3 ms·

>You can outsource pretty much the entire thing This is probably the fantasy part. Quality of maintenance, honest, doesn't take all the money - you can pick o

>You can outsource pretty much the entire thing This is probably the fantasy part. Quality of maintenance, honest, doesn't take all the money - you can pick only 2 of these for your property operator. Actually, you have to be lucky to get 2. If it works great and you aren't involved in solving constantly incoming troubles, you're earning peanuts.

embedding-shape 4mo ago
> This is probably the fantasy part. It really isn't, some of people I know personally are literally doing exactly that. These "management companies" basically does everything for you, if you haven't heard about them since before, go look them up, I'm sure there is at least one active in your own area.
- broken-kebab 4mo ago
  My close relative does it, and it's exactly like I wrote above: if it doesn't take your time, money mostly go to other people. There's a comment from everforward which gives a glimpse into reality.
  - embedding-shape 4mo ago
    > which gives a glimpse into reality. Fun :| Impossible that different people have different experiences? Not claiming you're wrong, the world is a pretty big place after all.
    - broken-kebab 4mo ago
      Agree. However, this is the main argument for yeti living somewhere. And property passive income is indeed very yeti-like, there's always somebody heard something, but with closer inspection it's either not that passive, or not that income-y. Or maybe it's like resonance particles: happens, but too unstable to be registered. There are plenty of forces both political, and economical working against it, after all.
    - fc417fc802 4mo ago
      All sorts of weird things can happen from time to time, but simply in terms of basic economics it isn't a stable arrangement. If you're making passive income that means you're operating inefficiently and someone could eat your lunch. The only exceptions that come to mind are significant moats and regulatory capture.

embedding-shape 4mo ago

> This is probably the fantasy part. It really isn't, some of people I know personally are literally doing exactly that. These "management companies" basically does everything for you, if you haven't heard about them since before, go look them up, I'm sure there is at least one active in your own area.

broken-kebab 4mo ago
My close relative does it, and it's exactly like I wrote above: if it doesn't take your time, money mostly go to other people. There's a comment from everforward which gives a glimpse into reality.
- embedding-shape 4mo ago
  > which gives a glimpse into reality. Fun :| Impossible that different people have different experiences? Not claiming you're wrong, the world is a pretty big place after all.
  - broken-kebab 4mo ago
    Agree. However, this is the main argument for yeti living somewhere. And property passive income is indeed very yeti-like, there's always somebody heard something, but with closer inspection it's either not that passive, or not that income-y. Or maybe it's like resonance particles: happens, but too unstable to be registered. There are plenty of forces both political, and economical working against it, after all.
  - fc417fc802 4mo ago
    All sorts of weird things can happen from time to time, but simply in terms of basic economics it isn't a stable arrangement. If you're making passive income that means you're operating inefficiently and someone could eat your lunch. The only exceptions that come to mind are significant moats and regulatory capture.