John T. Reed’s news blog

AirBNB renters are sometimes using false identities, stolen credit cards ,and planing to violate the no-parties rule big time. An 18-year old was fatally shot at one with at least 150 party goers in Sunnyvale, CA last week. Five were shot dead in Orinda, CA near where I live in 2019. In the two years since, there have been about 100 shootings at such short-term rentals in the UC and Canada. AirBNB makes the usual hearts and prayers cliche pronouncements and vowed to stiffen rules and all that. The problem is insufficient due diligence on the identity and reputation of the renter and non-existent on-site adult supervision. It is unsolvable because...

Tax-free positive ‘cash flow’—and no tenants Single Family Home Zillow say my house would rent for $6,000. Invitation Homes says it costs them 38% of the gross to operate their collection of rental houses. Applying that to my house means I have to pay 38% x $6,000 = $2,280 to live there. We also have a small mortgage with a $1,900 payment. So positive “cash flow” of $6,000 - $2,280 - $1,900 = $1,820. That is how much I, in effect, get owning this house and living here. Rent that I do not have to pay is equal to incoming cash. Only it’s better. Receiving cash rent from a tenant is...

The ton, literally, of my new books, An American Principal Residence is the Most Advantaged Investment on Earth: Maximize Yours, was delivered today. The pre-orders are also being shipped today. Thank you for your order if you bought one of them.

My new books An American Principal Residence is the Most Advantaged Investment on Earth: Maximize Yours was supposed to arrive yesterday from the book manufacturer in IL, but they did not. I expect they will arrive next week and we will ship the preordered books next Saturday.

Here is an email I got from an Australian reader regarding my new book An American Principal Residence is the Most Advantaged Investment on Earth: Maximize Yours. Maybe the title should have bee American or an Australian Principal Residence..Thank you John. I have many of your books. I live in Australia and went down the path of owning many rental properties due to a peculiar tax allowance called negative gearing here but the negative Cashflow nearly killed me. I should have stuck to owning one Principal property only and read about the Sydney primary school teachers who decided on a...