Posts Categorized: Property Maintenance

How to Invest Like Warren Buffett – In Real Estate!

“The Wizard of Omaha”…. “The Oracle of Omaha”… While these nicknames may be a little over the top (after all, he’s a humble guy that likes Cherry Coke and has lived in the same home for decades), it is fair to say that Mr. Buffett is one of the most successful investors of all time…. Read more »

Keeping the Ship Afloat: Capital Reserves for Investment Properties

US Navy sailors spend a lot of time painting. A-lot. A US Navy ship is in a constant cycle of refurbishment and replacement. It’s what keeps the ship afloat for decades. It’s what makes the US Navy the most powerful in the world. As a real estate investor, are you prepared to keep your ship… Read more »

3 Questions to Ask When Choosing a Property Management Company

Here are some important questions to ask yourself and the property manager when choosing a property management company: 1.) Does the company’s philosophy match yours? When you enter into a property management agreement, you are creating an ongoing, potentially long-term relationship. Doesn’t it make sense then to ensure that your property management company is compatible?… Read more »

Calculating Operating Expense Ratio (OER)

What percentage of the gross rental income should a property owner expect to allocate toward expenses each year? The answer to this question is important, and allows you to quickly forecast whether or not a property will produce positive cash flow. But first, some definitions: Operating Expense Ratio is defined as the ratio between total… Read more »

Are You an Investor or a Speculator?

“Using Other People’s Money to Get Rich…” “Other People’s Money – The Ultimate Leverage…” “Flip and Grow Rich” There are hundreds of books like these available on real estate “investing”. Sounds simple, doesn’t it? Borrow lots of money and buy as many properties as you can and you will become rich! Maybe you have heard… Read more »