We bought a house in our neighborhood last year, with the intent to turn it into a short term rental. Long term the idea would be to sell the property to one of our children so that they would be able to live in the same neighborhood they grew up …
3 years ago we made our largest real estate investment and purchased a 6 unit apartment building for $171,000. Since we bought it we have stabilized the property through rehabbing all of the units and making major upgrades to the building. Status At Start: When we purchased it 5 of the …
I have been valuing my rental portfolio wrong for years. As someone who consistently researches and analyzes personal finance information, I was dumbfounded when I realized that I was valuing my rental properties wrong. With my rental properties I pay attention to 2 numbers: total cash flow and cash on …
Recently I published an article about Why Landlord’s charge large late fees. All states have different regulations on how much of a late fee can be charged and when. In Michigan, it is effectively up to the judge, adding drama and uncertainty to eviction hearings. Here is how I learned …