Clearly some of us are doing well at this. It’s not for everyone.
Agreed...
I’m on my 12th year. I have 2 single family homes and these have been my best long ball investments. Key points, as have been said before:
-screen and get good tenants
-don’t be an asshole landlord to good tenants. When you find good tenants, make it hard for them to leave because you hook them up right, always. It’s a two way street.
-if you are handy, that will go a long way to keeping your ROI up
-having a handy tenant helps a lot (no nuisance calls; they will improve the house at little to no labor cost)
-do your research; don’t buy a lemon house
-make quality repairs and buy durable stuff
-success may be more difficult in some areas/markets.
Like anything, there are pros and cons. It’s not for everyone.
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