Back in October, I wrote a post questioning the viability of property rentals moving forward into the future. I wrote that post based on the soaring costs of insurance. The truth about property ownership is that operational costs are now exceeding capital costs in many areas of the country. Yesterday, the Federal Reserve Chairman Powell…
Category: Real Estate
Real Estate Rentals: Best Appliances
I finally caught a break from my vacation in Europe. I came across this great video from Coach Carson on the best appliances for property rentals that’s worth watching if you’re a landlord. I took some notes for future reference so I hope you found this as helpful as I have.
Wall Street Gobbling Up Trades – Rental Owners Beware!
The Wall Street Journal had a recent article entitled, “America’s New Millionaire Class: Plumbers & HVAC Engineers” that is a must read for every property owner. Here is a key quote: Private equity, however, is no foreign player in the skilled trades these days. PE firms across the country have been scooping up home services…
Will Real Estate Property Rentals Be Viable In The Future?
I had yet another problem with one of my condo rental units and it got me thinking about the long term viability of rental properties for small operators. I’ve written several posts now about the Pareto distribution and how 80% of the wealth (or properties) end up in the hands of the top 20% of…
Another Repair & Hit To My Rental Property Income
Well it turns out last month I had more repairs on a condo unit. The property management company took care of everything including sending me the bill. In August, it was a $500 hit to repair a fireplace and an issue in the kitchen and some other minor problem. Fortunately, I haven’t had any major…
Broken A/C Unit In A Property Rental Unit
Literally just days after I wrote a post about the high cost of replacing an A/C unit I got an email from my property management company that my tenants opened a service request to fix the air conditioner unit. I was extremely worried I would have to shell out $6000 or more to replace the…
Air Conditioner Cost About To Skyrocket
I recently wrote about my Mother’s Day fiasco with our air conditioner unit so it got me thinking about what it would cost to replace the unit. Our current AC unit is approaching 10 years and that’s about the time it starts failing or need constant repair of some sort. In looking for the latest…
Risk Management: Taxes, Real Estate & Rental Properties
The Wall Street Journal has an excellent article on the tax risks of owning multiple residences or real estate in different states and it’s something that my wife and I have had to deal with over the past few years. Here’s a key quote from the article, “States are getting more aggressive to avoid missing…
Cancun, Timeshare Salesman, and the Diver
I wrote this story in my original blog but since I rebooted it, the archives got zapped so I’m writing it again because it was an experience that changed my life. Cancun In early 2000’s, as I recall, my wife and I took our kids down to Cancun, Mexico for a family vacation. We stayed…
Real Estate Rental Properties & Risk Mitigation
We own some rental properties and we are far from being experts in anything related to real estate rentals. We became accidental rental property owners but it’s worked out ok so far without any major issues. I really like the mostly passive income stream that comes from property rentals but it’s not completely passive. Last…