Investment - Leading - Investing - Living

May 25, 2022 Investment,Real Estate 0

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 [...]

Norm Spivey

May 18, 2022 Investment,Real Estate 0

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 [...]

Norm Spivey

May 11, 2022 Investment,Real Estate 0

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 [...]

Norm Spivey

May 4, 2022May 5, 2022 Investment,Real Estate 0

Establishing a Relationship with Tenants

While selecting the best property may be a critical first step in rental property investing, a close second is establishing a relationship with tenants. Rental property investing is inherently a people business, which is probably why many investors may shy away. But it is not as hard as it sounds! My wife and I believe [...]

Norm Spivey