Quote:
Originally Posted by 2000cs
I managed an apartment building to pay for part of my college years. Late night calls, drunk and loud tenants, hoarders, arrests. The only thing I never had to deal with was a deceased tenant in a unit. And these were pretty nice units.
Since then, I’ve known many who successfully rented. One friend bought several duplexes and his strategy was to maintain them himself (big stuff) and only rent to retired folks. They stay put, pay on time, and take pride in caring for the units. Like most who play the property game, his goal was to sell them for a capital gain, while having the rent cover ongoing costs (including financing). Being in a good real estate marketplace, his strategy paid off handsomely. Others are more general in their tenants and generally have it work out.
I only invest in REITs if I want more real estate exposure.
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Boy - I would seriously give you a nervous breakdown. I just recently bought 3 rental properties. In a foreign country. lol.