|
I've been doing this in the UK for 7 years. I started out by getting a 6 bedroom terrace house at auction and renting it to students at 50 quid a room per week. Collecting the rent was no problem, I left it to guys that do odd jobs for me (and bigger than me at only 5'8 lol). I now rent exclusively to professionals via an estate agent. Everything is handled for me. The most I ever have to do is review applications after they have past credit checks, review home after tennants have left, and organise a local cleaning service.
I'm actually in the process of buying a 5 bedroom terrace here in North Wales. If anyone wants first refusal on renting, lemmo know!
The next step for me is vacation rental property in Cyprus. I just can never find the time to get there and find the contacts I would need and could trust. Vacation rentals are great, yield more obviously, and companies now specialise in runnign them for you. With you being in the US this would be a fantastic option for you (i'm even considering it myself) though you may have to choose prop in another state.
|