Quote:
Originally Posted by OneHungLo
What are the landlord laws like where you live? Is it hard to get tenants out for failure to pay rent? Reason why I ask is, I personally stay away from single family type rentals because if you get deadbeat in there they can be somewhat difficult to remove due to the laws in my state where I live. So if you have a 2 or 3 family rental, if one burns you you still have the 2 other rentals to cover your expenses.
So, if you have multifamily properties with multi units to rent, I would look into those.
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Landlord rules are really good tbh. My people that deal with it for me are really good. Deal is, they take 10% but handle EVERYTHING. I know when I posted about it before people didn't believe me, but for that 10% they handle absolutely everything and have insurance against any problems that may occur.
So if someone stopped paying, I would still get my rent paid by the insurance etc, and if legal action was needed to evict, that would all be handled and paid for by them. Basically, you agree to let them deal with absolutely everything, and in return, you are guaranteed your rent every month, regardless of what is or isn't actually happening at the property. Likewise if they cause damage to the property, that's covered by the agents insurance too.
So in other words, I don't have any worries about knowing Im gonna get my money each month
