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Originally Posted by speeder
I cannot imagine being a landlord in an area where you have to rent to people like you describe. I'd rather live in a tent and collect welfare, less stress.
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Quote:
Originally Posted by MBAtarga
If there are no mortgages and you still don't show a cash flow then you're in the wrong neighborhood.
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Quote:
Originally Posted by McLovin
If you are renting big houses for $740/month and having to take a gun to go visit the units, I can't imagine how that could be worth doing.
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This this and this^
Not currently a landlord, but did it for 12 years. In my case it was a 2 family house that I lived in too. Made rookie mistake with first tenant (see Dantilla's post: "Keep screening standards high, and do not deviate. No exceptions."). After we figured that out, next tenant was with us for 11 years and were fantastic. Now this was in Jersey City, mind you, bought when the neighborhood was just on the verge of exploding with its easy commute to NYC...we did very well when we decided to move and sell out.