Some investors may try to pretend otherwise but the reality is that sometimes real estate investing sucks. It’s hard. It’s tiring and the problems always seem to crop up all at once … not nicely spaced out for ease of resolution.
Read more on Riding the Roller Coaster of Real Estate Investing…
Earlier this week we unveiled the before and after pictures of our character home renovation project. And last year we shared pictures of a major renovation project we did where we added a legal suite. One of the best things about being a real estate investor is the opportunity to add value through improvements. And, done right, renovations can add more value than you put in, increase cash flow and attract better tenants or buyers. The only problem with renovating rental property: IT COSTS MONEY!
Read more on Real Estate Investing: How to Pay for Renovations…
We just put the FOR RENT sign up and posted the ads online … it’s official … our character home renovation project is darn near complete.
We have some work to do in the yard and we have to put numbers on the house still – but otherwise we are done! And we are really proud of how it turned out.
Read more on Character Home Renovation Project: Before & After Pictures…
Here’s a great way to test your relationship: Buy a couple of lemon properties that are out of town. For added enjoyment, throw in a property manager charged with manslaughter, court ordered repairs and a tenant that stops paying rent and then fights the eviction.
Read more on ‘Til Death Do Us Invest – 5 Tips for Successful Investing as a Couple…
We have a vacancy in one of our properties that is managed by a property manager.
It’s located in Kelowna. We normally try to get out to see our properties as soon as a vacancy comes up but Kelowna is not a day trip from Vancouver Island where we lived. So, we planned a trip right after the Investor Forum to check everything out. Since I knew we were going there in a week or so, I didn’t check up on the ads for the property when they got posted at the start of November.
Read more on Why Isn’t My House Renting?? Troubleshooting a Vacancy Issue…
