance. If a company is paying for the...
By Jeffery S. Watson Dear Investor, The second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. I want to share something I have noticed recently. I have had three similar cases come across my desk in the last five weeks, which means it’s something that deserves attention. Investors who own properties that...
Bank statements [WI] Once I settle on a candidate to rent one of my properties, I require 3 months of bank statements. I've found it to be one of the best predictors of successfully paying rent. Do any of you do this and what are your thoughts. Bank statements [MI] My ideal tenants are two adults in their mid 20s to...
Dear Investors, I want to thank all of you who sent suggestions, thoughts and encouragement after my previous email on homeowners insurance. I am currently going through the process of buying insurance on a property I recently acquired in a subject-to transaction. The existing insurance carrier will not insure me because they do not also insure my primary residence. For those...
A landlord shares something he neglected to do when he first started out, which he encourages all landlords to do: "One thing I neglected to do during my early investing years was figure out what my time was worth. I started this game like many small time ma and pa investors: I did everything except stuff I wasn't licensed to do...