I found a house in my favorite neighborhood that was still very cheap. I assumed that they were underwater still from the housing crash or it needed a lot of repair. Either way I knew they couldn’t afford it, because of what it was listed at. It was an all brick duplex built in the…
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…
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…
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…
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…
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…
