Do you have rental properties? Do they cause you some headaches?
Being a landlord is not an easy job. To acquire a rental property and run it well often entails:
- Researching the rental market
- Walking through lots of properties
- Obtaining financing
- Rehabbing the property
- Finding tenants
- Background checks
- Maintaining the property
- Dealing with tenant drama
- Evicting tenants
It’s a lot of work!
Many landlords also have regular jobs and don’t have time to do everything required to run a successful rental portfolio. You have to ask yourself if you can break away in the middle of the day if a pipe bursts in one of your properties.
You can hire a property manager to help run the rentals. But property managers don’t find the rental properties and fix them up. They take over the maintenance part of it.
Speaking of the fix-up, you won’t have cash flow coming in while the fix-up is going on.…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.