Water is essential for life. Scientists and doctors will tell you human beings can only manage a couple of days without water. There’s nothing better on a hot summer day or after a vigorous workout.
Unless you’re a landlord.
For people who own property, like so many of you Moguls, water can be a nightmare, causing:
- Damage to the house
- Pest infestation
- Mold and mildew problems
- High utility bills
As far as landlords are concerned, a house with no water in it would be a dream come true. That ain’t gonna happen. Tenants need water. No water, no tenants. And no profit.
So we have to have water. There are lots of systems in properties to keep water away from damaging the homes. But it still needs to flow. When it flows, the meter is running. When the meter is running, often it’s the landlord who is racking up the bill. Especially in multifamily homes.
One of the biggest users of water in the homes is the toilet. About 20 years ago, toilets would use…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.