(Topic ID: 257412)

Any landlords here? Please post tips and stories

By JohnnyPinball007

4 years ago


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Topic poll

“Rental property, yes, no, or thinking about it?”

  • Hell no, I do not want the hassles 35 votes
    25%
  • I love my rental properties 48 votes
    34%
  • I have been thinking about doing that 28 votes
    20%
  • I used to and called it quits 31 votes
    22%

(Multiple choice - 142 votes by 141 Pinsiders)

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#37 4 years ago
Quoted from OLDPINGUY:

All the Positive cash flow properties you want around Florida....Just still a PITA with people.
I left that for Commercial Property, and found renting office space to Attorneys and Doctors to be easier.

Sound advice there.

I did residential property investment in my twenties and having to chase tenants for this month's rent or tradespeople and paying them $60/hour to attend repair jobs that amounted to not much more than changing a washer from a leaky tap (faucet) was enough to realise it wasn't worth it to me long term.

Got out of residential and moved into commercial property investment with an emphasis on attracting Government departments as tenants. The benefit being the yearly maintenance bill drops by 90% and they are more inclined to sign long term leases.

Plus regardless of the health of the economy, with a Government department as a lessee the rent is always paid on time.

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