Question of the day: Is being a landlord worth the hassle? The latest round of texts from my tenant at Rental A, a single mother of three, prompted this post. 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 … [Read more...] about The Benefits of Being a Small-time Landlord
Real Estate Investing (and Airbnb)
Learn how to build wealth with planful and smart real estate investing! Learn how to be a good landlord and how to find and set up rental properties. Recognize how your own choice of domicile contributes to your long term wealth.
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 if for you... So what exactly are the advantages of an LLC and how does this business construct work? LLC stands for Limited Liability Company. We have three LLCs. One for the … [Read more...] about How Exactly Does an LLC Work?
Brace yourselves for another yarn from Cubert today. A trip down memory lane, where I share a tale of home improvement woe so YOU can avoid the same mistakes. The hidden costs of homeownership are often a cascade of comical events. Drain tile? Radon mitigation system?? Heat recovery ventilation system?? Big problems require big solutions. If you're not familiar with the term … [Read more...] about The Hidden Costs of Homeownership
Let's travel back for a moment to the world of spreadsheets that I quite enjoy. Away from the sea of social media cheese where you can easily get distracted from the cells and formulas that truly make the world turn. Read on to unravel the mysteries of cash on cash return (on investment) for evaluating rental property value... If being a landlord or vacation rental owner is … [Read more...] about Cash on Cash Return for Determining Rental Income
A key part of our strategy to reach an early retirement relies heavily on the income from our four single-family rental homes. We've been fortunate to have super low vacancies in a market with very high tenant demand here in Minneapolis. This post featuring my top 10 Commandments will help you include your personal chapter in the annals of Landlord Success Stories. I moved … [Read more...] about Landlord Success Stories: 10 Commandments for Winning Rentals