David Saks: Real Estate Practice : Lesson 3754

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3754

landlord

When you've found that perfect investment opportunity, and you see that your perfect investment opportunity fits real nicely into your plans for the future, and you've demonstrated to yourself on paper that the numbers will work and you've done the math, is it time for you to take on the grueling, exhauting, laborious, backbreaking responsibility of becoming a landlord ?

What about those 2am phone calls from the tenants about the stopped up toilet, the loud music, burned out compressor on the air conditioner, the blown fuses, the leaking gas, garbage, the broken windows, the late rent, the evictions....???

You've still got taxes, insurance, sanitation department regulations, occupancy restrictions and parking concerns.  Does it ever end ?

You can always hire somebody to take care of the place for you, such as a professional property management group. But if you want to keep an eye on your property it's your responsibility in the final analysis.

Talk to other landlords that have made a commitment to manage properties similar to the type of property your considering, whether it be a large multi-family apartment complex, or a rental home.

Better yet, speak with other professionals, including our landlords, investors, property managers attorneys, brokers and agents, and other fine members of the great Active Rain community.

You'll be doggone glad you did !




David Saks



Time&Temp Memphis

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Mr.Saks' participation in ActiveRain ended April 13, 2015.

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Comment balloon 2 commentsDavid Saks • October 06 2014 01:15AM

Comments

David, Your blog raises a valid question because some people aren't prepared to be a landlord.

Posted by Sam Miller, Knox County Ohio Real Estate Specialist (RE/MAX Stars Realty) over 5 years ago

Thanks for the note, Sam.

Posted by David Saks ((retired)) over 5 years ago

This blog does not allow anonymous comments