OfflineI am asking this question because I don't know for sure what all is involved. I know from renting myself that they would be responsible for leaky pipes, appliance malfunctions and things like that right... what about landscaping? I would be responsible for that if I had tenants living in a property I own correct? Is there anything besides the obvious that other landlords can tell me about. I am just trying to figure out if I have the time, equiptment and money to do these things or if I should just stick to wholesaling for now. Thanks I appreciate any advice!
Kai
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Money won't fall into your hands, you have to earn it!
As Drew said there is a lot to being a land lord. One option for you is to hire a managment company that would keep it rents and take care of repairs. It still will come down to that it is still your property and no one will take care of it as well as you will. The rentals I have I take care of everything myself, I go pick up the rent monthly so I can keep an eye on the property. It is a lot of work from time to time, but I keeps me involved wtih the property.
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