In order for this to be an enjoyable, rewarding and lucrative experience, it’s vital that you’re fully aware of what’s involved and required to be successful. While this article not meant to deter you, it is meant to honestly depict all the responsibilities of property ownership.
Many things play a part in your journey to investment property ownership, starting with finding the right real estate broker. There are literally hundreds to choose from. So where do you begin?
Considering investment property ownership? Here are a few tips.
When I left the world of running large data centers to manage properties, I thought the transition would be relatively simple. My partners for my new adventure already owned 200 residential “doors” and 140,000 square feet of commercial space so they had critical mass. Answering tenant calls, I thought, would be just like running an information technology Help Desk – something I knew how to do.But there is always room to learn, and learn I did. Over the next several years, I managed as many as 600 rental units.