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Updated over 3 years ago on . Most recent reply
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What Traits Makes a Good and Successful Landlord?
Has BiggerPockets created a book or a podcast to help people decide if they would be a successful landlord? There is a type I suppose that is more successful in general. There are a lot of questions on my landlord association page that lead me to believe that some people need an idea of what works and what does not work in general. If you are not making headway as a landlord and you think you might not be cut out for it, what do you do? How can you continue investing? Hire a manager? Is there another choice?
Most Popular Reply
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A common trait people lack is being business minded and being willing to do things tenants may not like. So many people want to be "nice" as landlord (eg letting tenants out of contracts) and end up wondering why they didn't make much money as a landlord and got taken advantage of by tenants.