[quote=EconProf]Wanna multitask by exercising and making money at the same time? Become a landlord and do your own work. Painting, scrubbing, landscaping, carpentry, etc. all works the main muscle groups. Skip the gym fees, go buy some fixer-upper units, and resolve to do as much of the work yourself. After a few years of that you can retire, sell the units, and do a 1031 into a gym.[/quote]
LOL, EconProf. I’ve tried a few of these tasks and don’t mind doing most of them but I’m a little afraid to run most power tools (especially the sharp ones) 🙂 However, I’m learning (slowly).
What I HATE, though, is cleaning up unit(s) that tenants left filthy, especially garbage strewn. It seems there are a lot of people out there that don’t mind living this way. No amount of security deposit is worth spending ~40 hrs in a “vacated” rental unit with a face mask on, rubber gloves to your armpits, and with scrapers in hand.
That’s SO not for me. Since I would only invest in SFR or duplexes (w/o HOA), I could only afford lower-end homes and/or lower-end areas which seem to attract tenants who live like this.
Actually, there is no guarantee that a mid-high tier rental home/condo won’t attract a filthy tenant.
