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Reply to "New to being a landlord - what haven't I thought about/considered?"
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[quote=Anonymous]I’m a re investor and we own and operate apartments. With few exceptions I would not entertain owning/managing a single rental or a small portfolio of single family rentals. A single rental is never going to make a substantial amount of money and is very susceptible to vacancy loss and outsized maintenance expenses. 2 ton hvac units cost $6.5k+ to replace these days - I’ve replaced several this summer - how many months of “profit” is that going to wipe out when it needs to be replaced? How is the roof looking? The parking area? The pipes? [/quote]
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