[Ren]

It’s not inexperience, I don’t think many people go by it. It’s just this – as a general rule, long-term maintenance costs (including vacancies, property management, and major expenses like flooring and roof) run about 40-50% of rental income, not counting the mortgage. If you manage your own property, it’s closer to 40%.

[Ren]

It’s not inexperience, I don’t think many people go by it. It’s just this – as a general rule, long-term maintenance costs (including vacancies, property management, and major expenses like flooring and roof) run about 40-50% of rental income, not counting the mortgage. If you manage your own property, it’s closer to 40%.

[Ren]

It’s not inexperience, I don’t think many people go by it. It’s just this – as a general rule, long-term maintenance costs (including vacancies, property management, and major expenses like flooring and roof) run about 40-50% of rental income, not counting the mortgage. If you manage your own property, it’s closer to 40%.

[Ren]

It’s not inexperience, I don’t think many people go by it. It’s just this – as a general rule, long-term maintenance costs (including vacancies, property management, and major expenses like flooring and roof) run about 40-50% of rental income, not counting the mortgage. If you manage your own property, it’s closer to 40%.

[Ren]

It’s not inexperience, I don’t think many people go by it. It’s just this – as a general rule, long-term maintenance costs (including vacancies, property management, and major expenses like flooring and roof) run about 40-50% of rental income, not counting the mortgage. If you manage your own property, it’s closer to 40%.

[Ren]

[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]

It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.

The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.

If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.

[Ren]

[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]

It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.

The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.

If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.

[Ren]

[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]

It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.

The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.

If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.

[Ren]

[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]

It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.

The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.

If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.

[Ren]

[quote=jamsvet]I just don’t think that anything now makes economic sense.[/quote]

It depends on the area. Check out Riverside county. Using the 50% rule, there are a lot of profitable properties out there, in decent neighborhoods.

The biggest mistake I’ve seen residential landlords make (over and over and over again) is to get greedy with rent. They charge over market because they’re convinced they have the nicest house on the block, but the only people willing to pay that are the ones with questionable credit. Three months later, they wonder why they always end up with an eviction and damage.

If you pay the right amount for a property, you can charge below market, get well-qualified tenants, and still have very positive cash flow.

[Ren]

[quote=flu]Check out the google street view of this house at once upon a time.[/quote]

Is that a repair of fire damage?

[Ren]

[quote=flu]Check out the google street view of this house at once upon a time.[/quote]

Is that a repair of fire damage?

[Ren]

[quote=flu]Check out the google street view of this house at once upon a time.[/quote]

Is that a repair of fire damage?

[Ren]

[quote=flu]Check out the google street view of this house at once upon a time.[/quote]

Is that a repair of fire damage?

[Ren]

[quote=flu]Check out the google street view of this house at once upon a time.[/quote]

Is that a repair of fire damage?

[Author]

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