Managing Residential Income Property: One Simple Bit Of Timing Can Make A World Of Difference

Managing Residential Income Property: One Simple Bit Of Timing Can Make A World Of Difference Having been born and raised in SoCal, doing business there for over three decades, many of the lessons learned in nearly a decade workin’ in other states has been instructive — an understatement if ever there was one. I’ll bet if you’re invested in a midwestern state, the thought of a last quarter vacancy freezes you in your tracks, pun intended. A November vacancy in San Diego is irritating, … [Read more...]

Retirement Is ALL About Reliable Income – The Rest Is Happy Talk

Retirement Is ALL About Reliable Income – The Rest Is Happy TalkThough many real estate investors are primarily interested in short term profit, almost all of ‘em eventually turn their efforts towards ensuring a sizable and reliable retirement income. Yeah, classic Captain Obvious material to be sure. Still, experience consistently demonstrates how, more often than not, people get their eyes off the ball — and make no mistake about it — abundant high quality, steadily reliable retirement … [Read more...]

Hit The Ground Running With Clipboard And Calculator

Hit The  Ground Running With Clipboard And  CalculatorThe investment world is and has been consumed with ‘the numbers’. Yet real estate investors, at least in my experience, do much analysis, and produce more spreadsheets based upon garbage numbers than even they’ll ever know. Possibly the worst source for income property numbers is your local MLS. Forget the probability that most rents and expenses are even cursorily vetted. Forget that most small residential income properties are … [Read more...]

Real Estate Investment Schools of Thought Vary

Real Estate Investment Schools of Thought VaryI had a customer call me a while back.  He’d invested in his first small income property, and was troubled by the advice his 70 year old dad had offered. In fact, there was tension between them about what investment strategies the younger man should employ. Dad, we’ll call him ‘Sam’, had a core belief that debt, even in the best light, was nearly evil. Nothin’ good could come from it, and everything awful was almost assured, due to its … [Read more...]