I have to say that one of my biggest fears about being a rental property owner is running into a “Professional Tenant”. A “Professional Tenant†is a someone who knows the rental laws cold, knows the system, and therefore knows how to work the system†by taking advantage of pieces of the law to live rent free. Sometimes indefinitely. They can cost you several months of rent and thousands of dollars in legal fees before…
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REITD 015: Kelly Brittingham – COO, Property Manager, & Full Time Mom
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In this episode I talk to Kelly Brittingham. Kelly started her real estate investing business with her Husband Todd in 2009 with their first investment in a single family rental property. Since then she has completed over 40 real estate transactions. Her investments have included single family rentals, lease options, wholesales, fix & flips, turnkey rental properties and most recently they have focused their business on building new homes. In the midst of all of…
Landlord Friendly Financing? Seriously?
This is pretty amazing. I was looking around for some new ideas on how to finance additional rental properties, and I happened to find something that was pretty surprising….. …… that a monster-sized hedge fund – BLACKSTONE no less – has started offering financing specifically focused on rental property owners. Yeah. To say I was shocked was an understatement. I mean, Blackstone has been the bad guy as they hoovered up all the good deals…
Rational Thought from the Fed?
Shocking I know. That hasn’t happened since Paul Volcker.
But it’s about time.
I just saw a piece in the New York Times titled “Fed Dissenters Increasingly Vocal About Inflation Fears”.
I was both happy and frightened to see that headline. Happy because the Fed needs to face up to the fact that interest rates can’t stay at zero forever, and frightened by what’s going to happen to the economy when (if) interest rates ever get back to anything resembling a market rate.
And then there’s inflation.
I’m an econ major. I’ve been following this stuff since 2006 and 2007. I’m confounded but the fact that we haven’t seen any inflation yet. It’s out there. But if or when it will ever hit is anyone’s guess.
The first paragraph of the piece is what gives me a glimmer of hope:
“An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly from its stimulus campaign, arguing that the bank has largely exhausted its ability to improve economic conditions.”
I’ve included the piece below without further comment. Let me know what you think.
REITD 014: Dave Sullivan – Regular Guy Buy-and-Hold Investor and DIYer
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In this episode I talk to my good friend Dave Sullivan. Dave is a classic buy-and-hold investor. He characterizes it as “regular guy” investing. My business is pretty similar to his – and so I agree with his characterization. It’s not sexy – there are no frills. But the cash flow keeps rolling in month after month after month after month. Dave graduated from Western Michigan University in 1989 with a bachelor’s degree in Finance.…
Another Zillow Fail – Being a Landlord Is Most Profitable in These 10 Areas
This is nutso. Plain crazy nutso. Call it Zillow in Wonderland instead of Alice in Wonderland. Zillow – who you know has a sterling reputation for accuracy <cough cough> has struck again. In this installment of Zillow-Does-Real Estate, they give their opinion as to what the best rental markets in the country are. (I’ve included the entire article below in case you’re curious.) I call bullsh*t on their “analysis”. Because there isn’t any analysis. And…