Do you know how much risk a landlord take even being in inner city and terrible return in equity?

The reason I ask is that I have started to notice a few local landlords putting some of their rental properties up for sale, actually a lot.

Security deposits are owned by the tenant and just held by the landlord.

During this period I want to get comfortable with a PM software that is both landlord and tenant friendly.

Could use some advice on this, I’m a first time land lord and my trouble tenants are moving out this month on the 15th.

Were you planning on being landlords at some point?

I think if market takes a turn south how are you going to compete against the landlord that owns same duplex on your street but can reduce the rent to $800 and still cashflow where you need to rent for $1200 to break even.Many of us who bought in 2008-13 got these properties for dirt cheap.

No evictions, has a bank account with 3x rent today (this one requrement will save you tons of heart ache and problems), good references from current AND more importantly their prior landlords. 

@Dylan MeekerDylan, you posted the same item over in the Landlord forum.

Good group for landlord resources, if you plan to manage yourself.