I have a friend who has one rental property right now. He has a property manager, but they basically do nothing other than find him tenants. Whenever an issue arises they call him and it's his responsibility to fix it. They do have different levels of service and he chose to make his own repairs, but he still complains about their fee for essentially only finding a tenant.
You're not going to make any money for a long time with a house or two. Look at what you can rent for vs you're mortgage. Making a couple hundred profit every month is not worth having to be a landlord IMO. Your fridge goes tits up? Washer over flows? There goes the profit you made the last few months and possibly your weekend fixing the damage, if you can do it yourself.
Also where are you getting money for down payments on multiple houses? You buy one house and then shit you have to wait years to rebuild your savings for the down payment on the next? No thanks.
Everyone wants to play in real estate because of HGTV. Nobody understands the undertaking it actually takes to make money in that world.
You're not going to make any money for a long time with a house or two. Look at what you can rent for vs you're mortgage. Making a couple hundred profit every month is not worth having to be a landlord IMO. Your fridge goes tits up? Washer over flows? There goes the profit you made the last few months and possibly your weekend fixing the damage, if you can do it yourself.
Also where are you getting money for down payments on multiple houses? You buy one house and then shit you have to wait years to rebuild your savings for the down payment on the next? No thanks.
Everyone wants to play in real estate because of HGTV. Nobody understands the undertaking it actually takes to make money in that world.
2019 Accord Sport 2.0 A/T
2012 Civic Si - Sold
2012 Civic Si - Sold