My second Investment property was a vacant bar/tavern in a small town that had gone out of business, right on the frontage road of a 4-lane US highway. It was purchased as a partnership with my uncle. We were going to buy this property and get it ready to run a bar and restaurant. Then, we were going to be owner operators of the business. Continue reading “My Second (and third) Investment Property”
Rent Checks Coming in Already!
I have received two rent checks already for March. I have not yet checked the rent collection boxes, but I suspect that a few will be in the boxes by tomorrow. I anticipate all 24 rents to be paid by 2/5, which is the late fee date. Most of the rents will be collected by Monday morning, and deposited in the bank. Solid tenants never bounce checks, and I have not had a bounced a check in years. So the monthly accounting goes something like this. Continue reading “Rent Checks Coming in Already!”
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My Introduction to Landlording, Trial By Fire
I am a landlord in Minnesota. I have 24 renters, located in Eagan and West St Paul. This is my introduction to landlording and journey…. Continue reading “My Introduction to Landlording, Trial By Fire”
