Interesting article out of Southern California recently. They’re looking for housing inventories to rise. And it some cases it looks like it’s already starting to happen. One person wrote from San Diego: “Lots of houses are coming on the market now where I live in San Diego. The most I’ve seen in years but they are all listed at the highest prices I’ve seen since the crash. The prices are not dropping one bit either,…
Author: Dennis Fassett
I'm pleased to report that after multiple decades of hard-headed stubbornness, I've finally figured out that all work and no play makes Johnny a dull boy. So I've taken it upon myself to convert my wife and now adult(ish) kids into a roving band of merry adventurers.
From horseback riding in Monument Valley to ocean kayaking in Acadia - all of our exploits have earned the coveted "epic" label from the younguns.
I'll tell you about them - and also about the other "adventures" I'm having in my real estate investing business.
No Horses, But Detroit Employs a ‘Horseshoer’?
Full disclosure: I admit to being completely jaded and one of the most vocal and cynical critics of the City of Detroit. In sharp contrast with many of the vapid rah rahs who do nothing but extoll the supposed “virtues” of this rotting cesspool, I actually own property in the city, and I have now for several years. So I have some perspective with this. But even I admit that I don’t know everything about…
Landlords Score Twice!
Cheers! It’s time to celebrate! We just received some INCREDIBLE news this week. And not just one, but two major stories, coming out of two news organizations. The first story was in Bloomberg, and the title screamed “American Dream Slipping as Homeownership at 18-Year Low” I won’t bore you with a lot of the meaningless blah blah blah that bogged down most the piece, but I will tell you that the icing on the cake…
Victims? Hardly. Because Tenant Screening is CRITICAL!
So help me understand how this happens. You have a house. You want to buy a bigger one. You do. But then you can’t sell your first house. So you decide to rent out your first house. Lots of people are doing it. So far, so good, right? And actually it is. Right up to the point where you decide NOT to do a proper background check on the tenant prospects.
Are You Rejecting Tenants? Then STOP!
This is a post I received from MrLandlord.com on tenant screening. This is the best idea I have heard yet on how to handle the potentially touchy subject of tenant prospect rejections. If you’re not already on his mailing list you can do so by going to his site here: http://www.mrlandlord.com/7/index.html DO NOT REJECT ANYONE! The same successful landlord who last week encouraged us to AVOID THE DRAMA, also recently revealed his method for how…
Choose Wisely! Because Location Matters.
I wrapped up the sale of one of my apartment buildings a couple of weeks ago. Part of that process involved meeting with one of the city building inspectors, as I was in the middle of my second bi-annual rental property inspection per their ordinance when we closed. The process went smoothly, and I was (again) pleasantly surprised by how down to earth and practical the building department was to deal with over the term…