Will the Property Cash Flow?
So what does cash flow mean?
a. Mortgage payments minus rents equal cash flow (MP – R = CF).
b. PITI (principle, interest, taxes, insurance) minus rents equal cash flow (PITI – R = CF).
c. PITI minus 25% vacancy allowance minus rents equal cash flow (PITI – V – R = CF).
d. Click [...]
Do Your Tenants Have A Plunger?
For the longest time it did not occur to me that my tenants did not move in with plungers… why would they? Unless you have taken on the responsibility for making sure a toilet or sink drain is flowing well, you probably do not own a plunger.
It has become evident [...]
Do You Have To Know How It Works To Fix It?
“It probably helps to know how it works before you try to fix it” would be my best answer. If you don’t know what the flapper in the toilet does or why it is there, you could probably replace it, but if you don’t know [...]
Old is New… or the Evolution of Green
The High Efficiency Toilet
When my great-grandparents built the “new house” in 1923 they included modern plumbing… for women and small children, the facility for men and boys remained the one with a crescent moon silhouette cut in the door. The new bathroom was a “green” system: bath and flush water [...]