David Saks: Being A Landlord

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

Being A 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.

His blog archives will remain online.

May God bless you.

Comment balloon 4 commentsDavid Saks • June 14 2010 12:55PM


David great post, I have my clients always use a property mangement firm for 10% of the revenue well worth it.

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 12 years ago

Thank you, Endre. The good, experienced, honest PM can eliminate headaches for little extra money. Nice to hear from you. Hope your having a great week.

Posted by David Saks ((retired)) almost 12 years ago

Too many new investors look at the mortgage, taxes, and insurance costs when deciding to purchase a property. I love real estate agents who also act as property managers or work with property managers because it gives the purchaser a chance to talk with someone who can give them a real expectation of ROI or cash flow. Real estate appreciation potential is no longer the lone factor when buying a property. The world has changed and we must change with it.

The Home Insurance Specialist


Great Lakes Insurance Group Agency

Posted by Donald Stevens, Insurance for Landlords and Real Estate Closings (MyInsuranceNerd.com) over 10 years ago

Is there anyone on the face of the planet or anywhere in the known universe that doesn't examine the mortgage, city taxes, county taxes, chain of title(if one exists) and insurance costs before they commit to a P&SA (purchase and sale agreement) ?

It's mandatory protocol for the prudent investor or potential homeowner.

Real estate licensure escalates the level of integrity and expertise for the property manager that holds one. As brokers, we're provided the opportunity to examine the state of the market with alacrity and refine the broader awaremess of investment potential by focusing our attention on details which present the best options for return.

Thanks for your comment, Donald.

Posted by David Saks ((retired)) over 10 years ago

This blog does not allow anonymous comments