Comments on: Retire Rich from Real Estate http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/ Investing and Personal Finance Fri, 19 Mar 2010 09:15:36 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Giant Book Giveaway! http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-7556 Giant Book Giveaway! Mon, 25 Aug 2008 09:03:40 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-7556 [...] Andersen. I thought this was a pretty good book for learning about real estate investing although Mr. Cheap wasn’t as impressed although he said it is a good book for [...] [...] Andersen. I thought this was a pretty good book for learning about real estate investing although Mr. Cheap wasn’t as impressed although he said it is a good book for [...]

]]> By: Mr. Cheap http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-6623 Mr. Cheap Sun, 22 Jun 2008 19:49:01 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-6623 Jerry; yeah, that's a tough situation. What do you plan to do if you have problems with the PM company while overseas? Jerry; yeah, that’s a tough situation. What do you plan to do if you have problems with the PM company while overseas?

]]> By: Jerry http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-6588 Jerry Thu, 19 Jun 2008 23:20:58 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-6588 Great advice in general, although in some situations property management makes a lot of sense. For example, we are moving overseas for the next 4-5 years, and we are going to be renting out our house. For practical reasons, we need the insurance of local property management in order to lead into any peace of mind while we are in Europe. If we were in the area, of course, we could do it ourselves. Jerry www.leads4insurance.com Great advice in general, although in some situations property management makes a lot of sense. For example, we are moving overseas for the next 4-5 years, and we are going to be renting out our house. For practical reasons, we need the insurance of local property management in order to lead into any peace of mind while we are in Europe. If we were in the area, of course, we could do it ourselves.
Jerry
http://www.leads4insurance.com

]]> By: Mr. Cheap http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-6482 Mr. Cheap Thu, 12 Jun 2008 17:20:00 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-6482 MDJ: Getting a property manager is one of those things that seems perfect in theory, but not in reality. Making it totally passive for 5% seems like a great idea, then when you find they're stealing from you, or they're renting to criminals behind your back or whatever you wonder why this person who is supposed to be helping you AVOID problems is causing them. telly: We'll be giving away a couple copies at least at some point. If you're going to be in Toronto or Waterloo get in touch with us and maybe we can swing you a copy. I still want to do the renting to students post with you at some point (my fault, I've dropped the ball on that one)! :-) MDJ: Getting a property manager is one of those things that seems perfect in theory, but not in reality. Making it totally passive for 5% seems like a great idea, then when you find they’re stealing from you, or they’re renting to criminals behind your back or whatever you wonder why this person who is supposed to be helping you AVOID problems is causing them.

telly: We’ll be giving away a couple copies at least at some point. If you’re going to be in Toronto or Waterloo get in touch with us and maybe we can swing you a copy. I still want to do the renting to students post with you at some point (my fault, I’ve dropped the ball on that one)! :-)

]]> By: telly http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-6481 telly Thu, 12 Jun 2008 12:46:18 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-6481 Hey Cheap, If you decide to pass this one on, I'd be happy to take it off your hands. :) I'd like to read more about his thoughts / comparisons of students vs. other renters. As for the guaranteed "party house", one of our student rentals is currently a frat house :( but the other was most recently occupied by students that actually left their shoes at the door and the place was always spotless with nice, smelly candles lit (yes, there was a female living there). Both houses have 5 bedrooms. Although the frat house isn't ideal, we haven't had to worry about vacancies in years (which has become an issue in the area) and generally the kids are pretty scared of my husband and the other owner so they clean up well after keggers. ;) One thing we've discovered is that it seems to work better if I (the sweet, understanding, female owner) rent out the rooms and my husband collects the rent and gives them sh!t if they trash the place. A little good cop, bad cop I guess. ;) Hey Cheap,
If you decide to pass this one on, I’d be happy to take it off your hands. :) I’d like to read more about his thoughts / comparisons of students vs. other renters. As for the guaranteed “party house”, one of our student rentals is currently a frat house :( but the other was most recently occupied by students that actually left their shoes at the door and the place was always spotless with nice, smelly candles lit (yes, there was a female living there). Both houses have 5 bedrooms.

Although the frat house isn’t ideal, we haven’t had to worry about vacancies in years (which has become an issue in the area) and generally the kids are pretty scared of my husband and the other owner so they clean up well after keggers. ;)

One thing we’ve discovered is that it seems to work better if I (the sweet, understanding, female owner) rent out the rooms and my husband collects the rent and gives them sh!t if they trash the place. A little good cop, bad cop I guess. ;)

]]> By: MillionDollarJourney http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/comment-page-1/#comment-6479 MillionDollarJourney Thu, 12 Jun 2008 10:02:34 +0000 http://www.four-pillars.ca/2008/06/12/retire-rich-from-real-estate/#comment-6479 Thanks for the mention Mr. Cheap! I'm glad that you found some good use out of it. The idea of the property manager is to make the investment as passive as possible, although, I've yet to find a "good" property management company. Thanks for the mention Mr. Cheap! I’m glad that you found some good use out of it. The idea of the property manager is to make the investment as passive as possible, although, I’ve yet to find a “good” property management company.

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