3 ms·
Problem is, the amount of work it takes to maintain a group of rentals is huge. My old landlord did this instead of investing in the market, and it turned out
by cullenking 16y ago
Problem is, the amount of work it takes to maintain a group of rentals is huge. My old landlord did this instead of investing in the market, and it turned out way better for him in the long run, however he works his ASS off maintaining, finding tenants, evicting, fixing stuff after bad tenants etc etc. Doing it in a college town? It's asking for $3k in expenses every year as a new group of party kids move out/in.
Don't jump into landlording without having experience with contracting and home repair, or at least without a family member that does. A single rental is fine, but managing five? Huge time sink.