I’ve said it before and I’ll say it again: landlording is a job. If you manage your own properties, then you are a self-employed property manager. You get the tax benefits associated with owning property but you’re still working. Anyone who says that landlording is “passive income” is kidding themselves. Or trying to sell you [...]
One of the biggest fears people have about rental property is that they won’t be able to find a renter. People worry that the house will sit vacant and they will be stuck paying the mortgage for months on end. I think that’s probably one of the biggest motivations for paying cash, which as I [...]
Dollar D says: The following is a guest post from my wife, Mrs. Dollar. She’s our ace property manager and she’s here to share some tips on leasing. Take it away, honey! Renting a house is easy. It really is… at least in the DFW area. DD and I have had no troubles renting any [...]
It’s Monday morning and I’m writing this from the parking lot of the Justice of the Peace courthouse in Mesquite, Texas. This court date is the culmination of a year of putting up with our bad tenant and I’m actually excited for the proceedings to commence. Her lease was up yesterday but she didn’t pay this month and so we filed for eviction a week or two ago.
We went to the property yesterday and it was kind of a mess. She obviously left in a hurry, probably hoping to avoid us. There were dishes still in the kitchen, trash all over the place, and damage to the carpet which might require us to replace it. As I surveyed the chaos of this woman’s life, I said to myself, “This is why people don’t want to be landlords.”
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