Andrew's Blog
My blog will primarily focus on real estate, personal finance, and occasionally a recipe or two from my kitchen!
RECENT BLOG POSTS
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Understanding what an income property costs on both a yearly and monthly basis are important considerations for the real estate investor. In addition, knowing the operating cost of each unit is important, as it helps determine the bare minimum rental rate. No one ever said owning income property...
04/08/2009
Having a tenants gas, electric, or water service get disconnected is a serious situation that must be addressed by a landlord quickly, but fairly. A tenant that has let a utility bill lapse to the point of disconnect is probably experiencing a severe financial hardship. If they have not let thei...
04/03/2009
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(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.) Tenant screening is an important, but often overlooked, responsibi...
03/30/2009
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Many investors take pride in having a strong sense of “do it yourself” when it comes to maintenance tasks that pop up in their investment property. This isn’t necessarily a bad thing, but when does the amount of time required of the investor outweigh the cost of having a contractor come in and d...
03/25/2009
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(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.) Showing apartments can be a headache if you don’t have a system do...
03/23/2009
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As a real estate investor, you already know that a vacant apartment does not make money. Vacancy rate, the percentage of all apartments in your portfolio that are vacant at any time, is generally figured on a year or more of data, based on the number of units that are occupied and vacant monthly...
03/13/2009
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.) One of the best parts of being a landlord or real estate investor ...
03/09/2009
As promised, I’ve come up with a Condition Inspection Sheet which can be downloaded and used for your rentals! This form breaks every room down into detail, and also includes information for electric, gas, and water meters, as well as appliances. Condition Inspection Report Andrew Schultz is a r...
03/06/2009
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Cap Rate, short for Capitalization Rate, is a formula used to help determine the value of rental property. Investors will use the cap rate of a property to help determine a good or bad deal, since it is based on market values (recent sales of similar properties) in the area. Cap Rate is determin...
03/06/2009
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.) Tenants come, tenants go. Over the course of your career as a rea...
03/02/2009
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