In now our 15th year in business as a landlord, property manager and property provider, the fundamentals of what we do remain the same, however, many parts of our business evolve and improve yearly. The biggest evolution is our property renovation. Before I sat down to write this weeks post, I looked through several old … keep reading
One of the most common topics I talk and write about are the other ways in which real estate pays you. With April 15th upon us, make sure you are getting your tax benefits. For those who have followed us for years, this topic has been discussed on several blog posts, however I do add new … keep reading
While there are a lot of moving parts to the Turnkey business model, none is more important than the renovation. With just about everything we all do in our lives, success on the front end positions us for success on the backend. I would say from 2018 and before, most of the homes we bought were out … keep reading
This week, 2 of our properties featured are attached housing, which means it shares a common wall with its neighboring home. These types of homes attract prospective residents that do not necessarily want the upkeep of a single family home, i.e., yard work & landscaping maintenance, but do not want to put up with the … keep reading
There are a lot of real estate quotes that stand out to me, but none other then “Don’t wait to buy real estate, buy real estate and wait.” When I started my real estate portfolio in 2007, while I had heard this quote, I truly did not understand the impact of this statement.15 years later, … keep reading
As the January 31st deadline for 1099’s to be sent out approaches, it is time to start thinking about filing your federal income taxes. While I do not like cutting the check to the IRS, I do find it interesting each year to see what I would have paid had I not owned real estate, … keep reading
With increases in rent over the last 24 months, we are getting more individuals asking us how we establish our rental amount. To evaluate rent we will go to sites such as Rent-O-Meter and Zillow simply as a reference point to keep up to date with all data that is available and a starting point … keep reading
While typically this is a slow time of year to rent homes, thus far we are not seeing this annual slow down. I think this is do to 2 reasons. First, the current real estate market has created a housing shortage, thus turning more individuals into renting. Second, which I think is the bigger reason … keep reading
The Importance of a Mission Statement Great companies start with a vision or mission statement that provides a short summary of that company’s purpose, how and why they do what they do. These simple statements or phrases guide a company’s values and provide it with purpose. That purpose, in turn, orients every decision employees and … keep reading
Effective on all new homes that we market for rent, we will require a 2-year lease with a built-in rent increase between 3 to 5% in year 2. In 2007 when we started buying for our own portfolio, we used a 12-month lease that is common in the rental industry. Although the average stay with … keep reading
