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Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
by exolymph 7y ago
Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
- thrower123 7y agoRental property is a good income stream and investment, but it definitely isn't free money. Things will come up, and you have to be ready to either spend money or put some sweat in to fix problems. And you're on call and have to respond if things go sideways. I mean, just the other day I got a call from one of my tenants, and had to leave dinner to go clean up a squirrel that crawled into the ceiling and died up there... I've been on vacation in Mexico in the middle of February and got the call that the oil burner had quit, and had to scramble from there to get it replaced before the house froze.