The latest real estate renovation for investment purposes we completed was a basement suite. More specifically, it was the basement suite for a half-duplex (built in the 1960s) in the inner city. The premise behind the reno was to turn a single unit investment property …
How Real Estate Investors Spot a Motivated Seller
Every buyer or real estate investor wants a motivated seller because it often results in getting a pretty good deal on the property… however, it’s not always easy to spot a motivated seller, at least not before negotiations begin. Over the years, I’ve figured out …
Tenant Upward Mobility and Real Estate Investing
One of the more critical components to achieving the highest level of return on investment from a rental property is avoiding high tenant turnover. Every time a tenant moves out of your investment property, you, the landlord, have to put money back into the place. …
Condominiums Are Horrible Investments For Landlords
It was a beautiful condominium. The layout was spacious and open, tons of natural light coming in, high-end finishings and appliances, the dining area overlooked the mountains, it was in a desirable neighborhood, and it even had a yoga studio in the complex. At first …
15 Invaluable Entrepreneurial Lessons from 2016
2016 was a crazy busy, awesome year. Much was achieved, some lost, and I learned a ton as an entrepreneur. I got to know some very cool people and traveled to unique places. From meeting some of the innovation leaders of Silicon Valley to visiting …
Why Tenants Should Live Better than Landlords
Ask the kitchen staff of a fine restaurant who eats better, them or the patrons… same goes for car dealers; often the clients drive better cars than the sales staff. Hotels too – guests sleep in nicer suites than the workers live. At the end …
Landlord Etiquette - How to Build Rapport with Tenants
A tenant is a landlord’s business partner, and they should be treated accordingly. This means they should be shown respect, but also held accountable. Essentially, they are watching over one of your most expensive assets – therefor it is imperative your relationship with them is …
Six Reasons Millennials Should Be Very Optimistic About Their Future
Millennials’ parents and grandparents sure had it good. During their working careers, real estate prices took off, stocks soared in value, national GDP grew healthily around 3% annually, and taxes were routinely lowered. Contrast that for Millennials… stocks are overvalued after a near 8-year bull …
How to Avoid Buying a Money Pit Investment Property
Before you purchase an investment property, there are two little-known, yet critical, steps to take, and they aren’t covered in the home inspection… so listen up – they can end up saving you a ton of cash. As you know from reading previous blogs of …
Best Time of Year to List Your Rental Property
It was nearing the end of my tenant’s lease, and she was planning on buying a house after renting for three years. I was sad to see her go because she was one of the best tenants a landlord could have, but thrilled that she …