When you’re living in Chicago or anywhere near the Great Lakes, winter comes early. You have to make sure your investments are safe during this time. With so many components to maintaining a house, winterizing your home is the smartest investment. Whether it’s your primary residence or your rental properties, there are many things you…
All posts in Real-Estate
July Income Report
July Rental Income Report July was an expensive month this will happen a couple times a year. It’s what I prepare for and what I’m always telling people to be aware about. I had a few expenses this month. Lets start with the income: The income was the same as the last report all units…
What is a Real Estate Short Sale?
All About The Short Sale Home Whether it’s your first home you are purchasing or your second or third, buying a home is a lengthy, intimate process. If you’re buying a short sale, it can be even more involved, ranging from simple to complex. That’s why it is so important to really understand everything about…
Actually Receiving a Check Every Day
There are some people that are actually making it in this business that aren’t bullshitting. It’s rare to find them but heres a couple examples. I personally know a few people that have 30 rental units. I’m sure they have all their checks paid to them on one day of the month, but in theory…
Should I Buy a Single Family, or Multi-Family Home
I was watching this guy on YouTube from Cleveland trying to sell a duplex. He was explaining why a duplex is so much better than a single family and how you need to buy this one. It will cashflow so much. Only one roof. 2 sources of income. He was really hyping it up, and…
Quick Landlord Tip – Insurance
Chaos in the streets. In some cities it’s probably not as bad as you think, and the National Guard has been called in, in many states. I don’t like to take any chances with these things though. So I closely reviewed my insurance policy. I was covered properly. This is what needs to be reviewed:…
How to Choose a Real Estate Management co.
I recently consolidated my rentals in the Metro Detroit market to one property management company. After months of critical thinking, and deciding on what is the most efficient way to manage my properties; I came up with a few guidelines that I plan to stick to when using a property manager. Your manager should make…
April Rent Report
The real estate news has not been looking good around the country. A lot of landlords are losing rent. We see some small businesses failing as well. Landlords on average have been reporting around 70% of rents collected. In my personal real estate holdings I’ve been a little more successful. As of now I have…
The Best Tenant
I had a vacancy in an upper unit 3-bedroom in one of my properties. I put new windows in the bedrooms and did some updates to it. It took me 2 months to get it in rentable condition. I was extremely happy when I finally finished. I hired a less than enthusiastic real estate agent…
Why Every Unit Must Be Uniformed
Every one of your units must be uniformed You notice when you go into a chain store or restaurant anywhere in the country it looks familiar to you? When you walk into the CVS you know the pharmacy is in the back, the refrigerated drinks are to the right. The colors are all the same…