10-03-2013, 07:41 PM
My brother is a landlord, has 23 properties/unites of his own, manages 20 for my disabled brother and three we all share. His got a home on the breach in both Florida and Oceanside... and he's a nervous wreck the first week of EVERY month.
I tried my hand at renting a single unit for a few years. That property is gone and the assests in REITs. You can make real money as a landlord (assuming you put enough down to be cash positive month one)- but like any small business there are risks ( vacancies, delinquencies, major repairs, etc) but the stress it can put one you is- I think- unique and much mord accoutered than say opening a plumbing businesses.
Just my two cents...
Ronn
I tried my hand at renting a single unit for a few years. That property is gone and the assests in REITs. You can make real money as a landlord (assuming you put enough down to be cash positive month one)- but like any small business there are risks ( vacancies, delinquencies, major repairs, etc) but the stress it can put one you is- I think- unique and much mord accoutered than say opening a plumbing businesses.
Just my two cents...
Ronn