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Do you worry about renters you'll have to evict? That's what scares me about getting into this -- the thought of losing thousands when it can take months and mo
by heyyyouu 9y ago
Do you worry about renters you'll have to evict? That's what scares me about getting into this -- the thought of losing thousands when it can take months and months to get someone out. Plus the emotional toll of having to do that; not sure I'd want to, although from watching some TV shows on it it seems there's quite a few people who do it on purpose. Still, if those people have kids...
- amalag 9y agoYou can use a property manager, they will take 10% of gross rent. If the margins aren't good enough to support that, then the property isn't a good buy.
- justboxing 9y ago> You can use a property manager OP is the property manager :)
- jedberg 9y agoYeah, it's always a concern. My mitigating factor is that the properties I manage are very close to a University, and students at top Universities tend to not want to mess around, especially as finals approach. In 18 years I've never had a missed rent payment, other than a couple times that were truly "I was thinking about finals and I forgot".