Was told "It is too much trouble"

[William A.]

I asked advice from an acquaintance that has around 20  rental properties.  His advice was simply "Don't do it"!  His reasoning was as follows:

1.  Unless you are a handyman, and can fix things yourself, you will never make money.

2.  Even if you get screen your tenants, you will have problems because the type of people that rent are those that don't have good enough credit to buy a house. 

Thoughts?

[Justin Cooper]

Sounds like he might be a tired landlord you read about!  I would offer to buy his properties!

I agree with the 2 points but not that you should not do it.  That is your choice, just be aware that it is not easy work.  There will be evictions and bad tenants.  There will be broken things, expensive turnovers and a huge learning curve.  

If you are up for the challenge and see the long term benefits, then take action and go for it!  This might actually be an opportunity to partner with him, piggyback on his experience, and try this out.  See if it is right for you before you buy one yourselves and help re leave some of his pain in the process.  Oh Yea, and get paid for it too!