In real estate investing, is owning a rental property worth the headache?

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In real estate investing, is owning a rental property worth the headache?

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If you are cash flowing, yes.

If you are in the deal for the appreciation and/or breaking even,  no.

Rentals should not be a headache if you are using a good property manager, training your tenants from the start, using correct documents for leases, move in check lists and setting expectations.

Oh yeah…and making sure the property is in good working order to begin with.

Mr Landlord, Jeffrey Taylor, calls his tenants, Residents.  His website is full of great information and tips on how to change your mindset about being a landlord. If you have a problem owning rentals, first look in the mirror, that may be your problem.

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