Should You Own Rental Property?

Rental ownership is face-to-face capitalism. It’s hands-on. When you own shares in a large corporation, you don’t get a say in how that company is run. When you own rental property, you make decisions that affect your income stream and the value of your asset.  Good...

That’s Just Your Opinion

“What I find so striking today is not that people dismiss expertise, but that they do so with such frequency, on so many issues, and with such anger.” ~ Tom Nichols writing in The Death of Expertise That sentiment scares me. In the public sphere, experts...

There Are Always Trade-Offs

Do you prefer steak or pizza?  Don’t answer too quickly. You probably don’t always prefer steak to pizza or vice versa. If you’re having friends over on Sunday afternoon to watch football, pizza might be the choice. You probably wouldn’t choose it for an important...

Cost and Value

Years ago, one of my friends had a side business buying oak furniture in New England and selling it on the West Coast. At the time, people in New England associated oak furniture with brothels and cheap hotels. They were glad to have my friend take it off their hands...

Deciding When to Sell

“How do I know when it’s time to sell?” That’s a common question when I speak at a group of landlords or investors. The short answer is: “You can’t.” There’s no magic formula. You’ll never have perfect knowledge. You can never “know.” You must decide. Sometimes, the...