I have had mostly bad experiences with renting houses. I never made any money for myself, but lots of money for the banker, the insurance guy, the taxman, Home Depot, the real estate agent, attorney, and even the private detective I had to hire to deliver eviction notices to rent-nonpayers. Even the good renters I had broke the lease or messed up the house some how, forcing me to drop everything else and tend to the problem.
I might get into the rental business again, but only with properties that are close enough to my home so that I would see them every day. No way would I be an absentee landlord.
I might get into the rental business again, but only with properties that are close enough to my home so that I would see them every day. No way would I be an absentee landlord.
