My Experiences With Rental Properties
Season 4
Episode 388
Today by request of the chatter over in our MeWe group, I will share with you my perspective as a landlord of 20 years, tell you the story of how I got started and what brought me to this point, as talk about some best practices I have put in place to support by growing business.
This is not investment, legal or real estate advice - rather I will share my personal journey.
Save the date: Rogue Food conference, June 5 in Tennessee - more details as things develop at https://roguefoodconference.com/.
The Greater Reset starts tonight at 6pm Central and sessions will stream here: https://thegreaterreset.org/.
Today's topic: The Agora.
Tomorrow at 6: Take Control of Your Health and Education
Tales from the Prepper Pantry
- Crawling through the food and buying lots of fresh - will adjust grocery list for next month
- Fresh salad update (video coming out this week)
- Monthly grocery update: $260 excluding feed and including all non food replenishings
- Duck Fat Roasted Cauliflower with Truffled Parmesan - a recipe
Featured Forage: Update
- tubers: sassafrass, jerusalem artichoke and dandelion
Operation Independence
- Event Chair Score
- Focus on Taxes
Main topic of the Show: My Experiences With Rental Properties
How I became a landlord:
- Childhood, father, and first job
- Starter Home Purchase and Renting Rooms
- Assisting a friend with managing and maintaining their 5 rental properties
- Cross-country move
- PDX Rental and lessons learned
- Long distance management is tough
- Drugs and other crimes
- Property managers
- Moving to the country - Nashville Experience
- More troubles with late rent/damages
- Being Nice
- The full eviction process
- Recouping damages
- Background checks
- Renting for property appreciation vs Cashflow vs vacation rentals
- My current strategy: Cashflow
- Best Practices
- Background checks
- Rent slowly, evict quickly
- Digital payments (I use Cozi.co)
- Bank Account Discipline
- Tracking Miles Driven - what did and did not work for me)
- Choosing paint and fixtures
- Strictly by the book on contractual items
- Showing kindness to your clients (AKA renters)
- Outsourcing Maintenance (Look at the ROI)
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Published on 4 years, 11 months ago