• Rehab Tools

    How to Fund Your Rehab

    Monday, July 14, 2014

    It takes money to make money, right? Yes and no. So, I’ve proven that seller financing is out there. You can truly buy a home with no money out of pocket. After that, what do you do about repairs? We are way to new to real estate game for our private lender to trust us with any more than we needed. I’m still baffled that we were able to convince her at all! So, we had to get creative in financing the rehab. Of course,…

  • Electric Meter

    Include Utilities? No Way

    Monday, June 30, 2014

    In Episode 4 of the Smarter Landlording Podcast, Arnold Dormer and I were talking about screening tenants and what we look for in a good tenant. One of the points that Arnold made was that the tenant had to be able to get the utilities turned on in their name. I could not agree with Arnold more. Yes, I know some landlords keep the utilities in their names and then add the cost onto the rent. Or they charge a higher rent because the utilities…

  • Arkansas

    The Worst Landlord/Tenant Law?

    Saturday, June 28, 2014

    Does Arkansas have the worst landlord/tenant laws in the country? How should the eviction process work? Check out a short video on the topic here.

  • The Smarter Landlording Podcast

    The Smarter Landlording Podcast – Episode 4 – The Section 8 Landlord

    Sunday, June 22, 2014

    The Smarter Landlording Podcast – Episode 4 – The Section 8 Landlord “I work for every penny in that check!”                       Links and Forms We Mentioned Requestfor Tenancy Approval (RTA) Form Top Section 8 Inspection Fail Items Sample Section 8 Voucher Form MemphisInvestorsGroup.com – Stop by on the 2nd Thursday of every month and meet myself and Arnold. Check out all the podcasts at iTunes on the Smarter Landlording Channel.  Like the Intro Music?  Check…

  • Bubble

    Is There A Rent Bubble?

    Friday, June 20, 2014

    I saw this article the other day and I thought it asked a very good question considering the rise in rental rates we have witnessed over the past few years.  Are we witnessing a “Rental boom, or rental bubble?” I tend to think we may be entering bubble territory.  Rising rents have been driving up the prices of rental properties.  I read about it across the country and am seeing it here in Memphis, TN.  Rising rents have also spurred a number of new apartment…

  • Coming Soon

    Coming Soon – All About Section 8

    Tuesday, June 17, 2014

    Sorry for the lack of posts lately.  It has been a bit busy around here.  Sometimes real estate investing gets in the way of writing about it. :)  But that does not mean I have not been working to bring you quality material. In fact, coming soon on Episode 4 of the Smarter Landording Podcast, I have an in depth interview with an expert Section 8 landlord.  If you do not know what Section 8 is, if you are thinking about joining the Section 8…

Real Estate News

Bubble

Is There A Rent Bubble?

I saw this article the other day and I thought it asked a very good question considering the rise in rental rates we have witnessed over the past few years.  Are we witnessing a “Rental boom, or rental bubble?” I tend to think we may be entering bubble territory.  Rising rents have been driving up the prices of rental properties.  I read about it across the country and am seeing it here in Memphis, TN.  Rising rents have also spurred a number of new apartment…

Down Trend

Some Rents Are Actually Down

Rents have been steadily increasing in most parts of the country for the past several years.  There are however a few places where rents have been on the decline as HuffPo reports here, but for the most part, increasing rents still rule the day. Many have a hard time connecting the dots to explain these rent increases and decreases. Rent is nothing more than a price, subject to economic laws just like any other price.  Rents go up when demand is high and supply is…

Buying Properties

Seller Financing

Seller Financing – It’s Real!

When you are new to real estate, and without much starting capital, seller financing is the strategy that gives you hope. With seller financing, you don’t need a bank. You don’t need a hefty down payment. You don’t even need good credit. I was sure that seller financing was a strategy of fairy tales. As it turns out though, obtaining seller financing is completely possible. I bought a property with seller financing within 6 months of purchasing my first property. Regular banks would not have…

Silence Can Be Golden

Silence Can Be Golden!

Being a successful real estate investor means being a successful negotiator.   Being a successful negotiator is not easy, but it is a skill that can be learned. Browsing one of my favorite websites the other day I came upon some valuable negotiating advice and thought I would pass it along.   SILENCE The most powerful words are silent. I had a dinner with Michael Fishman (cc Monica McCarthy) last week. He said, “if even for one second you are preparing your response while someone else…

Buying Apartments

Buying Apartments? Use This Form!

For us landlords, growing our business means adding new properties.  New property additions mean more rental units and more cashflow.  New property additions also mean more tenants.  Sometimes these tenants come with the properties we buy.  I call these tenants “inherited tenants.”  Inherited tenants pose a special kind of risk to a buyer in a couple of ways.  First, as a buyer you are generally bound by their existing lease agreements.  You cannot just kick tenants out, raise the rent or revise other lease terms…

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