Challenges?

Challenges?

It’s not without its challenges however and higher turnover (often from residents not getting along) is probably the biggest risk, so you’re on the right track by budgeting for higher than average vacancy/increased “churn” (more turnover).

There will always be issues with some residents and those will take up a majority of your time and effort.Then there will be the occasional pipe bursts, small fires, etc.Dealing with tax appeals, tax returns, insurance shopping.If you have investors, keep them updated and informed throughout. 

Even I can unclog all but the most challenging sinks. 

After a few trials, life challenges and finally stumbling into the Bigger Pockets community....Our journey to be financially free began.

If you do the property just in their name just know that you will need to have an operating agreement set into place by an attorney beforehand because if not then you'll have some challenges if that is not setup and the person on the title/mortgage decides to walk away you have nothing to show for all the work. 

GreeceNo childrenNo petsNon smokersAlso please note that both I and my husband have Physical Challenge of hearing impairmentElectronic address is......@........ followed by ""COMmercial"" (use only letters in capital).We also wish to book directly and have payment arrange inform of a cheque.Please do forward me the following details for payment;NAMEADDRESSTOTAL FEESHope to hear from you soon,Best Regards,....................Vaccinated

Challenges?

The challenge is now even some of the rehabs are overinflated and don’t represent true value.