Rentals as real estate investments?
Wondering if we have any members who invest in rental properties? My extended family (moms side) heavily invests in rental properties in their area and are encouraging us (my sisters and I) to do this as well. They encourage this because, for them, it's been an excellent form of residual income and long-term valuation in their retirement.
I'm interested but it seems like there are huge hurdles to overcome, like ensuring the properties are maintained, screening tenants, etc. I'm having a hard time getting over what I would think would be more of a money SINK than gain.
Is there some sort of investment "basics" when it comes to determining if a property would be a good investment as a rental?
Janice James - W+H Community Manager
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