Why Patience Pays Off in Real Estate
Why waiting rather than constantly transacting can be more profitable for property owners and rental property investors, particularly in the current market with high interest rates.
Tenant Turnover: The Shocking Truth About Property Management Fees
39 is the average number of fees that property managers are charging tenants. Now I know that's hard to conceptualize. Because it's, it's, it's almost blasphemous in my mind.
How We Market Properties
Ever wondered how to effectively market your property? Whether you're managing it yourself or considering professional help, marketing is key. Today, I’m diving into the nitty-gritty of property marketing, sharing some golden nuggets that can make or break your leasing game
The Real Deal on Depreciation: A Deep Dive for Real Estate Investors
Today, I want to chat about something that gets tossed around a lot in the world of accounting and bookkeeping, especially if you're knee-deep in real estate. Yep, you guessed it—depreciation.
Last Years Mistakes and New Improvements for Better Operations
Today, I'm diving into some of the mistakes we made last year, and what we're doing to fix them for 2024. It's easy to talk about the wins, but the real lessons come from the screw-ups. So, let's get real about the blunders and how we're turning things around.
Shocking Lessons from Acquiring a Property Management Company
Today, I want to share some eye-opening insights from our recent acquisition of a property management company.
We got to open up their books, see everything they were doing, and manage about 120 units from them. So, let's dive into the four key lessons that you, as a property owner or someone looking for management, should focus on.
A Phone Call with Fidelity…
At the end of 2014 I was reviewing my Fidelity statements and noticed something odd…no summary of fees. I called and asked the gentleman at Fidelity if I could have a sheet summarizing all the fees I paid in 2014. He seemed confused by my request and asked exactly what I was looking for. I repeated, “I want to know how much of my money went to paying fees in 2014.” His reply shocked me, “Oh, we don’t do that.”…
Basics of the Stock Market for the Beginner (And the Expert)
Now that you know what the stock market is, let’s learn how to take full advantage of the market returns. After reading this post you will be able to;
• Buy a stock or fund.
• Allocate your own portfolio.
• Understand what index funds to buy for your allocation
A Refinancing Disaster, Lessons and the $712 Question
Most of you are probably asking yourself, “What is a refinance?” If you know the answer to that question then you’re probably saying, “Why do I care?” Valid point, as most of us millennials don’t have a house, and are a long ways from thinking about refinancing. But, the principles I’ve learned through this refinance could save you thousands when dealing with any finance company, whether you’re financing a car, house, boat, etc.
What Are Stock Options? And What Happened to my 20k?!?!
Stock options are as mysterious as they are lucrative. Most people immediately assume options are tied to huge risk, but that’s not always the case.
Book Recommendations - May 2020
If you’re looking for a few book recommendations (from someone with nothing to sell), then you may find this post useful. Below are a few books broken out into three categories: real estate, finance and life in general. These books have been the most beneficial to me along my journey and I think they’ll be a valuable resource for you on your journey to understanding and becoming wealthy.