Quote:
Originally Posted by Peter Gibbons
Yes - that is true typical horror story I hear about with local rentals (along with being late with rent).
If you had it to do over again, would you still get into long term, local rentals?
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It's a big winner right now here. I have friends who own a bunch of them and they're just raking it in right now. Their value could turn fast, but they're paid off and any rent is good rent from here on out.
Tesla recently bought me one and I quickly landed an older couple. As long as they don't die soon, it's looking great. I'm not sure I could play the cheap young rental game. They're one bad weekend from cooking meth in your bathroom.