First-Time Landlord
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15
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Lately I've been reading a lot about buying real estate to rent out. This book provided a solid base to scare me into reality on what that would involve. The concept of being a landlord seems like a good idea when everything is working well. If you get the finances right, the tenant isn't too pushy, the property doesn't have too many issues – well then you can probably enjoy the additional cashflow and appreciation on the property. If not, well it might be more similar to my past landlording experience where the tenant stopped paying, had a friend of his move in, had to be evicted with police. Hopefully that means I've at least seen (some of) the bad side to know what to expect.
Lately I've been reading a lot about buying real estate to rent out. This book provided a solid base to scare me into reality on what that would involve. The concept of being a landlord seems like a good idea when everything is working well. If you get the finances right, the tenant isn't too pushy, the property doesn't have too many issues – well then you can probably enjoy the additional cashflow and appreciation on the property. If not, well it might be more similar to my past landlording experience where the tenant stopped paying, had a friend of his move in, had to be evicted with police. Hopefully that means I've at least seen (some of) the bad side to know what to expect.
