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Knowing Who to Call

Knowing Who to Call

If you’ve read any of my stuff, you know I am a chronic do-it-yourselfer, perhaps to a fault. I’d submit that the successful rental property investor can’t sustain profitability without some level of do-it-yourself skills. However, as I’ve grown older, my general body condition and available time seem to be diminishing, I’ve found myself calling [...]

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Norm Spivey
  • 276
Managing Repair Costs

Managing Repair Costs

In rental property investing, there are up and down years when it comes to repair costs. By down, I mean higher costs than anticipated! 2024 is shaping up to be a down year for our portfolio. This year we planned a project to repair the parking area on one of our buildings which was a [...]

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Norm Spivey
  • 468
Navigating Evictions

Navigating Evictions

Evictions are an unfortunate part of managing rental properties. With 16 years in the rental property business, my wife and I are no strangers to evictions. We’ve had a couple in our out of state properties that were handled by our property management company. Closer to home, we’ve posted the required “notice to quit” seven-day [...]

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Norm Spivey
  • 508
Resetting a Rental

Resetting a Rental

We recently reset and relisted a 3BR/2BA rental unit less than a week after vacant! While we’ve had some units that required little to no repairs, most, including this one, needed some fairly substantial work to reset. The home had definitely been lived in hard, and needed a full paint, cleaning, yard work and numerous [...]

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Norm Spivey
  • 497

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