Tag: michigan real estate investing

He chucked his corporate job yesterday to follow his passion. Congrats Danny and I look forward to following your success.

Just about every investor that I know that’s in rental properties has one. They are a royal PAIN and it would have been really nice (and more PROFITABLE) to have made a different decision. You can avoid doing it. Very easily actually. And if you knew what I know now, you’d realize that you can’t afford not to.

Started a new job with my company today after being asked to “take one for the team”. You can’t be the master of your own destiny when you accept a paycheck from someone else.

Posted a video last week on why it’s bad idea to buy crappy properties right now. The feedback disagreed. So here it is by the numbers – and yes – ROI. Because ROI is what goes into your checking account at the end of the month.

You’ve taken your time screening tenants like a Set and Forget rental property owner should. Then a problem arises – one of your tenants is late with the rent after being consistently on time.

This a textbook example of what results from poor tenant screening. How would you like to have to clean this up? I don’t. And I don’t have to with the tenants that my screening process yields. Hat tip to the prior owner of my building to renting to this dirtbag over my objection. I stopped asking myself years ago how people can live like this.