An important math formula to learn as a landlord is your cash flow. I first learned about this concept after reading Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do…
For tax purposes, the IRS defines rental income as passive income. The idea of generating passive income from rental property sounds great. Let other people pay your mortgage while you kick back in your chair with a pineapple drink in…
*Updated* South Bay House renovation has finally been completed. This renovation was very challenging because we were delayed by Coronavirus lockdown where construction and inspections were completely stopped for 80 days. We had to continue making mortgage payments until the…
We installed a macerating toilet (also called upflush toilet) in our accessory dwelling unit so the tenant could have a personal bathroom without having to share. The location of this bathroom was far back on the property which sat slightly…
My wife and I prefer long-term tenants over short-term because it is lower maintenance and consistent rental income. However, we felt that one of our properties had enough room in our rear yard to add an Accessory Dwelling Unit (ADU)…