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Our Investment Property Mortgage Pre-Payment Plan

Our Investment Property Mortgage Pre-Payment Plan

This month we're taking the first steps towards paying down the mortgage debt on our rental properties. I've been looking forward to doing this for quite some time, but we've been focused on building a rainy day savings since purchasing our second property earlier this year. To Pre-Pay or Not to Pre-Pay? One financial philosophy discourages the pre-payment ofRead More
BiggerPockets.com Article: Earn $1,000,000 in 13.3 Years with Investment Property

BiggerPockets.com Article: Earn $1,000,000 in 13.3 Years with Investment Property

I wanted to share the article, "How to Create a Million Dollars of Wealth in 13.3 Years," which was originally published on BiggerPockets.com. The initial premise assumes you have $365k in liquid capital to invest, a message for investors who already have a nest egg but are frustrated with their returns in the stock market. Even if this doesn't applyRead More
Tip: Matching Touch Up Paint to Existing Wall Color

Tip: Matching Touch Up Paint to Existing Wall Color

We faced a dilemma recently when our rental property needed make ready work, including touch up paint. The color on the walls and trim when we purchased the property was an off-white color, which meant a pure white paint off the shelf would stick out like a sore thumb. We couldn't leave the walls in the condition they wereRead More
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Property Management Company Decisions, Part 2

This is the 4th installment of my Property Management Company series. The previous posts focused on the benefits and costs, followed by our selection process and company decision. A Change of Plans Contrary to our original intent, we decided to hire a property management company for only for our second investment property, for several reasons: Compared to our suburban property, our rural propertyRead More
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Property Management Selection Criteria and Decision

This is the 3rd installment of my Property Management Company series. The previous posts focused on the benefits and costs of hiring a property management company.  Comparing Property Management Companies We focused on the criteria most important to us: Cost - management fee, leasing fee, renewal fee Ability to manage both rental property locations Option to perform our ownRead More
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The Costs of Hiring a Property Management Company

This is the 2nd installment of my Property Management Company series which details my selection process and hiring experience. Now that I've explained the benefits of hiring a property management company, it is only fair that I lay out the costs too - in all its painful glory. The actual numbers will vary by company, but I've included someRead More