—with Lee Bruns
We think it’s important to have a diversified real estate investment strategy, so we have rental properties in addition to the houses we buy for rehabbing and resale. Carol and Russell have their own portfolio of rental properties, and Lee and I also have some. This is in addition to the rental properties we are building up for Hermit Haus Redevelopment.
We spend a lot of time working together and providing feedback on our rental properties. As I’ve mentioned before, many of them have had air conditioning issues this summer, and there have been other issues causing team members or specialists we hire to run around the state keeping the properties up. Russell enjoys using his handyman skills and does a lot of the repairs himself.
On happy bit of news came this week when we found new tenants to move into Villa Park 1, a big family to fill the house, which is great. It’s a nice house, and we’re glad to have folks in there. Now we just need a renter for the rear unit, where Anita and I lived. Continue reading