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Landlord by Choice or Necessity?

By
Real Estate Agent with Call Realty, Inc.

Landlord by Choice or Necessity?
by Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate

Many folks choose to become landlords.  There is no doubt that if developed properly, a sound real estate investment portfolio can lead to impressive financial results down the line.  Some ~90% of this country's millionaires have generated their wealth through real estate.

But to be truly successful down this path, one has to know many things and have a defined plan and pathway.  I'm willing to bet that being forced to rent out a home because it won't sell typically doesn't fall into such a plan.  Read the following article from the Arizona Republic.

Prospective Landlords need to be aware of numerous issues before they take the plunge - voluntarily or involuntarily and many of these suggestions are addressed in the first article as well as in another article from the Republic with advice and tips for landlords.

If you do choose to become a landlord - best of luck!

 

Thanks for Reading :)

Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate

 

Rebecca Savitski
BSR Real Estate Group - Cary, NC
NC Real Estate Listings
I have a few people I am sending to this link. Thanks for the post
Sep 08, 2007 02:03 PM
Rosario Lewis
DDR Realty - Newburgh, NY
GRI, SRES - DDR Realty - Orange County, NY
I've had several buyers lately who were looking for property to use for rental income. it was frightening how little they knew about what they were getting into. Thanks for the link!
Sep 08, 2007 02:08 PM
William Moore
Innovative Realty - Londonderry, NH
I have had a pretty good experience with the LPA - Landlord Protection Agency.  They provide good info and some useful editable forms.
Sep 08, 2007 02:45 PM
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,
Best advice: Find a GOOD property manager. How do you know they are good? Ask for references for starters.
Sep 09, 2007 09:16 AM
Aimee Ghimire
Phoenix Home Loan Expert (www.aimeeloans.com) - Phoenix, AZ

A lot of people doing this right now. I have several clients who're asking me for property managers. Do you know of any good ones in the area by the way?

Thanks,
Shailesh

Sep 11, 2007 05:25 AM