“Being a Landlord”- It’s like owning a money tree

Reblogger Wallace S. Gibson, CPM
Property Manager with Gibson Management Group, Ltd.

Most professional landlords/investment property owners KNOW to put a professional property manager on their team to handle the D2D operation of their rental and MAXIMIZE their time to get MORE property

Original content by Jon Kolsky 01311273

“Being a Landlord”- It’s like owning a money tree


“Being a Landlord”- It’s like owning a money treeDon’t quit your day job unless you want to!
You may not have to quit your day job, but if you desire, becoming a landlord makes it so you can!  “Being a landlord pays off, doesn’t take up too much of your time and can produce adequate earnings so that you can quit your day job, but that's only if you want to, it's your choice as the money rolls-in every month"


If this sounds like a late night real estate pitch you see on the TV, there are good reasons...it works! I am living proof that it works. Owning investment properties are profitable and uncomplicated, it's not that hard, it is not time-consuming work, and it does not have to be stressful and unfortunate, as a matter of fact being a landlord is a prudent financial endeavor. And in the long term basis it is particularly financially rewarding. With some smart purchase choices, the right leverage, and investment money, you too can retire with many properties that provide an enjoyable income stream.


“Being a Landlord”- It’s like owning a money treeHowever, being a landlord does have its challenges, you have to know what you are doing. This game is all about leverage, location, demand. So if, you’re willing to get your hands a little dirty, being a landlord might just be right for you.

Now, think about it again: Do I want to quit your day job? You can, all you have to do is become a landlord. Investing in investment properties is like buy a money tree; with the right care your $$$tree will provide you an endless stream of money... “Being a Landlord”- It’s like owning a money tree

Trust is a source of pride and a true honor, trust is power...


 Be positive! It's about a leap of faith trusting faith believing acting and making it happen!   

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Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Wallace~ thanks for the re-post:  Wallace~ I am sure they do, just like I am sure they can save 15% and forego it on their own....One of my closest friends owns one of the biggest property management companies in Long Beach, he’s been in business for over 45 years. His business is booming, so there's no question it goes both ways...But, he will be the first one to admit- “his staff doesn't come even close to doing the job as well as a diligent property owner. He wishes his expenses were as low as mine, he wishes he has a waiting list for his properties..



Jan 30, 2013 07:40 AM #1
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

I really do feel there is money in owning rentals. However, I would have to hire contractors to do any work I would need done. So I am not too sure it would be lucrative for me.

Jan 30, 2013 09:28 AM #2
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Sussie~ you are the perfect example of a individual that should never invest your money in real estate although you clearly understand it....I listen to your advice back in 1990.....well, I am glad I listen to "I really do feel there is money in owning rentals"  in 1990 I invested and purchased a duplex, now I own over 200 doors and one shopping center. The net income is amazing, I love it every month., and I even love it more every year- "my net worth goes up, as well... And Sussie, I am completely speaking from my experience...& if I can do it, "there's no reason others can't join in the wealth, as well...

Jan 30, 2013 11:18 AM #3
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

I can't fix things well but I know a lot of great people who can... One of the jobs of being an unhandy landlord is to know who fixes things.  I am counting on the rentals as my retirement plan.   I have to get them paid off in 15 years then between hubby's 401K and my houses we can live OK at 70....  At least that is the plan.  Until then it is hard work with the tenants paying my mortgages.....

Feb 01, 2013 09:08 AM #4
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I use the book “HOLD”( by Jim & Linda McKissick)  when I meet with potential investors. It talks about building a team ( ie. Property Mngr.

May 08, 2020 05:16 AM #5
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