A housing entrepreneur is what I call myself. I’m a business person with real estate assets. I own rental houses and my customers pay me monthly rents. Housing entrepreneur sounds somewhat different than
It’s been said that after Al Capone was sentenced to prison for tax evasion in 1931, his chief financial and legal advisor, Jake “Greasy Thumb” Guzik, told other mobsters how to avoid
Hello everybody. My topic this month will not be similar to the typical “Los Angeles Housing Department bashing” or “REAP bashing” articles you have undoubtedly read in various apartment trade publications during
Dear Mr. Faller: I am writing to express my appreciation and fondness for one of your associates, Mr. Michael Brennan. I recently began managing an apartment building that my mother owns. My father used to manage it, but after he passed away two years ago, the task fell to me. It has been an uphill…
Question: Dear Nick – What is your opinion on tenants’ gifts and the holidays? I’ve talked to other investors that give their tenants a reduction in rent
Did your tenant skip out owing you rent? Did they cause so much damage to your unit that it cost thousands to repair? Were you so relieved to finally get rid of them that you
The following are the top 10 reasons people use for not succeeding in real estate investing. If I offend anyone with this list, it probably means I’m right on track!
As we learn in economics classes, just about the worse form of price control is price fixing land rents (rent control). Property rights at first and then financial damage to the community are enormous. In theU.S.A., rent controls are
Ask any manager today, “Who is your favorite resident?” He or she will probably tell you the one who drops the rent in the night deposit, is never late and never comes to the office to complain. These residents are great – move them in and they leave you alone! Some of us will agree…
Marketing consists of many factors that heavily depend on the person who is interested in your property. Throughout my experience as an intern (and answering hundreds of calls a week), I have easily been able to identify the
