Eventually, it'll happen. Your home or the home of someone you know will get broken into. There's never an ideal time for this. Just last week one of my tenants was burgled, on Christmas Eve no less. The nerve of these … [Read more...] about How to Prevent a Burglary at Your Home
Real Estate Investing & Landlord Skills
Learn how to build wealth with planful and smart real estate investing! Learn how to be an effective and prosperous landlord. Learn how to find and set up rental properties. Then, optimize your rental business by improving your handyman skills and tenant screening tactics.
Real estate rentals can be hard work in the beginning, but with the right choices up-front, they become passive investments that save you time and reap significant wealth.
When considering the idea of mortgage paydown, first things first. Any super high-interest debts (like credit card balances) should be paid off first. For all other debts, I'm a fan of using the cash flow index method to … [Read more...] about How to Pay Off Your Mortgage in 5 Years (or Less?)
No matter how long ago you started your career, it's never too early — or late — to start thinking about retirement. Along with the traditional savings method your bank or workplace will provide, you should also consider more … [Read more...] about Can Real Estate Help You Retire Sooner?
Ever wondered how it's possible to be a small-time landlord, in addition to holding a day job? What is it like to personally manage a handful of real estate rentals and get your fingernails dirty? It's easier than you might … [Read more...] about Property Management 101: What Is a Landlord Responsible for?
It may not be Wednesday, but I find waffles a worthy breakfast treat ANY day of the week. Today's post is brought to us by blogging friends from way out west: Waffles on Wednesday! Fetch yourself some of Canada's finest … [Read more...] about Why You Should Never Buy a House
Going it alone. It's a familiar thing. We think we know what we're doing until a light bulb goes off. Sadly and so often, that bulb doesn't illuminate until we've failed at X, Y, or Z. That's why you need to build your team … [Read more...] about Why You Need a Strong Team of Financial Advisors
Why do I prefer single family home investing for our rental empire? There's a bunch of reasons, but overall, they quite simply WORK. Single family homes generally aren't typically what most think of with successful real … [Read more...] about Why I Prefer Single Family Home Investing
I frankly didn't expect I'd become a more patient and compassionate person by becoming a landlord. But when you get a letter from the natural gas utility of impending disconnection of service, you get to flex a few of your … [Read more...] about The Economical Benefits of Being a Landlord
If you think your business might just need an LLC, this post is for you. If you've ever tried learning a subject in earnest, only to wind up more confused than when you started, again, this post is for you... So what exactly … [Read more...] about Do You Need an LLC for Your Small Business?
After writing all of these lovely posts about early retirement, you'd think by now I'd have shared my affection for our accountant. The Wizard of my Oz. The Swami of my Savings Plan. The Shining Light in a cold, dark … [Read more...] about The Importance of Having a Good Accountant