You can skip the expensive cars, the fancy clothes, and the endless gym selfies. Completely unnecessary.
I used to freeze the second a beautiful woman looked my way. Frustrated. Awkward. Watching other guys walk away with the girl while I stood there tongue-tied.
Then I discovered 22 simple rules that rewired my entire dating life. The anxiety vanished. Conversations flowed effortlessly. Women started chasing me for a change.
These rules trigger a woman's subconscious attraction switches. And you can start using them tonight.
You are not going to get the same rate of return and some of the tax benefits but is also going to take up a lot less of your time. This blog has a lot of great articles on different ways to own real estate and some of the trade offs. A good friend of mine owns/runs a commercial real estate fund that I have invested in for years, completely hands off which I like but miss out on some of the benefits.
VNO and O are solid companies. However, they are not without risk. I invest and manage my own multi-families as a side business from my normal job. I like to keep busy. Usually higher returns, however, more hands on work and headaches. One can hire a property manager, but all they do is make a phone call and tack 30% on to whatever the technician charges them. I've used a few in the past, all but one were pure garbage.
I just am not handy with fixing stuff when it breaks. I have a friend who rented out a two family house, he said it was a huge head ache.. he had a tenant frequently late on payments who had to take to court multiple times.. the place was damaged after he left also..
Is there a ticket for it I can purchase odd Robinhood?
Yeah definitely don't want to be a handy man.. you know any good tickers I can purchase?
No ticker, it is a private fund and you have to be an accredited investor. I am not well versed in RE and know/trust him. He has a niche he typically works within and has a process to maximize value.
Low maintenance = low returns.
It's important to learn how to vent a prospective tenant. Credit report, paystubs, etc. Once they miss a payment, you need to get on them and get into a payment arrangement or file for an eviction. Make sure the tenant has tenant insurance to cover any major damage. In Connecticut, we can hold a 2 month sec. deposit. Sh!tty tenant states, such as New York, you can only hold a month. Those funds help offset the turn-over on the unit.
Might as well buy a lottery ticket.
I have a REIT in my Roth IRA. Much like you, I'm not willing to do maintenance and I have even less patience for dealing with tenants, so I'm not interested in becoming a real life landlord. So I have the REIT as a way to diversify, as a way to include some real estate. The thing I like about it is that it pays dividends, so even if the stock is down you're getting something. As I understand it, when the managers collect the rent, a (small) portion goes to the stockholders.
You can skip the expensive cars, the fancy clothes, and the endless gym selfies. Completely unnecessary.
I used to freeze the second a beautiful woman looked my way. Frustrated. Awkward. Watching other guys walk away with the girl while I stood there tongue-tied.
Then I discovered 22 simple rules that rewired my entire dating life. The anxiety vanished. Conversations flowed effortlessly. Women started chasing me for a change.
These rules trigger a woman's subconscious attraction switches. And you can start using them tonight.
It's a solid index to park your money instead of in the bank.
Too much uncertainty in the market to hold many equities long term. I'm dinkin and dunking to make some decent income with this volatility.
Couldn't resist...
You have a lawyer write the lease boilerplate with rules. Any rule which is broken is a lease violation. Thus, you get them ousted on a lease violation instead of missed rent. Much easier and quicker. Even worked during COVID. Only had to do this once though. NY used to be 2 months as well, but Crooked Cuomo changed it to 1 month. CT is 2 months, and NJ is 1.5 months. I still have some properties in Westchester, NJ, but I am thinking of selling them off as well due to the NY draconian laws which were passed. The COVID BS that NY pulled was pretty sh!tty too. Again, writing a lease in a particular way did shield some. If I can get good tenants on HAP or section 8, I'd take them too. Never really had a problem with any; side from inside NY State. CT and NJ must give you 90 days notice, NY 2 weeks notice which always ends in an eviction.
Interesting... What's an example of a lease violation that can be written in you can enforce if they miss a payment? Like I said this tenant would keep going to court he was close to being evicted and then would pay the minimum back rent owed and keep repeating the process...
Depends on the state. Unauthorized pets, destruction of property, not properly maintaining the unit, smoking, pot, etc.
Does the landlord have a right to come inside and inspect? I feel like there is a privacy law around that protecting the tenant.
