Sunday, March 27, 2011

Introduction.....

Hello,

I am not sure how this BLOG thing reaches another human being but if there is anyone out there, I decided to create a BLOG that will follow my life as a Landlord to hopefully let you learn from my experiences if you are thinking about becoming one. Through my postings you can figure out what works and what does not work. My first statement is that being a LL is great and sucks all at the same time. But you can decide that for yourself.

Let me start with some background info. I guess I am well educated as I have an MBA and a great career thanks to my parents support (may they rest in peace) and I have bought and sold real estate since around 2003 when I saw how prices it kept running up and up and up and wanted to put my bonuses to good use. My plan was to buy anything and everything in sight as long as these dumb banks would let me. Single family homes, town homes, 2 family homes, condos in both great neighborhoods (flip) and challenged neighborhoods (cash flow). I bought in VA, DE, MD, NJ, IN , WV, SC, and NC. But I also backed out of deals and lost sizable deposits in SC & FL. My best deal netted me over $100,000 and my worst lost me $60,000. I have sold 5 properties that made me $ but sold 4 that lost me $. Overall I am ahead. Thank god for that!

But this BLOG will be about my life as a Landlord. Being a landlord is my 2nd career but is also is my passion. You see I love it when I am dealing with my vacation homes which I rent out weekly for the most part, like it when I am dealing with my yearly newer house & condo rentals but sort of hate dealing with my older 2 family homes that are in challenged neighborhoods.

I will attempt to post either nightly or weekly what I went though that day or week but I will have to figure this out as I might start off nightly but move to weekly if that becomes too much to handle. So thank you if you are out there for reading this and come back in a few days for my first real day in the life.

Thanks

G

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