The Other Number
When looking at comparable properties to see how much to list your property for rent, you not only have to look at the listing price, but also the number of days the property has been listed. A property listed for $1500 per month and sitting vacant for a year is worth $0 that year. The [...]
Don’t Bank on a Growing Population
A cornerstone of the wisdom of the Rich Dad, Poor Dad books, was real estate is a good investment because the population will always grow. More people will need more places to live and property will be more valuable. The turbulent economy over the recent past has taught many that always never happens. So what [...]
The Long, Hot Summer
Finally the last day of summer, I walked into the gym and could smell the dank air. I could tell immediately the air conditioner was broken again. This was the second time it broke this summer and a different gym I was going to back in April had a broken air conditioner too. I discovered [...]
It’s Not You. It’s Not Your Home. It’s Your Realtor.
See this pile of cash? It doesn’t belong to you and you know why? Your realtor is being unrealistic and greedy about your property. We have a client who is interested in a townhome in a particular area. We have one in this neighborhood and know without a doubt the competition is over-priced. Rentals sit [...]
Rental Property Video Marketing
Vacancies will kill your cashflow. Having your property vacant just one month can wipe out all of your profits from the year. It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month. Being real estate investors ourselves, we adopted the [...]