Its just part of the game, I guess.Keep in mind there are landlords who are very flexible on their rules.

So in my example, your NOI is $8400 ($1400 X .5 = $700 X 12 months = $8400 NOI)NOI of $8400 divided by $140k is 6% cap rate.I can think of many returns in RE better than that without the headaches of being a landlord!

It is imperative that you read Lee Robinson's Land-lording book. 2.

He will make 1k per house for the lead.My point is to start targeting niche markets (destress home owners, Tired landlords, Probate, Divorce) You can be the one getting the referral fee or the one doing the wholesaling.Also being a women does not matter when your making other people money.

Peter to reduce rental turnover you either have to have a place with the bottom 50% of asking rents for the area or really nice finishes so tenants will pay a premium and want to stay long term.You have to weigh getting that extra 50 to 100 a month being at the top of the rental market versus losing months of rent to evict and recondition.For that reason I do not like being at the top for rent rates in my market.I am not at the bottom but not at the top.For good tenants safety and the landlord fixing repairs in a timely manner is usually what is on the tenants mind when looking for a landlord.

While my guys were rehabbing I called every Realtor I know asking if they had a landlord that was looking for an easy rental.

Depending on the place being a new landlord isn't a passive activity at all.True you might be getting 1% or less in a CD or bank account now and you don't get depreciation like with real estate but you can easily beat those numbers.If you have a few hundred k or more I would say triple net it a great route as you can hit a 6% to 10% cap and not do anything but collect a check.

I'm presently an engineer by day and landlord of a SFH, mixed use condo and light office.

I'm not familiar with New York law, but it's fairly common for a tenancy to convert to a month-to-month agreement upon the landlord accepting the next months rent following the expiration of the lease term.

The other thing you can ask for is a cosigner from someone with better credit.Usually they move on to another landlord with lower standards but I have people jump through my hoops and with the extra "skin in the game" they have been better than average tenants.