• Secret

    The Top 6 Tenant Secrets

    Tuesday, December 9, 2014

    All of us keep secrets. We do this for a variety of reasons. Some things should in fact be kept a secret as they are personal or you may be breaking a social norm, rule or perhaps even a law.   We may also keep something secret because we feel that we will only get into more trouble by saying something, or we will be perceived as ignorant. All of this just seems to be human nature. Tenants, being human of course, are no exception. But…

  • outside

    The Anatomy of a Rehab – Part 3 – Finding Contractors

    Monday, December 1, 2014

    In my previous posts I discussed how I went through and assessed what I needed to do to get the property rehabbed by using my Property Inspection Sheet and figuring out the budget. In this post I want to discuss hiring contractors. Contractors are an essential part of any real estate investor’s team, especially as you grow and expand your business. Sure, it is OK to do some or all of the work yourself when you are starting out (in fact I would recommend this…

  • Rents Outpace Inflation

    Rents To Outpace Inflation

    Sunday, November 30, 2014

    Rents are still going up, up, up! According to this article, rents will outpace inflation as demand remains strong and supply remains low. Builders are getting the message and trying to increase supply but that takes time and generally meets a lot of resistance from local residents. It will be interesting to see how this shakes out in a few years. Will there be a glut of apartments that drive rents down? Will some of these renters be enticed back into the housing market? Seems…

  • Podcast Microphone

    The Smarter Landlording Podcast – Episode 6 – Real Estate Titles and Closings What Investors Needs to Know

    Tuesday, November 18, 2014

    The SmarterLandlording Podcast – Episode 6 – Real Estate Titles and Closings What Investors Needs to Know With Joe Kirkland of Tri-State Title and Escrow                     Links We Mentioned MemphisInvestorsGroup.com – Stop by on the 2nd Thursday of every month for informative real estate presentation and networking opportunities. Tri State Title and Escrow – Need a real estate attorney in the Memphis area? Give Joe a call today! Shelby County Register – Do your own title…

  • outside

    The Anatomy of a Rehab – Part 2 – Figuring the Costs

    Wednesday, October 29, 2014

    In my last post I discussed how I went through and assessed what I needed to do to get the property rehabbed by using my Property Inspection Sheet.         These are the repairs that I wanted done: A New Roof with some Decking Exterior Painting with some Rotten Wood Replacement Yard Cleanup Interior Painting Interior Wood Floors Refinished Kitchen Remodel Bath Remodel HVAC Tune Up Storm Windows. Now, knowing what I needed done, it was time to figure out what it was…

  • Law Books

    Landlord-Tenant Law: A Beginner’s Guide

    Sunday, October 26, 2014

    Check out the Library of Congresses Beginner’s Guide to Landlord-Tenant Law. It contains a listing of several relevant books and websites relating to something all landlords show know – The Law.

Real Estate News

Rents Outpace Inflation

Rents To Outpace Inflation

Rents are still going up, up, up! According to this article, rents will outpace inflation as demand remains strong and supply remains low. Builders are getting the message and trying to increase supply but that takes time and generally meets a lot of resistance from local residents. It will be interesting to see how this shakes out in a few years. Will there be a glut of apartments that drive rents down? Will some of these renters be enticed back into the housing market? Seems…

Rents Are Up

Rents Have Risen For The Last 23 Quarters

Nationwide, rents now average $1,111 per month according to this article in the Wall Street Journal. Rents are now over 15% higher than they were at the end of 2009. Renters continue to get squeezed by high demand and low supply. This trend shown in the graph below is expected to continue for at least the next year.  

Buying Properties

Podcast Microphone

The Smarter Landlording Podcast – Episode 6 – Real Estate Titles and Closings What Investors Needs to Know

The SmarterLandlording Podcast – Episode 6 – Real Estate Titles and Closings What Investors Needs to Know With Joe Kirkland of Tri-State Title and Escrow                     Links We Mentioned MemphisInvestorsGroup.com – Stop by on the 2nd Thursday of every month for informative real estate presentation and networking opportunities. Tri State Title and Escrow – Need a real estate attorney in the Memphis area? Give Joe a call today! Shelby County Register – Do your own title…

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…

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