This really hurts the local population as it's derails any sort of capital formation.

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

.#5 is sort of the reverse of #4.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

So you are still limited to selecting the property, screening tenants, collecting the rent checks and hiring third-party vendors.

Most charge some sort of money.

It’s a tactic that can work, especially when both parties understand and agree on the process. the issue is with this sub to  soup de jour your going to get all sorts of fraudsters coming to play and that is just a fact.. once they figure out the angles..

My question is, should I pay-off my primary residence mortgage to 1)Get peace of mind and some sort of security 2)Opportunity to borrow from my equity if needed 3) Extra cashflow to save and invest in another rental property in the future OR should I keep my primary residence mortgage (due to the low interest rate) and purchase another rental property instead?

We have investors with all sorts of backgrounds at our meetup, and all love to talk about their strategies.

And it's a lot easier to sort floating that monthly interest payment then a near $500k total right.