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To: blackdog
The obvious solution is a federal takeover of rental housing units to save both landlords and renters alike.

California and New York are already working on plans for this at the state level.

Being a landlord is still viable elsewhere - but hiring a good property management company helps a lot. Many owners don't want the added expense, but I find good management pays for itself many times over.

19 posted on 07/31/2021 6:42:41 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Mr. Jeeves

Property management is about 15% of revenue, which if you have a mortgage will eat all of your cash flow and 40% of your cash flow after taxes, insurance, hoa and maintenance if you don’t have a mortgage. I do just fine managing myself - more than fine actually - lower vacancy rate (usually just one week between properties), usually no damage to the place ever, and never had to evict anyone (currently have 6 rentals).


41 posted on 07/31/2021 7:17:08 AM PDT by rb22982 ( )
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