VACANT THOUGHTS…MUSINGS OF A LANDHOLDER
By Michael Scalf
Real estate investors: Dinosaurs and mammals
If “mom and pop” landlords can be characterized as mammals, welcome to the Age of Dinosaurs. The sheer number of single-family homes being bought by venture capital corporations, hedge funds, syndicates, conglomerates, or any other term used to describe an...
American dreams still require houses. Too many are missing out
It’s hard to understand what is happening in the American real estate market. There has not been a time in our history that we can use to draw close comparisons. Single-family homes have, arguably, never been in higher demand. Millennials are now the largest home...
Having a difficult time buying a single-family home as an investment?
A commonly used phrase in the single-family investor world is, “You make the money when you buy.” This is nothing more than a nuanced way of saying, “Don’t pay too much for it.” Over the past two years, most buyers of C and B class properties have struggled to find...
No one likes the word “landlord” – let’s change it
I have been considered a “mom and pop” real estate investor for years and I hate the word “landlord.” I think everyone hates the word. I cringe when I hear it, and when I say it, but it’s really a struggle to find a word that describes the owner-operator of a handful...
Afraid to buy your first rental property? Get some help!
Having someone to serve as a sounding board can be a priceless asset in your real estate investor journey. The fear of making costly mistakes keeps many would-be landlords on the sidelines. As an investor of single-family homes, I have made multiple mistakes. Those...
Do you live in a noisy neighborhood? Get used to it
Although noise complaints to a single-family investor are far less common than for our multi-family investor friends, a quiet neighborhood is clearly more desirable than a noisy one. While scouting a new neighborhood for potential rental properties, I visit the...
“I don’t like that color.” Rental properties and interior paint selection
Without question, interior paint selection is a big deal in a rental property. If you only have one property, have fun, watch hours of HGTV and select colors that feel “warm and inviting.” Express your personality by giving off desired vibes while creating that...
It’s time to do away with application fees
Many years ago, I stopped collecting application fees. I have never regretted that decision and the time has come for all landlords to reconsider application fees. The rate of tenant turnovers in my region is significantly less than other parts of the county. Still, I...
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