OPTEMPO during “Retirement”

OPTEMPO during “Retirement”

Operational Tempo or OPTEMPO for short is a term often used by the military in a few different contexts. In the operational sense, OPTEMPO is the speed at which operations are conducted. Generally speaking, the higher the OPTEMPO, the better effects against an adversary. More commonly, OPTEMPO in the military, and especially in the Army, [...]

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Norm Spivey
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Managing Rental Portfolio Growth

Managing Rental Portfolio Growth

I’ve said it once I’ve said it a hundred times, although the IRS may consider rental income as passive, the ownership and management of rental property is in practice, a part time business. If you’ve read my last few blogs, it should be clear by now that rental property investments require near constant monitoring, decisions [...]

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Norm Spivey
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Maintaining the Ledger

Maintaining the Ledger

Maintaining rental properties takes not only physical labor, but it also takes a fair amount of bookkeeping. There are two “books” the rental property investor maintains. A financials spreadsheet that provides an overview of the income and outgo for each unit and a ledger that tracks in detail the daily expenses for the business. Of [...]

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Norm Spivey
  • 546
Maintaining the Investment

Maintaining the Investment

This past weekend, as I wallowed around in the kitchen floor of a rental unit replacing a dishwasher, I couldn’t help but reflect. Some “passive” income this is! I’ve said it once, I’ll say it a hundred times, “passive” income from rental properties is very misleading! When actively managed, rental properties require work to keep [...]

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Norm Spivey
  • 576

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