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Started By
Message
re: Passive Income Discussion
Posted on 8/1/13 at 12:54 am to Mariner
Posted on 8/1/13 at 12:54 am to Mariner
quote:i've used a management company in the past (took 1 month rent on a 12 month contract), but also have done it direct myself (had same tenant now in one house for 5 years, he doesnt call me for anything unless its major, like a/c). i live 10 hours from one rental and 16 hours from the other. no big deal here. maybe ya'll weren't screening your prospective tenants well enough?
Mariner
0
Posted on 8/1/13 at 8:29 am to Powerman
quote:
Powerman
quote:
Second job on weekends. Swallow your pride. That isn't a huge income with 3 kids. Anything to supplement will help. Wait tables or whatever
I am not looking for more income because I need to pay the bills. My wife and I have no problem paying the bills. I was just looking to add another stream of income. Never hurts to make more money.
Posted on 8/1/13 at 7:59 pm to Mariner
quote:
I respectfully disagree. I grew up Ina rental property owner family and saw my dad constantly having issues with tenants, evictions, damage, etc. I spent many weekends as a kid maintaining the properties and cleaning out/painting the apt for the next tenant, and they literally leave everything behind. Unless a property mgt company handles it for you, you are busy. I agree that over time it's a wise investment, but it requires work on your part. I cannot afford to neglect my career for an apartment.
This.
This is exactly why I prefer commercial.
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