The Pipe
So that’s what’s been causing all these problems…
New Management Strategy
Since my tenants have never met me, I am going to create a fictional character for myself, known as “The Swede”. I am very large and imposing. There are many scary rumors of The Swede. Tenants should pay promptly, or else they may anger the Swede.
October Thoughts
Every day turns out to be an incredible learning experience when it comes to managing this new business venture. I never expected it to be easy, and anyone who tries to tell you that it is – is straight up lying. But I’m actually fascinated by the process, so I’m enjoying that. We’re moving forward, though I could have never imagined the path I’d be taking. That’s the fun part. New lessons all the time. And somewhat changes my perspective Read More
Known Quantities
Executing on an idea when you don’t have all the answers is scary. But then again, how CAN you have all the answers? Sometimes, you just have to work with the answers you DO have. And a whole lot of question marks. And with multiple variables, any of which could blow up and completely derail your operation – it’s like shooting in the dark at a moving target. In a situation like that, it seems like you’d be more likely Read More
On to close…
The air quality report came back fine. No Crystal Meth, as suspected. We close tomorrow.
The appraisal
The good news – the apartment appraised above the sale price. The bad news – the appraiser included her comments about a possible meth lab: “Our site visit on May 25, 2018, accompanied by property manager ———, revealed that one of the units had a very strong chemical odor immediately upon entering the unit and my eyes immediately started watering and stinging. My associate, who has Asthma, experienced his lungs seizing and had to leave the unit immediately”. Mr. —– Read More
The checklist
Do you have a game plan for your next real estate operation? Here’s an idea: come up with a checklist of all the steps you need to complete. Some of these will prove to be challenging – as in, you cannot proceed unless these milestones are passed, like getting loan approval and a successful appraisal. Others are simply necessary parts of the process, like creating an LLC or selecting an insurance agent. I will be discussing many of these steps Read More
Don’t Panic!
I’ll be sharing a lot of stories and lessons learned as I navigate through various Real Estate transactions. And while I intend to spend a lot of time talking about “high level” stuff, I want to get right into the weeds right now, and talk about something I’m dealing with at this very moment. OK. I’m in the process of buying a 24 unit apartment complex, and we’ve reached a point where it seems we’ve gotten past all the major Read More
First post
It starts with a plan.